Referencing Sahil’s Research
Wallets research
🌈 #1 Rainbow
Rainbow is a fun, simple, and secure Ethereum wallet that makes managing your assets a joy.
Strengths:
- Apple pay incorporation which makes it extremely convenient
- Smooth import process from other ETH wallets like MetaMask
- Account setup time is very little which helps new users onboard easily
- A great wallet for NFTs
- great designing team produced a good user interface which caters to different personas
- Has a built in uniswap which is a leading decentralized exchange
- Rainbow is an open source code which allows for a safety net to its users that it wont vanish suddenly like a few others did in the past
- Ability to add different wallet addresses within the same account
- Integration of WalletConnect for web3 access is helpful
- Allows the user to backup encrypted private key to iCloud
Weaknesses:
- Lack of dark mode might result in eye strain for users that indulge in trading daily
- No support android yet
- Lacks proper documentation on security protocol which could be a major concern