Bitcoin Wallet App Abra Supports Ethereum

Nishanth Shetty

Nishanth Shetty

November 29, 2017 8:13 am

Bitcoin Wallet App Abra Supports Ethereum | Coindelite News
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Bitcoin News

Bitcoin wallet App Abra is adding support for Ethereum, the startup has announced yesterday.

The high included the world’s second-largest cryptocurrency by market capitalization in its list of the currencies was revealed at CoinDelite’s Consensus: Invest event in New York. Bill Barhydt, founder, and former Netscape director, the Ethereum option will be available within the week, alongside the options for the bitcoin and dozens of the government-issued currencies.

 

Anyhow for Ethereum, Abra is also improving its wallet App’s storage capabilities, by allowing the users to hold the multiple currencies at a particular time.

Bill Barhydt Says:

“You can store access to Ethereum and store three different wallets at the same time, so dollars, bitcoin and Ethereum all at the same time. And we believe this is the first time this has all been possible in a non-custodial wallet.”

The wallet app maker- which came out of stealth mode in 2015 and raised a $12 million series funding round. it is also moving to add support for multi-signature transactions as well.
Abra is currently using a single signature model, through which the users sign the transactions with their associated private key. By using a “two-of-two” multi-sig wallet, both the user and the app will have to proceed any transactions before they are broadcasted.
In the next year, Abra will expand on this feature by adding a “tow-of-three” model which will be supported by a third-party Oracle that can sign the place either by the user or by Abra itself.
He added:

“It really is directly responding to consumer requests for more and better things in the Abra app, and we’re excited to give them what they want.”

 

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