Your daily distillation of crypto news for Monday, April 1, 2019:
Keep Your Funds Safe with Invisibility
To combat issues in cryptocurrency security, MyCrypto today unveiled its Invisible Ink Paper Wallet. MyCrypto asserts that its new wallet "is the easiest and safest mechanism [for users] to securely store" cryptocurrencies and other digital assets.
CEO Taylor Monahan spoke to the benefits of MyCrypto's newest product: "With the Invisible Ink Paper Wallet, nobody can steal your funds because nobody can physically see the private key."
Further, although the wallet has been internally labeled as PEWconnect (or Paper Ethereum Wallet), the team decided to rebrand "to allow for broader cryptocurrency usage in the future." The team continued, "[L]imiting the paper wallet to Ethereum would be unfortunate."
Interested individuals can obtain their own Invisible Ink Paper Wallets.
TolkienSoft for Middle-earth Crypto Enthusiasts
Digital asset platform TokenSoft today announced its rebrand to TolkienSoft. Along with the new public image, TolkienSoft has introduced MyPrecious™, a ring-signature-based custody solution "designed from the ground up for fellowships of all sizes." The new product will initially support Dragonchain, Mithril, and Bitcoin Gold, but additional cryptocurrency integrations are expected in the future.
James Poole, TolkienSoft's chief technology officer, expressed enthusiasm for MyPrecious™. "We've built the One Ring Signature Protocol [ORSP] to rule them all," he said. "By using [the] invisibility cloaking mechanism in ORSP, your funds are even safe from the prying Eye of Suaron [sic]."
Moreover, according to the TolkienSoft team, MyPrecious™ can "easily scale with its clients' needs." Indeed, various multisig tiers come prepackaged with the custody solution, ranging from the three-key-supported Elven Edition to the much larger Dark Lord Edition.
Much Education, Wow
In other rebrand news, the Blockchain Education Network is donning a new, furry face: the Dogecoin Education Network (DEN). The education network's rebrand is accompanied by a shift in focus – the organization will only teach Dogecoin-based projects moving forward.
Additionally, for potential donors, it's important to note that the DEN will only accept donations in Dogecoin from now on.
ETHNews reached out to Dogecoin CEO Shiba Inu for comment but did not receive a response by press time.