KnC Wallet
KnC Wallet strives to be an easy way to send bitcoins
to your friends and family. It features an online directory so that you can
start sending coins to your contacts right away, without knowing their bitcoin
address.Control over your money:-
This wallet gives you full control over your bitcoins.
This means no third party can freeze or lose your funds. You are however still
responsible for securing and backing up your wallet.
Decentralized:-
This wallet connects to the Bitcoin network. This means
very little trust in third parties is required when verifying payments.
However, it is not as secure as a full node like Bitcoin Core.
Good transparency:-
The developers of this wallet publish the source code
for the client. This means any developer in the world can audit the code.
However, you still need to trust developers of this wallet when installing or
updating the final software because it was not built deterministically like
Bitcoin Core.
Secure environment:-
This wallet is loaded on mobiles where apps are usually
isolated. This provides a good protection against malware, although mobiles are
usually easier to steal or lose. Encrypting your mobile and backing up your
wallet can reduce that risk.
Weak privacy:-
Allows spying on your payments:
This wallet makes it easy for anyone to spy on your
balance and payments because it reuses the same addresses.
Discloses information to a third party:
This service can associate your payments together, log
your IP address and know your real identity if you provide personal information
like your email, name or banking account.
Tor not supported:
This wallet does not let you use Tor to prevent
attackers or Internet service providers from associating your payments with
your IP address.
