Mycelium Wallet

from Wikipedia, the free encyclopedia

The Mycelium Bitcoin Wallet is a project by Megion Research & Development GmbH, which among other things also maintains Bitcoin machines. The company is based in Vienna , Austria .

The Mycelium Bitcoin Wallet is available for Android and iOS . The source code was published on GitHub . In 2014, the app received the "Best Mobile App" award from the Blockchain.info website . The wallet is available in 12 different languages, with translations being done by volunteers.

Bitcoin wallet features

  • 100% control over the private keys , which never leave the device unless they are exported.
  • The blockchain does not have to be downloaded as Mycelium synchronizes the wallet via a server.
  • Very fast connections to the Bitcoin network through so-called "Super Nodes".
  • Encrypted backup of every account.
  • It is possible to buy Bitcoin from external providers in the app.
  • Transactions are saved and can be viewed at any time.
  • Private keys can be imported via QR code or text.
  • Private keys can be exported using QR code, text or encrypted PDF .
  • The wallet app can be protected with a PIN.
  • The wallet app can be routed through the Tor network using Orbot .
  • BIP38 keys are supported.
  • The current account balance can be converted and displayed in 164 currencies.
  • Integrated QR code scanner.
  • With the integrated local trader function, you can carry out P2P transactions for cash with other interested parties.
  • The hardware wallets Trezor and Ledger are supported.
  • BIP70 payment requests are supported.

Local trader

Mycelium Local Trader is a decentralized marketplace for exchanging Bitcoin for cash, which is built into the app itself. Since the bitcoins are stored locally on the device, the local trader function never has access to the private keys. The Local Trader Servers only arrange the trade between buyer and seller. Anyone can upload advertisements to buy or sell Bitcoins, with a reputation system in place that rates users. For each trade, Mycelium charges 0.5% fees of whoever uploaded the advertisement. Since the cryptocurrency market is subject to strict regulations, local traders are an easy way to purchase bitcoins anonymously regardless of the country and the laws there.

history

The Mycelium project was announced on September 13, 2013. The project was originally called BitcoinSpinner, which was later changed. The wallet has supported the HD system since October 7, 2014, which is why you can keep several private keys in one account. The iOS version was announced on December 18, 2014, with the focus still on the Android version, which is also noticeable in the lack of features in the iOS app.

Web links

Individual evidence

  1. ^ Mycelium - Bitcoin Wiki. Retrieved March 4, 2020 .
  2. ↑ mycelium-com / wallet-android. Mycelium, February 25, 2020, accessed March 4, 2020 .
  3. ↑ Satoshi Nakamoto Takes Top Honor at Inaugural Blockchain Awards. May 16, 2014, accessed March 4, 2020 .
  4. ↑ Crowdin. Retrieved March 4, 2020 .