The Mycelium bitcoin wallet, just like any other wallet, provides a platform for users to receive and send bitcoins by use of your smartphone. But then again, it has special features like cold storage where you can store your coins in a secure place until the next transaction. It’s also well designed for master seeds, private keys and paper wallets. Take into account that it’s safe to store bitcoins in a hardware wallet or paper wallet, and hence Mycelium Technical Support serves just right.
The fact is, there is so much competition from other related cryptocurrencies and Bitcoin wallets. The competition has grown even stiffer now that there are more than one thousand altcoins and several wallets trying to get a slice of the market pie. Regardless of the competition Mycelium has made a firm ground in the industry due to its quality standard of service.
The fact is, there is so much competition from other related cryptocurrencies and Bitcoin wallets. The competition has grown even stiffer now that there are more than one thousand altcoins and several wallets trying to get a slice of the market pie. Regardless of the competition Mycelium has made a firm ground in the industry due to its quality standard of service.
However, there are certain shortfalls that it faces such lack of ‘Segwit’ in particular. This has seen it being bypassed by various other wallets such as Samourai wallet. Samourai is actually one of the prominent Bitcoin wallet firms in the markets and a real competitor to Mycelium. Anyway, plans are underway into introducing SegWit into the wallet and changes have been in made in the user interface to efficiently execute this ‘Segregation Witness’. As for now, basic implementation has already come to an end.
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