Breeze Wallet made bitcoin
Breeze Wallet made bitcoin transaction anonymity technology more accessible for ordinary users
Among the many platforms for developing decentralized blockchain applications, Stratis technology deserves a special place. Considering B2B-segment organizations who want to conduct transactions privately and safely in Stratis and Bitcoin networks as their target audience, the developers of the British startup also created Breeze Wallet - a desktop wallet, the main feature of which was the integration of the TumbleBit coin mixing service.
TumbleBit is an add-on on top of Bitcoin that gives users the ability to mix coins without having to trust each other or receiving wallets.
The Breeze Wallet alpha release, based on the Breeze Privacy Protocol, took place last July, after which a wallet beta was released in October of that year. At the same time, the Stratis team promised that the public release would take place in the fourth quarter of 2018, however, the necessary work was done faster than anticipated, and the main protocol network was launched on August 1.
Breeze Wallet is available for Windows, Mac OS X and Ubuntu, when installing it, you must go through the standard procedure for generating a private key, as well as create your own password. Inside the user he meets a minimalist design and a user-friendly interface with support for two base currencies: BTC and STRAT.
In addition to TumbleBit, the wallet works with the Masternode Client Discovery protocol, which is used to detect and validate Bitcoin or Stratis blockchains, as well as their connection with the Stratis masternode. This process is completely decentralized and runs in a non-trusted environment, making it less vulnerable to network outages.
Breeze Wallet users can "mess up" transactions, that is, give them a disguised appearance. This is primarily intended for organizations or individuals who want to carry out financial transactions that are not trackable to the public. For example, we can talk about regularly accepting payments from customers or paying bills from suppliers, which can be considered commercially important information that often needs to be hidden.
The wallet can also be used to connect to the Stratis masternode, thereby providing additional transaction protection. This is helped by the TumbleBit technology mentioned above, which provides anonymity, allowing multiple users to use the same payment channels. These channels are protected by cryptographic puzzles that restrict unauthorized access to the information contained therein.
In the course of testing Breeze Wallet, however, it turned out that the mixing function using Tumblebit may not always be available (at least at this stage). So, when trying to go into the privacy settings and synchronize the wallet, several times an error message appeared due to the insufficient number of registered nodes.
Messages on Reddit confirm that this is not an isolated problem. It is hoped that the number of necessary nodes will soon prove to be sufficient for mixing coins, although the high price to launch them (250,000 STRAT and 5 BTC) may complicate this process.
Stratis Tasks and Roadmap
Founded in August 2016, the project positions itself as a blockchain-as-a-service (BAAS) platform focused on the corporate sector and designed to simplify the development, testing and deployment of C # applications on the .NET framework.
In June 2017, the Stratis platform was integrated into the Microsoft Azure cloud service. As the startup hopes, the platform will become a kind of single window service, providing various services related to blockchain technology and the creation of decentralized applications. Stratis also offers the opportunity to conduct an ICO, and there are already projects that have chosen this platform for their campaigns: the software company from Silicon Valley Gluon was the first to announce it, later another California company Beyond Global Trade followed suit.
It is worth noting that in most cases the project team goes even slightly ahead of the plan outlined at the beginning of the year, having completed all the tasks set for the first two quarters. So, in May, the alpha release of Stratis smart contracts took place, and after a while (also while in alpha mode), its own sidechain was launched.
The project also launched its own academy with the aim of educating and training the next generation of blockchain developers.
From a technical point of view, Stratis is a modified clone of Bitcoin code, which is written in C # instead of C ++. In addition to supporting sidechains and smart contracts, the Stratis blockchain is also compatible with the Segregated Witness protocol, which means that it can be further scaled.
The native coin of the Stratis platform is STRAT. In July 2016, in order to attract financing for development and marketing, its own ICO of the project was launched, as a result of which 915 BTC was raised ($ 675,000 at the exchange rate at that time). Upon completion of the ICO, 98 million STRAT tokens were distributed among investors.
The asset quickly gained recognition among exchanges and wallets, becoming available on Poloniex in a short time, and also receiving support from the Ledger hardware wallet. Investors did not stay in the loser either: the STRAT token set two price records, first rising to 0.004 BTC in early June 2017, and exceeding $ 21 in January 2018. At the same time, in August 2016, the token cost about $ 0.20.
Today, STRAT is being traded on more than 10 different exchanges, however, the general negative trend in the cryptocurrency market did not pass by either - at the beginning of August, the coin costs about $ 2 and, with a capitalization of about $ 190 million, is on the 50th place in the CoinMarketCap list.
It should be emphasized separately that since the project initially distributed all issued tokens and uses the Proof-of-Stake model as a consensus algorithm, STRAT mining is not possible.
Be that as it may, considering Stratis from a technical point of view, the project seems very interesting and promising in the long run. Whether its creators will be able to achieve their goals, only time will tell.