EOSEOS is the native cryptocurrency of the EOS.IO blockchain protocol. EOS powers the EOS.IO platform, allowing it to function as an ecosystem for decentralized applications (dApps). Unlike other blockchains, EOS is maintained by a total of 21 block producers, who are responsible for ensuring the integrity of the blockchain and verifying transactions.
EOS is developed by Block.One and was first released in January 2018, and is based on the idea released in the project whitepaper the year prior. Since then, there have been over 500 dApps developed within the EOS ecosystem, leading to a massive influx of new EOS users.
The protocol mimics the attributes of a physical computer like CPU, GPU, RAM, and Storage. The protocol further distributes this computing power among EOS cryptocurrency holders, and can be further bought or sold on the open market if additional resources are needed.
One of the unique resulting features of this approach is the elimination of transaction fees while greatly increasing the throughput of the underlying network — making EOS one of the highest throughput blockchains in operation.
To better aid the widescale adoption of the EOS and to increase the userbase of its numerous dApps in its ecosystem, there needs to be a way for the average user to easily access, safely store and transact with EOS. Currently, one of the best ways to do this is through an EOS wallet for Android.
Thus, in this article, we will explore the top 3 EOS wallets for Android and discuss their standout features.
My EOS Wallet
My EOS Wallet is developed by Attic Lab— a top rated EOS block producer based in Ukraine. The wallet was released and it was released on Google’s Play Store in early 2019, and has so far garnered an excellent reputation among its users.
This Android wallet for EOS supports all the essential functions that a fully featured EOS wallet should have. Some of its basic features including voting for block producers, staking and unstaking CPU & NET, buying and selling RAM, and adding multiple accounts to a single wallet.
In order to register a new EOS, BOS or TELOS wallet, users need 4KB RAM and 0.2 EOS delegated for CPU & NET. To make it easy and accessible for everyone to get their account, Attic lab is sponsoring the initial requirement for account creation by distributing promo codes in their telegram support channel.
- Easy import and export of private keys.
- Built-in dApp browser and voting system.
- Password protected private keys with encryption.
EOS Lynx is the first EOS wallet that was designed for everyday use and was introduced on the Google Play Store back in August 2018. It is built by Needly — a consumer application developer backed by App Coalition, a well-recognized EOS block producer.
Although it has all the essentials like a PIN lock and password protection, EOS Lynx does lack some of those more advanced security features that crypto-users, in general, have grown accustomed to. For example, it does not have any 2FA checks, and currently does not support fingerprint payments.
Users can easily import their EOS wallets with a private key, but when it comes to registering new accounts, users will need to pay a nominal fee just over $1.1 from their Google Play account, to cover the cost of wallet resources.
- Support for fingerprint-based encryption/decryption of private keys.
- Built-in dApp browser and easy API integration for developers
- 6 digit PIN lock
EOS REACH is an open-source barebone Android wallet for EOS built by Memtripblock. It was released on the Google Play store in October 2018. Memtripblock is another well-recognized EOS block producer that specializes in the development of open source libraries and applications.
Importing a pre-existing wallet through private key is easily doable from the login screen. However, registering a new wallet on EOS Reach is a bit more expensive compared to other wallets, with a $4 fee being charged to the user’s Google Play account.
This price tag has been the cause of many debates as many feel it is unjustified as the wallet lacks any advanced features. EOS Reach also fails to offer anything beyond its basic utility of a wallet that can send and receive payments. However, as far as wallets go, it’s simplicity does make it attractive to those looking for a minimalistic approach.
- Users can scan for airdropped tokens in their addresses.
- Stake, and delegate resources
- In-built EOS voting functionality
Overall, which EOS wallet for Android you choose will largely depend on the features you place priority on. However, if you find that none of these meet your criteria, why not consider storing your EOS on a hardware wallet, such as the Ledger Nano S?
Image credits: Descryptive, EOS Lynx, EOS Reach, EOS Wallet