cryptoninjas.net
WavesFX, an advanced crypto wallet based on the Waves blockchain, announced today several language translation updates, important bug fixes, and new features. The wallet was first released in late 2019, and starts the new year with a fresh update that includes ‘offline mode’ – a widely requested security feature.
Ideally, private keys and seed phrases are always kept offline (cold storage) to reduce the chance that either private keys or seed phrases get compromised. The problem with cold storage is that handling transactions become rather inconvenient. Signing and broadcasting a transaction manually isn’t rocket science but not to be taken lightly either, especially for the average user.
How Does It Work?
Offline mode provides a simple way to sign transactions offline and broadcast them from a separate device. WavesFX signs a transaction and generates a small HTML file that can then be opened on a different device. All it takes from there is a click to broadcast the transaction as demonstrated below:
Step 1: Log into Offline Mode
Step 2: Create Transaction
Step 3: Sign Transaction
After completing the above steps, WavesFX signs the transaction and generates a small HTML file.
The file contains:
- Signed transaction
- Small script to send the transaction to an endpoint / a node which then broadcasts the transaction to the network.
This HTML file is designed to be simple, so that even beginners can understand how to use it. The generated HTML file can be opened in any browser. By clicking the Broadcast Transaction button, the transaction will be sent to an endpoint and results will be shown below.
Step 4: Broadcast Transaction
To check out the WavesFX wallet, the sources and binaries for Windows, macOS, and Linux are available on GitHub.