Carbon Wallet

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Carbon Wallet logo

Carbon Wallet is a Bitcoin wallet for Android and iOS. Carbon Walletuses encryption and multi-signature Bitcoin technology to secure your wallet and provides out of band 2FA (payments require your secure passphrase and a signature from your phone).

Main informationEdit

  • Platforms: iOS, Android
  • Validation Type: Centralized
  • Wallet Features: 2 Factor Authentication, Hierarchical Deterministic, Multi-Signature
  • Url: https://www.cryptocompare.com/wallets/carbon-wallet/
  • Anonymity: Medium
  • Security: Third Party Encrypted
  • Coins: BTC,BTCP,BTG, ZEC,ZCL,LTC,ETH,DASH
  • Ease Of Use: Easy

Contents

DescriptionEdit

CarbonWallet Explaination

Carbon Wallet, a new service seeking to be the next great innovation in secure online wallets, is launching today. Currently, there are two major types of online wallet: server-side controlled wallets and client-side controlled wallets. In a server-side wallet (eg. CoinBase), the actual wallet is controlled by a server which independently maintains all of its’ users like a bank account, and in a client-side wallet there is an actual fully-functional Bitcoin wallet operating inside the user’s browser, and the server only holds encrypted backups of each user’s wallet – to which only the user knows the decryption key. Carbon Wallet is adding a third paradigm to this mix: the server holds no backups at all, and the wallet is instead deterministically regenerated from the user’s password each time the client loads[1].

Currently, Carbon Wallet does not let users choose their own passwords; it instead relies on twelve-word “passphrases” of the same format as Electrum wallets. If you do not want to create your own twelve-word passphrase from Electrum’s 1700-word dictionary, Carbon Wallet can create new passphrases for you; “naked goose realize except concrete attack strange tightly thorn note memory church” is one example of a passphrase that Carbon Wallet generated.

Main featuresEdit

  • No server side storage, private keys are generated from the passphrase and only exist in the memory of the browser.
  • Deterministic key generation: Write down the passphrase generated for you and it's all you need.
  • Transactions are signed locally in the browser: Your private keys are not shared with the server. You do not have to trust the server with your money.
  • Privacy: No need to register a passphrase is all that is required[2].
  • Public code hosted on Github which anyone can audit.

External linksEdit

See alsoEdit

ReferencesEdit


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