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Yesterday saw the release of the latest update of the official Algorand blockchain wallet for storing ALGO tokens.
This new release introduces new features to the Algorand wallet.
As reported in the announcement, here are some features of this version, v4.0.0:
- Transaction memos. Users can now use the memo field directly from the Algorand wallet to see incoming transactions and details;
- Testnet compatibility. It is a feature designed for developers to test the system directly before executing the transaction on the mainnet, also checking the various tokens that have been created;
- UX enhancement. The graphical interface has been greatly improved, starting from the icons, the addition of tutorials and a better choice of colour palettes.
These are the functions that have been implemented for the moment, but other features are already planned for the future, such as the notification centre, the possibility to export the transaction history in a CSV file, new transaction types and dark mode.
Thus, as shown, this new Algorand wallet has a lot of features.
It’s also worth recalling that with the Algorand blockchain and its wallet, all the ALGO tokens inside it are being staked: without the user having to go through complicated procedures to generate profit from their assets, they can earn interest (just over 5%) on their crypto.
This update certainly represents an important step for the Algorand blockchain.
By the way, only last month Algorand was chosen by the insurance world to provide a valuable tool to combat fraud.