Toshi, a browser dedicated to Ethereum network available both on the App Store and Google Store has just rebranded into ‘Coinbase Wallet’.
Coinbase’s startup Toshi has rebranded its name. The one who posted the exciting announcement on Medium was Siddharth Coelho-Prabhu, Product Lead at Toshi. According to his statement, the rebranding is part of a “bigger effort to invest in products” aimed at changing the ideology of the decentralized web.
In the blog post, Prabhu pointed out that the company would “upgrade to Coinbase Wallet” shortly, offering the “same great product” but with a different look.
“At Coinbase, we believe that the applications of the future will be built on a decentralized internet (the blockchain). Everyone will own a crypto wallet that allows them to access decentralized applications (dapps) and that wallet will be their gateway to the open financial system,” wrote Prabhu.
The application available so far provided support for Ethereum and ERC-20 tokens. The rebranded Coinbase Wallet is set to bring new features and newly accepted cryptocurrencies, namely Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC). As a user, you will also have access to ICO Tokens, airdrops as well as cryptocurrency exchanges.
As regards the security part, Toshi reported that the new app will have the “best-in-class secure storage” that takes care of the private keys using the users’ “device’s Secure Enclave and biometric authentication technology”.
As stated in the blog post, Coinbase Wallet was designed as a full-featured app so users “explore the full universe of third-party dapps”. By rebranding the app and bringing new features to the market, both Toshi and its parent company hope to boost the adoption rate of cryptocurrencies and DApps.
Toshi was launched in 2017 by Californian cryptocurrency exchange Coinbase as the “world’s first mobile dapp browser”. Later, Toshi became known as “the first wallet to launch crypto collectibles”. The main goal when launching the product was to provide access to a large number of investors to the decentralized web and its features.
Author: Adriana Midrigan