This article was first published on PIVX
There’s an old saying that suggests if something isn’t broke, don’t fix it. There are a lot of situations where this makes sense. However, let’s consider another old saying – the invention of the lightbulb did not come as a result of regular improvements to candlemaking. What we mean to say is that even though the technology that powers practically every core wallet today provides an acceptable level of functionality, we think it’s time for a revolution.
That’s why the members of the PIVX project are proud to announce that we are going to release a completely redesigned and re-engineered core wallet. We are no longer satisfied with making tweaks and adjustments to software that is getting close to being a decade old. Instead, we are creating something that is truly innovative and transformative. And we are the first ones to do it, too. Read on as we introduce the all-new PIVX wallet version 4.0 based on a completely re-engineered core wallet system made just for PIVX.
What are we doing?
In case you are unfamiliar, most cryptocurrencies rely on code that was originally created by Satoshi Nakamoto, the inventor of bitcoin. That same code can be found in the core wallets (more on that later) of nearly every cryptocurrency that traces its roots back to bitcoin – and that includes practically all of them that aren’t tokens on another network. That means major players like Litecoin, Dash, and PIVX all trace their origins back to Nakamoto’s original code.
In order to fully interact with these networks, one needs to run what’s known as a core wallet. Basically speaking, a core wallet is a program that downloads and maintains a complete copy of an entire blockchain. This is different from using a light wallet, an exchange, or a ...
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