Digital coin integrations are becoming very critical in the thriving crypto verse. Ethos has been in the front line to make this work. Litecoin (LTC) and Dash Coin (DASH) are the latest additions into the Ethos Universal Wallet. This could be a game changer for the two coins in terms of adoption and easy access by the user.
Recently Ethos announced several business integrations including that of ShapeShift and Simplex. The anticipated Litecoin and Dash addition on the wallet is setting the pace for more coins coming onboard the platform.
Ethos Equation in the Crypto verse
Cryptocurrency users have had a rough time seeking for an interface that connects theme directly with various digital assets and Ethos seems to have come with a solution; the Ethos wallet. Litecoin and Dash Coin testing on the wallet is almost complete and there are high expectations that this could spur adoption and increased digital coin usage.
The Ethos wallet is one of a kind go-to-mobile application that will enable users control their digital asset portfolios from a central point. It comes with detailed and real life analytics that gives user an overview of their funds’ health. The universal wallet team has been working on the system for a while and Netherlands was the first country to adopt in in May when Ethos tweeted:
Gefeliciteerd! Congrats to the Netherlands for being the first country who will receive the Ethos Universal Wallet. Let us know which country you think will be next.”
Ethos Universal Wallet on Litecoin and Dash Testing
The ethos community has been anticipating virtual asset integration in to their ecosystem and Litecoin (LTC) and Dash Coin (DASH) tests are almost complete. While conveying the good news, Ethos has said:
“Our blockchain developers are now working in two high-performing teams, both building features end-to-end. Team A and Team B are both focused on feature enhancements which are prioritized by applying feedback from the community, with Team B working specifically on new coin integrations.”
However, not all coins meet the threshold of integration into the wallet. Several parameters have to be met. On the vetting areas, the Ethos statement makes it clear that:
“Prior to onboarding a coin or blockchain to the wallet, it must go through a vetting process. When vetting coins, factors taken into consideration include, but are not limited to: complexity of integration, market cap, and quality of the token, liquidity of the network, community demand and size of the community.”
The vetting process will set standard on which coin gets added and this will make coins willing to utilize the go to mobile interface up their development game, grow their communities and create demand for their digital assets and products. It is only after meeting the requirements that the Ethos team will be able to accept additions.
The coin standardization process is not intended to intimidate or lockout some coins but to come up with a level playing ground for all Universal Wallet participating assets. The market is already ripe for a universal solution wallet.
Why Litecoin (LTC) and Dash Coin (DASH) on Ethos Universal Wallet?
One reason why Litecoin and Dash Coin are the first coins is because they meet the vetting requirements and the beta testing is already underway. The Ethos team has confirmed the integration progress”
The first new coins lined up to make their Universal Wallet debut are Litecoin (LTC) and Dash (DASH)! We are now testing these two coins internally – placing them at 95% completion. Integration is right around the corner, and we are excited to bring the Ethos, Litecoin and Dash communities closer together.
The Litecoin (LTC) and Dash Coin (DASH) integration news on the Universal Wallet have not affected the coins’ performance but a spike is expected when 100% integration is achieved. At press time, LTC and DASH were trading on the red against the dollar at $56.52 and 138.93 after shedding 1.93% and 2.73% respectively.