Bitcoin has become mainstream nowadays and sudden hike in its price last week brought up many things including the cryptocurrency wallet apps. There is an app that made its way to the Apple’s App Store Charts this weekend and grabs number three spot in the Finance category. Surprisingly the apps which is naming itself as MyEtherWallet.com didn't come from the real owner of the name but backed by some other developer. The app is not official and it will be quite dubious to install it.
The incident came to light after a tweet from the official account of MyEtherWallet.com saying the app doesn't belong to them and it's fake. “This is NOT US. We have file reports and emailed and reported. Would appreciate the communities assistance in getting these scamtards out of our lives” the company mentioned in a tweet and asked Apple to remove it. The app belongs to a developer name Nam Le who also have three more gaming apps on the App Store.
The app is just like any other digital wallet app that lets the customer's store their cryptocurrencies. It has almost all the features of a wallet and also assures that all the data stores on the user’s device. However, the app which is masquerading itself as someone else can't be trusted with confidential details. It is strictly advised not to download the app until Apple clarifies the matter. Recently the Coinbase app acquired the top spot in the App Store by becoming the most downloaded app in the US.
App with a crypto wallet helps the users to save their bitcoins and other cryptocurrency and manage them accordingly. A cryptocurrency wallet is a digital wallet that lets the user to send, receive and store cryptocurrency. The wallet provides two key to the user one is public and other private, the public key is the address of the wallet holder which is shareable with others. On the other hand, the private is more kind of password that gives access to the account and it should be kept confidential.
The app not only passes the Apple’s robust security check but also made it to the top chart on the App Store. The app came to the App Store last week and it costs $4.99 to the user to download. It is still a big question how the app manages to ditch the world’s sturdiest securities among all the app stores. This somewhere also denotes the power of bitcoin and how much trendy it has become in recent days. Apple may have mistakenly slipped the app into the App Store but the victims of VPN apps removal from China will not take it lightly.