Last Updated on March 4, 2023 by Bitfinsider
A new self-custodial mobile wallet that will enable users to swap on layer-1 or layer-2 networks without switching blockchains has been unveiled by Uniswap Labs.
Users of the wallet will be able to look up price charts and seek for any token across numerous networks, including Ethereum, Polygon, Arbitrum, and Optimism, according to Uniswap Labs. Uniswap Labs and Trail of Bits collaborated on the assessment of the wallet to make sure it was as secure as possible. Additionally, Apple’s Secure Enclave will be used to encrypt and store on devices the seed phrases and private keys of both imported and freshly created wallets; these data are not included in device backups. Users will also be able to directly store their seed phrases with a paper copy or encrypt and store them on iCloud, according to Uniswap.
However,Uniswap Labs’ mobile wallet has encountered problems with Apple’s App Store despite having its first build approved in October. Even though other self-custody swapping wallets have been accepted, Apple rejected the final build of Uniswap’s mobile wallet just a few days before its anticipated debut in December 2022.
Uniswap Labs revealed that it addressed Apple’s worries, addressed all of its inquiries, and reaffirmed that it complied with its rules. Apple hasn’t approved the rollout yet, and Uniswap Labs is still in the dark. As a consequence, it is giving a small number of Testflight users early access while it waits for Apple to approve the launch.
As stated in its statement, Uniswap said: “Apple won’t green-light our launch and we don’t know why. We are stuck in limbo.”
The Uniswap community agreed on February 6 to deploy Uniswap v3 on the layer-2 protocol of the Boba Network on Ethereum, making the Boba Network the sixth chain to do so. A number of organizations, including GFX Laboratories, Blockchain at Michigan, Gauntlet, and ConsenSys, have supported the action.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.