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Slight inaccuracy? On transferring IOTAs to new wallet. #5

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Sayvai opened this issue Feb 16, 2018 · 0 comments
Open

Slight inaccuracy? On transferring IOTAs to new wallet. #5

Sayvai opened this issue Feb 16, 2018 · 0 comments

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@Sayvai
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Sayvai commented Feb 16, 2018

There's a written piece under the heading: "Why is UCL wallet taking so long!!??"

It will release when it’s ready. Most folks are going to be transferring their iota to it so they are making damn sure it’s bullet proof. We don’t need a parity situation to happen to iota.

The wallet from my understanding is just an interface into the Tangle. Our IOTAs are stored on the Tangle, and won't move anywhere unless we make send / receive transactions. So lets say, when you login to Trinity with your existing seed, you should already see your IOTA balance.

So really, you're not really transferring IOTAs between wallets, as that is what is implied. 🙂

The new wallets makes sending and receiving IOTAs really intuitive and far easier than the current official Light Wallet. I think it also effectively prevents any further accidental double spends / key resuse issues i think too. Finally, it provides another layer of security in accessing the Tangle to view / manage your IOTAs with 2FA.

Oh, and the heading could also be renamed from UCL to Trinity, as that is now the official name 😃

This is more of an technical accuracy nitpick. So for everyone, feel free to share your thoughts!

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