Edge-Browser-Based “Ethereum Wallet”
Software giant company, Microsoft, is in the final stages of introducing an “Ethereum Wallet”. The tech giant has been working on the technology for a while and they expect that it will be ready for launch soon.
According to Microsoft, the digital wallet shall be an ‘Edge-based’ wallet which is a globally used web browser belonging to Microsoft.
It has been a while since Web3-based initiatives as well as digital currencies have started to merge into various software. The technologies are highly compatible with each other and their mergers will continue taking place.
On this aspect, a statistical report was also prepared by a software research company called ‘Albacore’.
The information pertaining to Microsoft introducing an “Edge-based Ethereum wallet” was hence provided by Albacore.
Albacore suggested that the software giant’s digital wallet initiative is an under-development project which would soon enter into the testing phase. They will go through all the checks pertaining to the software so they can make sure it works fine when launched into the mainnet.
As per Albacore, Microsoft’s objective is to provide Ethereum owners to avail a ‘non-custodial’ Ether hosting facility rendered through Edge browser.
Later, Microsoft also affirmed the authenticity of the news suggested by Albacore.
It said that the Ethereum wallet powered by the Edge browser is undergoing the testing phase. Microsoft also warned that since the non-custodial wallet service is in the testing stage hence users must wait for the official announcement.
According to Microsoft, even at the testing stage, Ether owners can transfer their funds into the digital wallet.
However, it clarified that if somebody opts to use the service during testing, then the risk would be that of the user. Microsoft suggested that it shall not take any responsibility in case the funds are lost during testing.
It has been further clarified by Microsoft that the proposed project was kept confidential and was supposed to be announced officially.
Microsoft further indicated that until the official announcement, the details pertaining to the project must be kept confidential.
According to Microsoft’s warning, it is abundantly clear that the project is still in its development stage. For it to be ready, the users should wait for the official launch and announcement by Microsoft.
For the time being, the test phase of the project is not meant for the general public nor should anyone try to get engage with it.
Essential Aspects of Microsoft’s “Ether Wallet”
It is entirely up to Microsoft when it would deem necessary to launch the proposed wallet for public use. However, there are some crucial aspects of the upcoming wallet which are worth noting.
For instance, Microsoft’s proposed Ethereum wallet is similar to the one launched by Metamask.
Metamask’s wallet is a purely ‘Web3’ based digital wallet which is also accessible through Microsoft’s Edge browser.
One of Microsoft’s wallet testing entities, Bleeping Computer, explained that the wallet is equipped to handle a variety of Ethereum accounts.
Bleeping Computer further suggested that wallet users can conveniently switch from and between multiple accounts at a time.
In addition, there shall be no compatibility issues with regard to interacting with existing Web3 applications in Microsoft’s wallet, claimed Microsoft.
Furthermore, the wallet shall also be equipped with an ‘inter-exchange’ system wherein ETH, USDT, DAI, USDC, and UNI can be exchanged.
According to Albacore, Microsoft is currently focusing on introducing an Ethereum-based non-custodial digital wallet on Edge browsers.
Although Bitcoin has been excluded, however, Microsoft plans to introduce a similar wallet for Bitcoin also, said Albacore.
Meanwhile, it has been further clarified by Microsoft that no such wallet of the kind is in existence right now. However, the company did not deny working on the one.
Instead, a spokesperson of Microsoft impliedly stated that the software company keeps on testing different products and features.