{"id":44365,"date":"2018-04-14T03:19:08","date_gmt":"2018-04-14T10:19:08","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=44365"},"modified":"2019-11-07T02:37:55","modified_gmt":"2019-11-07T02:37:55","slug":"iota-trinity-wallet","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/iota-trinity-wallet\/","title":{"rendered":"IOTA\u2019s Impending Trinity Desktop Wallet Launch Catalyzes Price Recovery"},"content":{"rendered":"

Thursday's unexpected short squeeze<\/a> resulted in a sudden and dramatic price spike<\/a> across the entire cryptocurrency market. With Bitcoin<\/a> gaining over $1,000 USD in less than one hour, many altcoins have experienced similar stratospheric surges. IOTA<\/a>, however, is experiencing a prominent return to the positive, breaking out of a long descending price run as investor faith is restored in the flagging market.<\/p>\n

\"Fujitsu
Related Story:\u00a0Fujitsu Executive Rolf Werner Joins IOTA Foundation<\/a><\/figcaption><\/figure>\n

Recent IOTA news has seen Fujitsu executive Rolf Werner join the IOTA foundation<\/a>, which contributed to positive investor sentiment, but the most interesting announcement to come from from the IOTA development team recently is the announcement<\/a> of the upcoming Trinity desktop wallet launch.<\/p>\n

A March update<\/a> outlined the current developmental state of IOTA\u2019s highly anticipated Trinity wallet app, which is now in a security audit stage.<\/p>\n

IOTA developer Navin Ramachandran stated in the update that, while the app project has been hindered by a lack of standardization within coding guidelines exacerbated by a failure to communicate accurate timelines with the IOTA community, the Trinity wallet app is already in an alpha stage of testing.<\/p>\n

\"German
Related Story:\u00a0German University RWTH Plans to Implement IOTA for Industrial Use Cases<\/a><\/figcaption><\/figure>\n

While the Trinity wallet app may still be awaiting app store approval and security auditing, the Trinity desktop wallet is slated for alpha testing in the first half of April.<\/p>\n

According to a recent Reddit post<\/a> published by \u00a0Trinity Core Developer Charlie Varley, hundreds of new users are now being registered to the Trinity desktop wallet testing group.<\/p>\n

What the Trinity Wallet Launch Means for IOTA<\/h2>\n

\"\"<\/p>\n

Work on IOTA\u2019s user-friendly wallet application has been underway for several months, with a release expected at the conclusion of the security audit in 6-7 weeks time. Ramachandran, in answer to the question \u201cwhen Trinity\u201d, posted this response:<\/p>\n

\u201cWhen this audit is complete we can move to a public beta test where everyone can try out the mobile wallet via the official app stores, without any special invitation. At this time, we will also release the full audit report and the complete source code for public review.\u201d<\/p><\/blockquote>\n

The cross-platform approach the IOTA team has taken in the development of the Trinity wallet app, however, will likely speed up the progression of the Trinity desktop app shift from private alpha to public beta.<\/p>\n

\"Introduction
Related Story:\u00a0Introduction to IOTA \u2013 The Economy of Things<\/a><\/figcaption><\/figure>\n

The release of both a desktop and mobile IOTA-specific wallet app is set to significantly improve investor sentiment toward the slow-moving IOTA project \u2014 the proposed app offers a number of elements that would position it as one of the most feature-rich wallets available.<\/p>\n

In addition to standard wallet features such as seed storage and generation, the Trinity wallet also delivers multiple seeds, as well as a \u201cstatefulness\u201d feature that records all transactions and balances in order to overcome issues presented by IOTA\u2019s \u201csnapshot\u201d function.<\/p>\n

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The new #Trinity<\/a> wallet is stateful\u200a\u2014\u200awhich should overcome the problem when you are on a single device and a snaphshot occurs! Follow us to be part of the #IOTA<\/a> revolution! #crypto<\/a> #crytocurrency<\/a> #iotatokennews<\/a> #apple<\/a> #android<\/a> #iphone<\/a> #ipad<\/a> @iotatoken<\/a> @DomSchiener<\/a> @DavidSonstebo<\/a> pic.twitter.com\/Fhu6zPMMDs<\/a><\/p>\n

— IOTA News (@iotatokennews) January 8, 2018<\/a><\/p><\/blockquote>\n