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A new commitment, Rahakott, was launched. Rahakott is a cryptocurrency wallet that allows anyone to send or make digital currencies and to monitor their balance. The surge in demand for cryptocurrencies enthusiasms demand for solutions that are more convenient and simpler to implement.
Digital currencies do not get by in physical form and are not stored in a single place. All that actually breathe are transaction records in a blockchain. Therefore, when Bitcoin or other cryptocurrencies are transferred, the ownership repairs to a certain amount are simply rewritten to your wallet’s address. Nonetheless, to take control of that currency, the private key for your wallet has to agree the public address to which the currency has been allocated. If they marry, a withdrawal happens at one wallet and a deposit at the other. And all of this is just a note in the blockchain.
“The market does not currently offer that many choices of proper, easy to use wallets that would give both security and go like a shot in processing transactions,” comments Akke Svenson, the wallet’s founder. “We bring into the world had the audacity to address all the existing issues with the Rahakott wallet.”
The key exit is registration. It is on this step that some users simply cannot occasion sense of the system and go on to look elsewhere. The Rahakott service offers artless registration without email or phone, with just a mnemonic phrasing.
Despite the simplicity of registration, the wallet is well-protected from hacking by two-factor authentication. In adding, users that conduct business using cryptocurrency can set up subaccounts for their shoppers and generate requests for payment. Rahakott has functionality that allows quantity generation of a large number of addresses. Miners have the ability to set a pocketbook address as where they would like to receive their prize for mining.
The wallets are algoristic, meaning that a new address is generated for each business, which increases user anonymity. The existence of an API allows for the wallet’s functionality to be coalesced into external web services and software.
“Rahakott went live on November 12,” says Akke Svenson. “We plan to tower perfecting the service’s functionality as we go. Our next step is to integrate currency tit for tats, so that clients can choose the best exchange rates when mutating to other cryptocurrencies and fiat currencies (P2P exchange). Our service serves to interfere with the status quo in the modern financial system, which is riddled with limitations, pays, and difficulties in processing transactions. We find ourselves at the starting point of a new, unconnected, and transparent financial future. And we’re building that world together!”
Think up Team
Akke Svenson, Rahakott.io cryptocurrency wallet founder
Entrepreneur, IT authority, blockchain enthusiast. Graduated from the Royal Institute of Technology in Sweden and Stanford University in the US. He began his occupation at Ericsson, then worked on developing services for financial companies in Europe. For a few years he adequated as CTO at a Silicon Valley fintech startup. After that, he returned to Sweden and set his own company, specializing in IT consulting. He became interested in blockchain in 2013, believing that hip technology will help build new economic relationships in the world.
Maksim Shreyder, Rahakott.io cryptocurrency purse cofounder
IT expert. Graduated from the Moscow Institute of Physics and Technology and the University of London. He launched his career as a programmer, developed projects in the e-commerce sector, and headed IT offices at Russian and English companies. In 2015 he became interested in cryptocurrencies and mining.
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