Topic: XLite: Blocknet's Multi-Asset Wallet (Read 88 times)

I know this has been mentioned here before, I'm not sure but let me foreshadowed my interest in DEXes by posting about Blocknet's XLite Wallet.

In its general sense, Blocknet is a decentralized network that connects blockchains, whether, through cross-chain Dapps or even using a protocol as a second layer to extend the blockchain functionality, Blocknet offers developers the ability to establish applications that will secure cashless transactions today and in the years to come. Supporting Blocknet's goal to interconnect different forms and types of blockchains, it has designed a lightweight and multi-asset wallet called the XLite. The XLite wallet is developed to ensure the stakeholders' coins remain secure, free from any external and third-party control.

Noteworthy Features of the XLite Wallet

1. Decentralized Security – XLite wallet comes with a secured network of decentralized services nodes with no existing centralized servers. Users have full control over the activities of their respective wallets. Not having to rely on server/s means that users can also enjoy accessing their XLite wallets anytime, without fear of system failures that might affect their ongoing transactions.

2. Multi-Asset – Blocknet's XLite wallet supports cryptocurrencies like Bitcoin, Litecoin, Blocknet, Dashcoin, Digibyte, Dogecoin, and many more. Users can easily manage all their assets within a single seed phrase, viewable on XLite wallet's main interface.

3. DEX Compatible – users can connect their XLite wallet to the Block DX decentralized exchange for trading. Block DX exchanges are powered by Blocknet. Block DX offers completely decentralized and trustless trading through cross-chain atomic swaps. Block DX also offers lower trading fees and no withdrawal fee as trades are conducted within users' wallets.
 
4. Noncustodial – as previously noted, user's private keys to their wallet stay under their supervision, not within an external or third-party server/s.
Light and Fast – XLite wallet take advantage of Blocknet's XRouter protocol, allowing its users to manage, store and trade their assets without the need to secure and download blockchain data. As defined by the Blocknet documentation, XRouter provides blockchain interoperability for the Blocknet Protocol with a communication layer consisting of an inter-blockchain SPV client backend, authorizing the verification of blockchain records without requiring users to download the full blockchain.

5. Atomic Swap Ready – no registrations, deposits, or Know-Your-Customer (KYC) is required for decentralized exchanging and trading activities within the XLite wallet. Users only need to directly connect their XLite wallet with the Block DX to start trading.

6. Handy Wallet Dashboard - XLite's user-friendly wallet provides basic interface options for users to quickly grasp the necessary information. The XLite dashboard allows its users to view their total assets, total portfolio balance, and most recent transactions in the blink of an eye.

Just a friendly reminder: If XLite does not support the assets you want to trade on the Block DX, you may consider installing the native wallets of those assets to trade them on Block DX. For more information about XLite wallet, everyone is invited to visit https://xlitewallet.com/. Everyone is also free to test and download the XLite wallet on their devices.