Bitcoin wallet provider Hive has officially launched a new HTML5 web wallet.
Called Hive Web, the offering boasts secure password generation and BIP32 and BIP39 support, which it says will provide end-users with better privacy and simpler backups.
The web wallet also now supports popular alternative digital currency litecoin, the first of what the company says will be more updates for the altcoin community.
Pleased to announce the launching of the Hive Web Wallet today! http://t.co/lUffYeq51k
— Hive (@hivewallet) June 24, 2014
In addition to multi-currency support, the HD wallet also includes a "waggle" feature that allows users to find local app users with whom they can complete digital currency trades. However, the development team stressed that despite such features, the app aims to be simple and user-friendly, writing:
Hive launched in September 2013 with the goal of catering to new bitcoin users, and developers have been discussing possible litecoin integration since that time.
Inside Bitcoins appearance
The announcement coincided with Hive's appearance at Inside Bitcoins Hong Kong, an ongoing digital currency conference focusing on the ecosystem's opportunities and challenges in Asia.
Today, Hive founder and Humint CEO Wendell Davis was in attendance to speak about his project for a panel discussion entitled 'Bitcoin vs Altcoins'. On 25th June, he is also expected to attend a startup pitch competition.
For more on the event, visit the website here.
Image via Hive
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.