USDX Wallet

USDX Wallet is a money transfer mobile app powered by blockchain technology and featuring a stable cryptocurrency, USDX. It’s targeted at a wide audience of crypto holders, allowing individuals to send and receive funds easily, clearly and without commissions. The USDX Wallet app guarantees multi-level security for all transactions and instant transfers of assets by username, phone number or QR code. The native blockchain used by the USDX Wallet is based on tried and true BitShares protocol and allows 100,000 transactions per second. As the white paper states, all USDX Wallet services are based on AWS and the Google Cloud platforms, which provide scalability and maintainability. Many of the pain points of crypto transfers are solved with this innovative system, including cryptocurrency volatility, low transaction speeds, security issues related to private keys, and excessive fees, among others. The app has two cryptocurrencies at its core: USDX token and LHT coin. The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT, which refers to Lighthouse Blockchain Technology (the company behind the app). The total supply of LHT is 1 billion coins, which is reflected in Lighthouse Block Explorer. LHT coins will be released gradually to the market; only 10% of the LHT supply will be issued each year, of which 5% will be freely tradeable and 5% will be locked on the blockchain to provide 200% collateralization. The benefit of withholding coins is encouraging confidence in LHT owners that the value won’t suddenly evaporate if the market becomes flooded. Available on Google Play and the App Store, the free USDX Wallet app has a slick design and smooth navigation. It’s so simple, even your grandma could use it, except for, perhaps, the depositing of funds step, as you need to possess at least some cryptocurrency to buy USDX Wallet’s tokens. Regarding inner system cryptocurrencies, USDX and LHT can be purchased via the native app with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dash, and many other altcoins. Right now LHT is also available on ExMarkets and ExRates crypto exchanges. The security of the USDX Wallet app is established on multiple layers. The prime security measure is asymmetric cryptography with an openly distributed public key and a private key available only to the user. Unlike many other blockchain systems, where people have to store long and complicated private keys, USDX Wallet employs an elegant scheme: The app stores the user’s private key in an encrypted form on a mobile device, so the user only needs to remember a relatively short password to decrypt this private key and perform transactions. The user’s private key is encrypted with a strong algorithm called scrypt. The scrypt algorithm places a great demand on both the amount of RAM and the processor’s performance, which makes it costly to execute attacks using conventional computers and ASICs. Startup was founded in July 2017, headquartered in Frankfurt, Germany. Have an office in Moscow, Russia. The CEO name is Andrey Peshkov, he has a huge experience in the financial sector.