Tron Wallet Released for Android, iOS, Company Reveals Stake In BitTorrent Founder’s Chia Network

The Tron Wallet has reportedly been approved by Apple and is now available on its App Store.

According to an official Medium post by the Tron team, the wallet’s development began “with a strong drive to build and validate [its]app” for both the Android and iOS operating systems.

While Tron’s developers noted that they experienced some challenges during the development of the iOS version of the Tron Wallet, they claim that its app is a “carbon copy” of the latest Android version that supports multiple accounts and also provides an address book to its users.

“Minimalist Design”, “Too Cluttered For Non-Technical People”

Tron Wallet’s Github page describes it as “a decentralized [peer-to-peer] P2P crypto wallet” for TRON (TRX). So far, the Apple iOS version of the crypto wallet has received positive reviews with one reviewer (username: terenas) commenting that it has a sleek “minimalist design” and a useful multi-wallet feature. Meanwhile, user Aeiou430 wrote that “the wallet is easy to use, voting is simple and [you’re] finally connected to the Tron Network.”

Although it might be too early to assess the overall usability of Tron wallet’s iOS version, its Android release has received some negative reviews. A user named Wayne Modz wrote that the Android version of the wallet is “too cluttered for non-technical people”, and another user, Anil Ragam, claimed he had deposited 1 Bitcoin (BTC) in the wallet, “but [it displayed an error message]saying invalid bitcoin address when [he]was sending to [another BTC address].”

Presumably, these issues will be resolved as Tron’s developers continue to release updates for the Tron Wallet. It’s also worth noting that this new open-source crypto wallet has been released at a time when the Tron team has also revealed that it owns a small stake in the Chia Network.

“Small Stake” In Bitorrent Founder’s Chia Network

The Chia Network is based on a cryptocurrency protocol developed by BitTorrent founder Bram Cohen, who recently left BitTorrent Inc., soon after it was acquired by Justin Sun’s Tron blockchain startup.

According to Chia’s official website, the crypto platform features “a pre-launch digital currency and blockchain” in which its network participants “farm” (or mine) Chia coins by allocating “unused [disk]storage space.”

The stated goal of this new type of consensus mechanism is “to prevent wasting massive amounts of electricity [as is the case with proof-of-work based networks]to secure a blockchain and lessen mining centralization.”

Documents reportedly shared with Coindesk note that Tron’s stake in the Chia Network includes a “full release” of part of the crypto’s intellectual property (IP) in exchange for a future agreement to invest up to $50,000 in the company.

Commenting on the deal, a Chia Network representative said:

“There has been no license or assignment of rights from BitTorrent to Bram [Cohen] or Chia. All software and related intellectual property rights used internally or distributed by Chia was either developed by Chia employees or contractors, licensed from third parties or was available in the public domain. Chia has committed to open source.”

It is still unclear at the moment what exactly Tron’s stake in the Chia Network will actually include. Both parties are also yet to  comment further regarding their agreement.