Bitamp launches open-source Bitcoin wallet 🚨 This article is 5 years old...
Bitamp launches open-source Bitcoin wallet
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Bitamp, an easy to use client-side open-source Bitcoin wallet, has recently launched its flagship product, a wallet that can send and receive BTC from anywhere, on any device. One can log in with their seed and private key or create a new wallet by recording a 12-word seed on the Company’s website.
BitAmp’s Technology
Bitamp is a web-based wallet permitting users to access their Bitcoin without running a full node or downloading any software or apps. The company’s code is open-source and the product is free for everyone. User donations will help fund future development with the product released under an MIT license. Users can access any of their Bitcoin wallets for which they have private keys or seed phrases instantly through the Bitamp website. For example, users can access other wallets previously created on platforms such as Electrum or Mycelium.
Bitamp is built using the latest technology and security practices available. Users’ seed and/or private keys are never transmitted, stored, or saved, leaving users in full control of their Bitcoin. No email or personal KYC information is required to create a Bitcoin wallet account. In addition, Bitamp also allows users to access wallets they may have created with seed phrases from companies such as Electrum, Mycelium, Blockchain.com, Trezor, Ledger, etc. directly on the site.
The Company website points out that custodial wallets and exchanges do not allow users to access their own private keys, putting users’ financial independence in jeopardy, especially if these entities become hacked, dissolved, or insolvent.
BitAmp’s Future Developments
BitAmp’s website is available currently in English but the team will approach expansion with a global mindset. The Bitamp team’s belief that Bitcoin does not have borders will motivate the company’s future translation of the website into 11 more languages including German, Spanish, Portuguese, French, Russian, Italian, Korean, Japanese, etc.
Bitamp’s open-source nature allows any community members to independently verify and comment on the company’s source code on GitHub. The company will use community feedback and bug reports to inform future roadmap developments. The Company’s Term of Services states that no matter how future product developments progress, users will have access to rights including accessibility, rectification, restriction, portability, and objection.
Disclosure: This is a sponsored post by Bitamp.
