Jaxx: The New Fleet of Bitcoin & Ethereum Wallets


February 13, 2016 There’s a new fleet of Bitcoin wallets created by the Kryptokit team. Jaxx was announced today by Anthony Di Iorio, CEO and Founder of Decentral, Kryptokit, Chief Digital Officer at TSX, and co-founder of Ethereum. The first release is a beta version for Android and can be downloaded today via the Google Play Store. The wallet is the first of the available clients which will include iOS mobile / Tablet, Chrome Firefox Extensions, PC / MAC / Linux desktop versions. Di Iorio says in the announcement:  

Also read: South Korea’s Korbit Introduces ‘Aggregator for Cross-Border Payouts’ 

“Today I am excited to announce the Beta release of Jaxx for Android. This is the first release of a fleet of wallet versions available for many devices and operating systems that will be available in beta form before February 29. With a focus on unifying the look and feel across devices and focusing on customer service, security, design, and user experience, our goal is to unify the Bitcoin Ethereum experience across devices.” — Anthony Di Iorio, Kryptokit

The Jaxx Wallet

The new hierarchical deterministic Bitcoin wallet also will also be able to store Ethereum (ETH) within the service. The Jaxx announcement says, “easily switch between BTC ETH,” and the team wants to capture both communities with this new service.

The company states, “With a focus on unifying the look and feel across devices and focusing on customer service, security, design, and user experience, our goal is to become the default wallet of choice for both Bitcoin and Ethereum.” Currently, users can unlock Ethereum by tapping the refresh button twice then tapping the Jaxx logo twice. The release dates for all versions of the product can be found on the wallet’s website, and also shows a hardware wallet coming in late 2016.

Kryptokit says they have been a trusted and secure service since 2013 with its Chrome extension and Rushwallet products. The company says since that time there has never been a single loss of funds from issues on their end. The Kryptokit Philosophy states:

  • We never access or hold onto user funds.
  • We offer a client-side security model, with private keys hosted locally and never sent to any servers.
  • We are design-oriented, offering simple, attractive user interfaces and experiences and short learning curves.
  • We use standards that ensure should we ever go down or cease to exist, your keys can be imported into another service.

This wallet release comes just days after the announcement of the Decentral Bitcoin Card for Canadians nationwide. The Decentral prepaid card will enable people to purchase denominations of $20, $50 and $100 CAD of Bitcoin and will be redeemable via the company’s website.

Di Iorio encourages people to give Jaxx a try and contribute feedback. However, the product is still in beta release, and users should take caution by only using small amounts at the current time. Another exciting feature Di Iorio also revealed was that Kryptokit added elliptic curve cryptography (ECC) capabilities to OpenPGP with the Jaxx launch. Di Iorio states:   

“To celebrate the launch and roll-out of Jaxx, our new fleet of wallets, Kryptokit is excited to announce to the community that we’ve added elliptic curve cryptography capabilities to OpenPGPjs. Bitcoin uses Secp256k1 to ensure that funds can only be spent by their rightful owners using digital signatures. OpenPGP is thought to be the most widely-chosen quality cryptographic system to encrypt messages. We made it possible to use bitcoin keys to derive and validate PGP keys. This provides developers with a solid infrastructural tool to facilitate and integrate secure messaging on top of the bitcoin protocol. Our code is available on github and forked from the standard implementation of OpenPGPjs.”

Anthony Di Iorio, Kryptokit

The Jaxx wallet wants to be the choice wallet for Bitcoin and Ethereum users, and the team is pleased to reveal the launch. Di Iorio  states this is the first stage and integration with company’s like ShapeShift.io will come in the second stage. The company also says the first ever mobile wallet with Ethereum integration.

The Kryptokit and Decentral team say they want to provide the best user experience for people within the cryptocurrency ecosystem, and this wallet is another service from the company that will help do that. As usual, Bitcoin.com will keep our readers informed of any upcoming developments with Jaxx and the latest decentralized technologies.

What do you think about the new Jaxx wallet? Let us know in the comments below!

Images courtesy of the Jaxx website and Google Play