Digital and crypto-assets - the new dawn of the global economy

HO CHI MINH, Viet Nam - Aug. 16, 2016 - PRLog -- Consequently, digital assets, meaning assets in binary format stored on digital device, have earned exponential growth recently and expanded to cover a wide range of materials, copyrights and crypto-assets - the state-of-the-art digital assets leveraging cryptography technique.

When was the last time you used Uber to book a space on the driver's car on the way to work? Did you recall last summer holiday at the whitewashed cottage in England where it only took 10 minutes for you to settle the deal with the house owner on AirBnB platform? In short, it is totally feasible to  turn those available seats and accommodation digitized and traded on a third party platform where demand meets supply at the fastest pace with little cost. On top of motion picture, audible content, digital file, the world is now under the spell of crypto-era where crypto-assets - the type of digital assets leveraging cryptography technique such as Bitcoin, Ethereum and the DAO are taking the toll to empower a whole new economy where literally everything can turn digital, transferable and tradable!

Dramatic history

Starting with a digital document, a motion picture or a music composition, digital assets have spreaded out to other industries and businesses, even covering some far-fetched concepts such as medical, education, voting, friendships, conversations and reputation at Intel Developer Forum 2013 . To elevate users' experiences with these kinds of intangible assets, cryptocurrencies and token assets - the type of digital assets leveraging cryptography technique  - are expected to turn literally everything on earth to tradables. They are empowered by the world-transforming technology of Blockchain which is, by Amazon, heralded as "the technology likely to have the greatest impact on the future of the world economy". Soon after Bitcoin - the very first cryptocurrency in history and also the "technological tour de force" entitled by Bill Gates, the crypto-sphere has come to embrace over 700 types of coins and token assets with total market cap at over 11 billion USD.

Haunting challenges

Despite their massive disruptions to human paradigm in terms of business models and economy, cryptocurrencies and token assets are now approaching the point where the protocol and blockchain gap between one crypto-asset and the other can dilute the existing virtues and induce other headaches for users when it comes to a payment and management solution across all types of crypto-assets. Although there have been a number of products developed to adopt multiple types of coins, the token assets realm seemingly remains a challenge to all crypto-sphere advocates and enthusiasts.

Sharing such vision on the upcoming hindrance to crypto-sphere development, our team at CARDANO Labo is working relentlessly on a cross-chain solution to deliver a superior and prominent experience for users when it comes to management of all types of crypto-assets. Among our headline products, as the first of its kind Alta Wallet can be regarded as one of the first wallets compatible with multiple coins, multiple assets and multiple devices. As the closed and open β version was released in June - July 2016 and earned positive feedbacks from the community, the official Alta Wallet 1.0, launched at the beginning of August 2016, has been empowered with a number of superior features that promise more prompt, more secure and more convenient user experience.

Exhilarating features

Multi-coin multi-asset and multi-platform

With Alta Wallet, users can manage multiple coins such as Bitcoin, Ethereum, Litecoin and Dogecoin easily in ONE single wallet (other types of coins will be integrated shortly). The PC version (on Windows, Linux, Mac) is now available, followed by versions on other platforms shortly.

Via cross-chain technology, Alta Wallet is expected to be one of the pioneers in accommodating both types of crypto-assets including cryptocurrencies and token assets.

Socket support and lightweight feature for lightning speed services

Alta Wallet also sets itself apart from other competing products thanks to its lightweight and socket support-empowered lightning speed services. It also combines the best features of both lightweight wallet and HD wallet, which allow hassle-free and prompt experiences for users.

Also, as an HD wallet, Alta Wallet allows you to quickly restore your assets through a 12-word passphrase in case your wallet is lost or the application is removed/uninstalled from storage device.

Strengthened features and security

With additional functions of registering remittance address, Alta Wallet is also improved with superior user privacy as all transaction details are not disclosed to third parties. Moreover, users can easily review the communication speed limit of the network and built-in converter between cryptocurrencies and hard currencies such as JPY or USD.

Future perspectives

In the future, users will be able to own, process transactions or exchange among cryptocurrencies as well as tokens circulated in the market on various platforms.

To round up users' experiences with Alta Wallet, we will soon introduce our marketplace. Using Alta Wallet combined with our marketplace, in the future, will enable users to purchase goods and services at ease whenever they are.

Alta Wallet Snapshot

Compatible devices: PC (Windows, Mac, Linux). Mobile version will be introduced shortly.

Compatible coins: Bitcoin, Ethereum, Litecoin, Dogecoin

Fee: totally free (fee applies only when remittance is processed)

Official site: https://altaapps.io/wallet/

About CARDANO Labo Vietnam Co., Ltd.

CARDANO Labo is the leading blockchain research and development startup focusing on blockchain-empowered entertainment and gaming products. CARDANO Labo is based in Vietnam – one of the leading IT markets in the region as we aspire to become the front running blockchain and gaming powerhouse in Asia