Waterhole development team is pleased to announce the GUI mobile wallet for Zcash. It came with the built-in escrow trading mechanism allows users to trade and chat in-app directly. The OTC feature will be available to existing BTC users and all future Zcash users from day 1 Zcash launched.
All trading and chatting are end-to-end encrypted and exceeds the level of Telegram technologies for privacy protections. The initial version will only support ZEC transparent transactions from/to our platform, which is exactly the same privacy-level as BTC transactions, you can check your deposit/withdraw ZEC in Zcash team official blockchain explorer or waterhole explorer for Chinese community. The open source independent mobile wallet won’t be available until official team has a SPV wallet client.
Like coinbase / localbitcoins or other exchanges, on us. Just remember to keep your password secure, that’s it. We plan to make a open source independent wallet in future once the SPV available. (There is no way to let zcash run a cellphone now, think about sending coins require 4G memory…)
That’s right for the technical requirements: how do you plan to support (financially) those kind of server ressource (high memory/cpu for each transaction) for free on the long term? There are commissions on transfers of some kind?
Yes, there will be fee for escrow in future but much lower than the existing 1% for market price from localbitcoins or bitcointalk private 3rd party escrows.
Independent code review? Fantastic service, but the day I blindly download and install software accessing private keys is the day I am told to do so by Elvis riding a Unicorn in heels
Well, yes, open source will also attract hackers but people will feel more comfortable to use an open source wallet since the way of accessing sensitive data, like key, is examined by public.
