Developements

Bitcoin wallet TxTenna: No internet connection needed

The project of TxTenna is now moving forward

The TxTenna was built using a goTenna’s SDK, which makes it a great platform for creating and delivering applications of the goTenna’s Mesh network technology.

The Mesh network company has a project called goTenna which is a decentralized communications technology that has announced that the TxTenna will now be available to the public on the Google play store.

 

TxTenna is a platform that is extremely focused on allowing truly decentralized bitcoin transactions, which will allow individuals to send bitcoins without an internet connection. The new Dapp was built by the same makers of the Samourai Wallet, the advanced and secure bitcoin wallet. It is set to leverage the goTenna’s Aspen Grove mesh protocol together with the goTenna Mesh device. The TxTenna will enhance the accessibility, privacy, and censorship-resistance tenets to have global Bitcoin Network ecosystem transactions.

Using cryptocurrencies like bitcoin has become one of the most private, secure and transformative currencies that are available. However most of the Bitcoin transactions are still being routed using traditional Internet ‘Broadcasts’ that are transferred to centralized carriers like the ISPs, that can record metadata for better transactions.

Both in Europe and The United States, there are carriers and ISPs that are consolidated into just a few major providers, who are in control of the consumers access to services. Sometimes it is also not safe for the public if it is not taken into consideration. The Network goes although other countries throughout the world, these kinds of Networks are very often under state controls and is subject to censorship, surveillance and can also be shut down if not taken proper precautions.

How TxTenna works with Cryptocurrencies

Users need to download the Samurai wallet and the TxTenna for Android devices and pair it with the  Tenna Mesh Device. After this the user will be able to create and sign transactions offline using bitcoins, the transactions will relay across the goTenna Mesh devices until the transaction is received or sent by the final online Android device.

The online gateway is required to have a node and must have the Android device that is running the TxTenna decentralized application Dapp, that is paired with a goTenna Mesh device. However, the devices that will be intermediate will not relay the nodes as it does not need to run TxTenna.

Once the online gateway node has received the confirmation of the network it will return to the information that is provided to the original bitcoin sender via the mesh network.

The Founder and CEO of goTenna, Daniela Perdomo stated that :

“Bitcoin transactions are not as private or unstoppable as many think,” said Daniel Perdomo, goTenna’s founder and CEO.” The reality is that local carriers or ISPs can associate subscribers with their transactions or censor Bitcoin transactions altogether. TxTenna provides an answer to these problems by the decentralizing the critical transport layer to enable truly decentralized bitcoin transactions.” 

The release of the goTenna can be pushed forward, this is the first of its kind emergency beacon system that is using the mesh network to create a digital safety net in case of economic disaster.

The Dapp is also now available on Android devices via the Google Play store and with iOS functionalities coming in 2019 to the system.

What are your thoughts and opinions about these developments? Please feel free to leave your comments down below.

coinmag

My occupation is the Research of blockchains and they're practical applications in the economy. I have graduated through various levels of education, including electrical technique, Business, Psychology, and innovative technologies.

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