-compatible and leverages Synonym’s Slashtags protocol. Slashtags is a system that uses Bitcoin cryptographic seeds to create portable web profiles , automatically updated contacts, contact payment preferences and authentication without a password.The use of Bitcoin cryptographic seeds to enable portability is what Synonym believes will set Bitkit apart from other Bitcoin wallets.
“Bitkit isn’t a typical Bitcoin app. Anyone can now take their digital lives with them wherever they go, obsoleting Big Tech’s walled gardens and data surveillance,” said Paolo Ardoino, CSO of Synonym, in a release provided to CoinDesk. Ardino is also the chief technology officer of Tether, crypto’s biggestThe wallet app is available in limited public beta mode for both Apple and Android devices.
Synonym also announced Pear Credit, a collaboration with Tether, and Holepunch . Pear Credit is an open protocol that allows users to “issue centralized credit tokens without a blockchain,” as tweeted by John Cavarlho, CEO of Synonym. Finally, Synonym announced Blocktank Instant, a service that allows crypto exchanges to quickly onboard users to the Lightning Network by outsourcing engineering and infrastructure requirements to Synonym.
“The offering removes the need for these companies to run Lightning infrastructure or hire specialized engineers. Exchanges can rely on Synonym’s Blocktank node for instant deposits and withdrawals for their customers,” Synonym stated in the release.
Synonym_to FrederickMunawa Aren’t you surprised tooo see everyone is silent on this!!
Synonym_to FrederickMunawa Aren’t you surprised tooo see everyone is silent on this?