Ethereum Wallets are Enabling Transaction Scheduling, Killer Feature

Altcoin News | Crypto News | Latest News

MyCrypto, a non-custodial Ethereum and ERC20 token wallet created by the co-founder of MyEtherWallet, has integrated a feature that enables Ethereum users to schedule ETH transactions ahead of time.

On MyCrypto, an open-source wallet that is structurally similar to MyEtherWallet, users can connect hardware wallets like Trezor and other non-custodial wallets such as MetaMask to use their existing wallets on a better interface.

As such, the ETH transaction scheduling feature on MyCrypto can be used by any Ethereum wallet user by simply connecting their existing wallets with MyCrypto.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

Scheduling Transactions

MyCrypto is the first wallet platform to implement native cryptocurrency transaction scheduling by utilizing Chrono Logic’s debt smart contracts and temporal Ethereum-based innovation.

With it, Ethereum users can now send transactions ahead of time on the Ethereum mainnet, which opens up the possibility of the types of payments that simply did not exist before.

For instance, with the feature, Ethereum users can send funds to an ICO in advance to refrain from being left out of the token sale, send payments to subscriptions ahead of time, and schedule transactions to business partners or suppliers.

ethereum wallet

“Maybe you want to get into that latest hot ICO but you’ll be away from your computer. Maybe you want an ENS domain name and don’t want to miss the reveal period Maybe you need to pay at a certain time for a subscription. Maybe you want to send yourself a reminder in the future (though there are probably better options for this),” the MyCrypto team said.

THE COMPLETE IDIOTS GUIDE TO MARGIN TRADING ON BITMEX - Beginner Strategies for Generating Consistent Profits with Margin Trading on Bitmex

TOP 3 BITCOIN CASINO & SPORTSBETTING SITES OF 2018 - Looking to Have a Little Fun with Your Crypto? Check Out the Latest & Most Innovative Crypto Gaming & Sportsbetting Sites on the Web

In an interview with the Chrono Logic team, Ethereum co-creator Vitalik Buterin stated that scheduling transactions is a feature that is very valuable, as he explained:

“I know there were a lot of interest in it [Ethereum alarm clock] way back when Piper created the alarm clock. It seems like something that would be very valuable.”

Taylor Monahan, the founder and CEO of MyCrypto echoed a similar sentiment as Buterin, stating:

“I think it just opens up the possibility for a lot of things. One of them is multi-step transaction. When you have to complete a step and then you wait for something to happen, whether that is something in the real world or just like with the ENS for example.”

More Wallets Interested

MetaMask software developer Frankie Pangilinan said that alarm clocks are good for subscriptions, while Ledger co-founder Nicolas Bacca said that the team is exploring ways to implement alarm clock into hardware wallets to add the transaction scheduling feature.

“I see how we can collaborate with a hardware wallet to make sure your transaction is scheduled properly, I mean has been scheduled at the right time,” Bacca noted.

Because scheduling and execution of transactions are completed with smart contracts, and the code of the smart contracts utilized by the Ethereum Alarm Clock and Chrono Logic are audited, there exists no risk of transactions failing or being sent out at the wrong time.

Leave a Comment

Latest Crypto News

CNBC Analyst Predicts Bitcoin Price Is ‘About To Explode Due to ETF Buzz

Bitcoin Breakout ‘Only a Matter of Time’

Bolstered by stable trading volume, growing network activity, and increasing validation on Wall Street, the bitcoin price could be on the brink of a major move to the upside. eToro senior market analyst Mati Greenspan

Tether Found a New Bank, and it Might be in the Bahamas

Tether Found a New Bank, and it Might be in the Bahamas

Tether, the controversial issuer of the USDT cryptocurrency, may have found a new banking partner in the Bahamas. Tether May Have a New Bank As first reported by The Block’s Larry Cermak, Tether — whose USD-pegged cryptocurrency

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$6,519.62
0.50%
2
Ethereum
Ethereum
$207.20
0.83%
3
XRP
XRP
$0.4616
0.42%
4
Bitcoin Cash
Bitcoin Cash
$451.14
1.88%
7
Litecoin
Litecoin
$53.305
0.21%
9
Cardano
Cardano
$0.077024
0.68%
6
Stellar
Stellar
$0.2445
-0.76%
15
NEO
NEO
$16.760
0.73%
5
EOS
EOS
$5.462
1.04%
12
IOTA
IOTA
$0.5021
0.85%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World


Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK