Cove, an open source mobile wallet focused on Bitcoin (BTC), is now available for iOS users in the App Store since June 11.
This purse, which encrypt private keys locally on the deviceis in the beta phase, so its developers recommend caution when operating with large amounts of Bitcoin. In addition, they ensure that the Android version will be ready “very soon.”
One of the most outstanding characteristics of Cove It is your loss system (Decoy Walletsin English) designed to protect users in coercion situations or physical threatslike a robbery under pressure.
This system allows you to configure trick pin with two specific functions, adding a protection layer that goes beyond digital safety:
- Pin Foresting: The user accesses a false purse with a minimum balance, cheating an attacker so that he believes he has accessed the real funds. Bitcoins remain hidden in the “real” Wallet.
- Deletion pin: This pin eliminates all the wallet data, ensuring that private keys cannot be recovered For an attacker.
Coin Control: Privacy in transactions
Another relevant CVE function is the Coin Controla tool that allows users Manually select the UTXO (Non -spent transaction outputs) that they wish to spend on a transaction.
The UTXO are, in essence, the “pieces” of Bitcoin that a user has on the network, the result of previous transactions. For example, if you received 0.5 BTC of one source and 0.3 BTC of another, they are recorded as separate UTXO.
With the Coin Controlusers can decide which UTXO use when sending bitcoins, which has two main benefits:
- Improved privacy: by selecting specific UTXO, users can Avoid combining funds from different origins (For example, Bitcoins bought in an exchange with KYC and Bitcoins received privately). This reduces the possibility of transactions being linked to the network, protecting user anonymity.
- Commissions optimization: Choose specific UTXO can reduce the size of a transaction in terms of data, which decreases paid rates. Using a single large utxo instead of several children can result in a cheaper transaction.
Other COVE features
According to his repository From github, Cove supports wallet hardware to send bitcoins using devices such as Coldcard, Jade or Trezor via PSBT (Partially signed bitcoin transactions).
Users may transfer these transactions partially signed through NFC technology or QR codeswhich facilitates integration with Wallets hardware for additional security.
This wallet allows you to create, import and export tags compatible with BIP-329a protocol that facilitates the synchronization of metadata between purses.
For example, a user can label a transaction as a “invoice payment” in CVE and then import it in another compatible Wallet, such as Sparrow, to maintain a coherent record. This is especially useful for accounting and transaction management in Bitcoin.
Finally, among other COVE qualities, it is possible to block with faceid or pin to protect access, as well as the possibility of connecting COVE to its own Bitcoin node, eliminating the dependence of third -party servers.
