Cash.Tech Newsletter #1: Mainnet release, roadmap update and soaring blockchain adoption.
Cryptocurrencies are going mainstream. There are now an estimated 220 million users globally and the $2 trillion market capitalization milestone looks certain to explode as the industry onboards the first billion users. Cash.Tech is positioning itself to play a major role in this evolution with our versatile and sophisticated wallet solution.
To keep our community in the loop, we are pleased to release this first edition of the Cash.Tech Newsletter. This release and subsequent ones will provide readers with a detailed breakdown of the latest developments at Cash.Tech including recent partnerships, progress updates, and upcoming ecosystem events. There is no better way to kick-off than to reiterate the Cash.Tech vision and why we are set to capture a significant market share as the industry matures.
The ultimate multi-chain wallet solution
Cash.Tech has developed a comprehensive multi-chain wallet solution with several sublime functionalities. Our vision is to remove all the complications with storing and spending cryptocurrencies by providing a single app where users can find everything they need. We believe that users can access all the possibilities of crypto while also maintaining custody of their private keys and assets.
The multi-chain world that we envisioned when we started Cash.Tech is increasingly taking shape every day. For this purpose, we are building a user-friendly interface for accessing almost all networks including the most popular ones such as Ethereum, Polygon, Binance Smart Chain, Solana, Polkadot, Avalanche, etc.
We are also not leaving any stone unturned with non-fungible tokens (NFTs) and the emerging metaverse. Cash.Tech’s wallet solution will support the secure storage of these assets and allow users to interact with them in ways that current wallet solutions do not.
The Cash.Tech wallet is already connected to the mainnet and testnet has launched for Android and iOS devices. Following the mainnet release, users can access the Ethereum, Polygon and Binance Smart Chain networks. If you haven’t done so, make sure to download the wallet from the links here and here to get first-hand experience. The mainnet launch will be announced.
Cash.Tech roadmap progress.
After a successful mainnet launch, the next feature to be integrated with the Cash.Tech wallet is one that is most frequently requested by users — NFT Display. This feature is especially important since current wallet solutions often do not allow users to view their NFT assets as anything more than tokens. The Cash.Tech team is fully aware that integrating this functionality will give us an edge over competitors and we will stop at nothing to ensure that we roll it out as soon as possible.
In line with our roadmap, we expect to have the NFT display live before the end of Q4 2021. The solution will initially launch for Ethereum-based NFTs, with support for other networks expected to be added down the line.
Meanwhile, we are also pleased to also share an update about the audit announced prior to the Cash.Tech wallet mainnet integration. The application was fully audited in line with the latest industry security standards. Cash.Tech infrastructure interacts securely with decentralized technologies and users maintain control over their private keys.
Following rigorous testing of the wallet and its technical components, no major issues were detected. Users can confidently download and use the application without any risk of exploits. We will continue to explore new ways to improve the security resilience of the wallet and roll out these improvements promptly.
Blockchain wallet adoption on the rise
If anyone ever doubted that crypto users prefer self-custodial wallets and decentralized applications, statistics from the past year have provided a resounding response. Tracking the growth in the number of blockchain addresses is one helpful metric since it captures the growing number of users creating new wallets to interact with decentralized applications.
Across the top three blockchain networks, Ethereum, Polygon Network, and Binance Smart Chain, the number of unique addresses has increased significantly. At the time of writing, there were a combined 370 million unique addresses across these chains, with Ethereum having the highest figure at over 170 million. Both Polygon Network and Binance Smart Chain recently surpassed the 100 million mark.
Ethereum continues to lead the blockchain adoption race (Source:Etherscan)
For the millions of users onboarding Web 3.0, there are currently only a handful of wallet solutions. Additionally, these existing solutions have flaws that must be addressed to onboard the next generation of users. For instance, these wallets support one or a few chains, are not user-friendly, or exclude certain assets. In the emerging multi-chain world, the most commonly used solutions will be those that unlock these limits and open up endless possibilities.
Cash.Tech is positioning itself to become a market leader by providing a one-stop wallet solution for users, including access to Web3 and diverse DeFi solutions. The Cash.Tech wallet was designed from scratch to provide a superior user-friendly experience. It offers easy access to apps on the most popular blockchain networks and will eventually allow the storage of all assets that users hold across these networks.
The recent release of the Cash.Tech wallet on the testnet was an important milestone. However, we also realize it is only the initial phase of what is to come. Beginning with the upcoming NFT Display integration, our main focus is to offer even more features, especially those that increase the utility of the CATE token. We remain committed to providing our users with the best blockchain wallet experience and will continue to keep the community updated about our efforts.
As a reminder, the Cash.Tech testnet wallet is fully functional for Android and iOS devices. Make sure to download the wallet to get first-hand experience!
