Opensource browser-based crypto wallet ‘Telescope’ hasformallyproclaimedits acquisition by Bitmain TechnologiesInc. which is the world’s largest crypto mining machine manufacturer globallythatadditionallyrunsone amongstthe world’s mostextensivecrypto mining pools. The move outcomes atthis crucialtime from Bitmain are stating its increased involvementwithin theBitcoinCash [BCH]ecosystem as itcontinues to reinvent itself asoversimplymore than anASIC manufacturerpriorits planned mega-IPO inHong Kong.
The open digital crypto wallet is abrowser-embedded crypto wallet alsopermits itsusers using Google Chrome and Mozilla Firefox to send and receive BCH through a browser extension.Establishedearlier in 2018 by former IBMtechnologist‘Aaron Angert’, Telescopeadditionallyoffers support for BitPay and MoneyButton.whereasit’spresentlyoptimized for Chrome and Firefox. However, Telescope furtherplans for applyingeventually attaining full support for other leading browsersas theproject grows.
The Digital wallet’s transactionalkeysarestoredwithin theapplication’s browser extension,thentransactionsaredigitally signed by the user’s browser directly and sent to a BCH blockexplorer. Cross-browserpersonal keysareencrypted employing the blockchain, guaranteeing safe storage of user funds,just alike other standalone cryptocurrency wallets.
The company’s Lead Developer ‘Aaron Angert’ while addressing Bitmain’s acquisition of Telescope added:
“I amverypleased withwhat Telescope has beenable toachieveso farand am excited for its future withthe additionallyfacilitateand support Bitmain.We arehonored to bea partof the BitcoinCash [BCH]community, as avibrantassortmentof peoplecontributingtowardsthe eventof blockchain technologyalong with thecryptocurrencyphase.”
Head of International PR and Communications at Bitmain ‘Nishant Sharma’ while addressing ‘Telescope’ said:
“Weareverypleased withTelescopewalletand the simple butkey innovation technique that the project brings to the BitcoinCash [BCH]eco-system. Browser-embedded cryptocurrency walletsarea promising technology. The Telescope development team isdoing a fascinating workand weforestalltoworkalong withthem on the Telescope project and future BitcoinCash [BCH] related projects.”
Earlier in Aug., it was reportedthat Bitmain is sitting on BitcoinCash [BCH]reservesvaluenearly to $600 Mln, orover5%of all the17.3 Mln BCHexisting. The acquisition of Telescope comes as Bitmain’s latestbet Bitcoin Cash [BCH],oncethe corporatethrew its weight behind the faction thatturned into BCHthroughoutthe bitterly-contested bitcoin fork in the previous year.