$PAC to release desktop Electrum wallet

$PAC is in active development of the desktop Electrum wallet and is set to release it on April 1
24 March 2018   724

$PAC reported that the development of the Electrum wallet is coming along nicely and expects the release according to the initial schedule outlined in the whitepaper - April 1. The desktop wallet currently is a working prototype and the efforts of the team are focused on various elements of user interface to make it as user friendly as possible. As for the next step for the wallet, it would be the transfer to AWS to make it scalable.

The wallet doesn't download the blockchain using a remote server instead; it can be recovered from a secret seed; the same wallet can be used on different computers with auto-synchronization; and seed or private keys are not sent to the server - verification is performed using SPV. Another interesting feature that is characteristic to $PAC Network on general is a proposal system: proposals allow the $PAC community to vote on community projects if they deem the project is beneficial to the community.

At the moment of the publication the market indicators of PACcoin are as follows:

Average price: $0.007793
Volume (24h): $182,439

Ledger Team to Find Issue in New Nano S Software

Last update's security improvements have affected the amount of device memory
15 February 2019   114

Ledger hardware wallet developers stated that an unforeseen problem was found in software version 1.5.5 for the Nano S model. Improvements in the security context have affected the amount of device memory.

When planning for this update we didn’t anticipate the impact it would have on Ledger Nano S capacity. This was not planned obsolescence, simply put, we messed up. We apologize and we’re committed to making it right.

Ledger Team

The project team apologized for the incident and promised to fix the problem during the second quarter of 2019.

The project also announced the addition of Nano S support in the Ledger Live mobile app on Android.

Earlier, researchers at Wallet.fail discovered a number of vulnerabilities in the Trezor and Ledger hardware cryptocurrency wallets. As a result, they were able to conduct a series of successful attacks on wallets during the Chaos Communication Congress in Leipzig.