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What is Arctus?
Arctus is a client-side web based cryptocurrency wallet for storing and transmitting different cryptocurrencies. It is an open source project with no database behind it. It stores no information. All wallet private keys and passwords are held by the user. Even if the Arctus.io website is out of service, everyone can use their private key to retrieve their assets from other wallets.
Arctus is free to store, send & receive your coins! You can use our on-board Shapeshift exchange to shift your tokens but the minimum Shapeshift fees apply there (apart from miner fees).
Ease of Use
Our aim is to introduce a multicurrency wallet as one would expect. Simple, fast and intuitive! We will provide our users with an interactive assistant where it will be able to guide our users with guided video material. We are working hard towards achieving this but are also open to further suggestions! Feel free to contact us at email@example.com with your suggestions!
Arctus offers its users the ability to store and transact different cryptocurrencies, including but limited to all the major ones (Bitcoin, Ethereum, EOS..), the ability to enter your custom ERC-20 Token and finally the team is constantly adding support for more tokens!
Arctus is fully decentralized. User data are not kept anywhere, as we do not have a back-end everything happens in your browser! Even if Arctus goes down, you can still retrieve your assets!
The application is licensed under the GPL 3.0 open source license. We intended to keep the source code open to maximize our transparency and reliability! Also we are open to community suggestions so feel free to visit our Github page and look around!
How does the Username & Password work?
Our main goal of the Arctus wallet is to create the most simplistic wallet possible. As a result, we are generating a multi-currency wallet by deterministically deriving the private key(s) with a combination of your username and password locally to enable you to access your wallet from multiple computers.
Although your private key is stored within your computer, upon generation it is encrypted with a pseudo-random session key generated within the website tab. Other websites do not have access to your session key as it is kept within your session’s memory.
Where do we go from here?
Development is moving faster as our team is growing! Our next milestones are:
- Arctus tokens mining
- Arctus Tokens Airdrop
- Desktop & mobile app
- Peer-to-peer exchange,
- More tokens
- Tip providing chatbot!
Further posts will be made explaining the nature of the Arctus token, token mining, token usability & finally a rough timeline of the aforementioned deliverables! ‘Till then, find us at:
Wallet Application: https://wallet.arctus.io