Sapien Wallet Apps on Google Play

· by · in

Through our Bash Script, you will be able to see how transactions are being processed, ratings, and reviews are given and calculated as well as the overall technology that the Sapien Wallet runs on. Sapien Wallet is based on the human rating system, which is designed to stabilize relationships between people. The developers believe that using human rating will minimize the boorish behavior of strangers. Also, it will reduce the number of fraudsters, which is a huge problem in society at the moment. In principle, the ideas behind the creation of Sapien Wallet and Sapien Network are almost identical — freedom of human choice.

This is done by storing the user’s public key which can be sent to other users to receive cryptocurrency and a private key which the user can use to access and spend their own cryptocurrency. People choose to have their assets in crypto for very specific reasons, some of those reasons have been mentioned above. Remaining anonymous online is becoming more and more difficult and retaining your privacy and freedom to do what you choose with your assets is also being threatened. KYC policies may claim that they are there for the good of the people, but at what cost? This mechanism ensures the security of the user’s cryptocurrency, however, the user is required to generate a random pair of private/public keys and back them up each time they configure a new pair of addresses.

Bash Script: Light Wallet Case

https://cryptolisting.org/blog?offset=150&term= is a multicurrency blockchain wallet for secure cryptocurrency storage and fast transactions. The app supports BTC, ETH, LTC, and more than 100 other cryptocurrencies’ price tracking. As mentioned above, governments around the world are trying very hard to levy KYC policies onto crypto companies. Though their intentions may be good, such as the prevention of fraudulent activities, criminal activities, and money laundering, does this mean the use of cryptocurrencies have to suffer? Another key aspect of crypto is that you can send money to anyone with relative ease and no restriction, there isn’t a banned list of public addresses you cannot send your crypto to. However, with KYC policies, the government can put massive pressure on crypto companies to curb your freedoms with regard to transactions and ownership.

  • We have chosen to do things this way because we believe that the privacy of the user is paramount and therefore want to give the user as much confidence as possible in our product.
  • People often avoid the unknown and as mentioned above are very averse to change.
  • The developer, Sapien, indicated that the app’s privacy practices may include handling of data as described below.
  • This could be as simple as preventing transactions to certain individuals or entities to something more serious and costly such as freezing your crypto assets.
  • We argue that this centralized aspect of these ‘cryptocurrencies’ should disqualify them from being a cryptocurrency in the first place.

At the moment, an ecosystem does not exist for regular people to buy cryptocurrencies and spend it in a manner just as easily for everyday goods. According to icomaking, only 8% of American adults own crypto money in 2019, meaning the vast majority are not having access to it. Also, simply owning Bitcoin or some other crypto does not mean you can go to any coffee shop close to you and buy a cup of coffee or go to your local convenience store to buy some groceries. The point being, such an ecosystem must exist before people start using crypto payments en-masse.

App Privacy

The system is a big bank of information, displaying as many aspects of Chinese life as possible. For example, yesterday he or she helped 5 grannies and bought diapers, and today he or she ran a red light and didn’t pay for parking. In the first case, his or her rating will improve, and in the second case, his or her rating will deteriorate. It is very important not to get on the blacklist as it is almost impossible to get out of there. The idea for Sapien Wallet came long before the first beta version of the app was developed and well before Sapien Network came along.

Sapien — no one has it better than Noone

Minimalistic design and fast work is what I was missing for a cryptocurrency wallet. Thanks to Sapien Wallet for making the product for the convenience of users. Other so-called cryptocurrencies that exist today claim they can process thousands of transactions per second, such as with EOS who claim a whopping 4,000 tx/s. But dig a little deeper and you see that most, if not all, of these blockchains, are incredibly centralized, much like a bank and offer nothing more than being an intermediary for verifying your transactions.

Work on crypto

This could be as simple as preventing transactions to certain individuals or entities to something more serious and costly such as freezing your crypto assets. Cryptocurrencies were created to provide people with the freedom to do whatever they want with their own digital assets without an institution, entity or government being able to dictate what you can or cannot do with it. Crypto companies that have KYC, by definition, know who you are and therefore it becomes very easy for them to limit your freedoms on your own assets. One key aspect of cryptocurrencies that users value is the idea of privacy and anonymity. Cryptocurrencies are in theory, stored on decentralized blockchains, which are secured by miners who are indifferent to the actions and transactions users make, that are supposed to be P2P (peer to peer).

After the emergence of the Ethereum system, it is no longer necessary to create a personal crypto network. For a relatively small fee, you can take advantage of an off-the-shelf solution. Additionally, for desktop users, we also provide a browser extension that allows you to access and manage your Sapien wallet on your desktop browser. Non-custodial wallet with no registration or KYC required can be accessed on iOS, Android and Web. Officially, the goal of this system is to “build a harmonious socialist society”.

It is one of the first cryptocurrency wallets with a user rating system so it is a unique perspective project. Below is a brief explanation of how the Sapien Wallet is built and what amalgamation of different technologies are being used to provide users with the most secure and decentralized cryptocurrency light wallet possible. You can always use the Noone blockchain wallet as a multi-currency wallet for more than 1000 crypto assets or as a mono-wallet, for example – Sapien wallet to safely manage all of your Sapien token. The difference between the behavior of regular cab drivers and drivers from apps with ratings is great.