SovereignWallet is a messenger-style cryptocurrency wallet with banking grade security to securely stores, send, and receive cryptocurrencies through the management of private and public cryptographic keys. Users’ identities are bound to their wallet addresses to facilitate identity-based crypto purchases, transfer, and distributions. It utilizes 3rd generation Zero Knowledge end-to-end encryption to ensure that P2P and group chats remain private and secured. It serves as an efficient platform for hosting ICOs, and as an interface to DEXs for cryptocurrency exchanges and listings. Also, users can utilize the identity-based feature to send and receive cryptos like sending and receiving instant messages. It runs on the Ethereum blockchain, and its ERC-20 compatible.
Functional features include
Mobile wallet: store and transfer cryptocurrencies; banking grade security features keep your token safe; support MUI, Ethereum, Airswap, OmiseGo, Augur, Golem, Kyber-Network, Status, TenX, TrueUSD, 0x, Pundi-X, Holo and Raiden-Network-Token.
Secure chat: contents of conversation of peer-to-peer and group chats are secured and private
Transfer & remittance: select recipient from friend list, type amount and hit send to complete the transaction.
Send and buy cryptos: select send or buy to send or buy cryptos.
Security features of SovereignWallet
Key Recovery: In the event that you lost your smartphone, SovereignWallet recovers the private key of you cryptocurrency wallet. You just need to sign into your account through another smartphone to recover your private key.
Hierarchical Deterministic (HD) Key Generation: The HD enables the encoding of your private keys into mnemonic word sequence. With this feature, you do not need to constantly back up your wallet file once a new key is added.
Mnemonic Word Sequence: Mnemonic is a collection of multiple words that represent the private key in a human-friendly format. You can easily backup the entire wallet simply by remembering a single paraphrase and migrate the wallet file to another provider.
End-to-End Encryption: All messages are encrypted with encryption keys generated during chats, and chat history cannot be retrieved when a server is hacked.
Application self-protection: The chat application provides self-protection that can detect any hacking activities targeted at the operating system (OS), and keep the application and wallet safe from every threat of external hack.
WSS channel encryption: All communication between the client applications and the server are well protected. Also, your personal information is encrypted against any unprecedented or targeted leaks. This helps to ensure the security of data exchanged in SovereignWallet.