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Home » Blog » Ambire Wallet Review: The Web3 Wallet that Speaks Human
Wallets

Ambire Wallet Review: The Web3 Wallet that Speaks Human

Cws Team
Last updated: 08/08/2022 10:58 AM
Cws Team
4 years ago
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Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Ambire Wallet Review: The Web3 Wallet that Speaks Human
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About Ambire Wallet

Founded in 2017, they create blockchain and web3 solutions in crypto asset management and host the largest payments channels network on Ethereum. Built for everyone from cryptocurrency newcomers to crypto- and DeFi-savvy users, Ambire Wallet is a completely feature some and next-level crypto wallet. It has a variety of novel features such as transaction batching, automated gas management, hardware wallet support for military-grade security, and so on.

Contents
  • About Ambire Wallet
    • Account Addresses
    • Smart Contract Wallets
    • The beauty of smart contract wallets is that they can execute programmable logic, opening a really good opportunity to solve existing problems.
      • Minimal Approvals via Batching
      • Fee Payments in Stablecoins or Any ERC20
      • Sophisticated Security Model and Account Recovery
      • Better Transaction Handling
    • Ambire Wallet
    • Ambire AdEx
    • The Following Features:
    • What we believe in
      • TECH EXCELLENCE
      • BEING HUMAN
      • RESPONSIBILITY
      • FIRE

Built for everyone from cryptocurrency newcomers to crypto- and DeFi-savvy users, Ambire Wallet is a completely feature some and next-level crypto wallet. It has a variety of novel features such as transaction batching, automated gas management, hardware wallet support for military-grade security, and so on. This wallet has a native token with the ticker symbol $WALLET, which was first publicly sold through the Huobi Primelist public sale event on Saturday, January 29, 2022, 10:00 (UTC) with a preferential 0.03 USDT price.

Ambire wallet is the next generation wallet for web3, which focuses on Defi and EVM. This is a web-based wallet, but not an extension browser wallet. Unlike Metamask, which requires installing an extension in the browser, Ambire wallet doesn’t need to install an extension, which is a potential security issue. Ambire wallet is a smart wallet that in theory can communicate with all Dapps. However, some may be incompatible due to a Bug or it was made with limitations.

Account Addresses

Also known as EOA or “externally owned address” are controlled by a private key and can hold funds and sign transactions on smart contracts. Most existing wallets provide a graphic user interface for handling account addresses.

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Smart Contract Wallets

On the other hand are multisig smart contracts that can hold funds and are controlled by signers – EOAs, hardware keys or even email addresses (more on that later).

The beauty of smart contract wallets is that they can execute programmable logic, opening a really good opportunity to solve existing problems.

Minimal Approvals via Batching

Smart contracts allow combining several transactions and broadcasting them together. For example, using a smart contract you can add the Approval transaction to the Swap transaction on a decentralized exchange, thus effectively hiding the Approval transaction and saving you time.

Fee Payments in Stablecoins or Any ERC20

Transaction fees can be paid in any token, eliminating the need for the user to have ETH (or the selected network’s native token) in their wallet.

Sophisticated Security Model and Account Recovery

Smart wallets allow multiple keys to be utilized using certain rules instead of using only a cryptographic key to secure an account . This is how smart contract wallets use email as a registration method and reduce the complexity of memorizing and storing private keys.

Better Transaction Handling

Since transactions on a smart wallet can be batched, there’s no reason for a user to have more than one pending transaction. When an Ambire user requests something else to be executed, it just gets added to the pending batch; as such, there’s effectively no nonce management and stuck transactions are eliminated.

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Ambire Wallet

The flagship product is Ambire Wallet: the first open-source EVM smart wallet that delivers a UI-focused experience while ensuring strong security. Fully non-custodial, it engages on multiple L1 and L2 networks, interacts with dApps and offers long-term value through its native WALLET token mechanism.

Ambire AdEx

Ambire AdEx is the first open-source decentralized ad platform built to serve both user privacy and transparency. AdEx introduced OUTPACE, the first Ethereum payment channels network able to process millions of micropayments.

The Following Features:

  • Hardware wallet support: Trezor, Ledger, and Grid+ Lattice1
  • Connect any dApp through WalletConnect
  • Automatic transaction fee management
  • Paying transaction fees in stablecoins
  • Dashboard that automatically displays all your assets: tokens, NFTs and deposits to DeFi protocols
  • Transaction preview: before signing a transaction, we show a human-friendly description of what it does, step by step
  • Built-in swaps and cross-chain transfers
  • Multiple EVM networks: Ethereum, Polygon, BSC, Avalanche and many more

What we believe in

TECH EXCELLENCE

Ambire is born of tech: an explorer, a discoverer of new frontiers with engineering-driven and R&D approaches.

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BEING HUMAN

Ambire is guided by connectivity, holding empathy and dialogue as keys to an engaged, vibrant community.

RESPONSIBILITY

A commitment towards all users and stakeholders, a pledge to uphold freedom, to deliver and sustain autonomy both inside and out of the organization.

FIRE

Fervent pursuit is in core code – an ardent desire and dedication towards what Ambire envisions, builds and delivers is what fuels spirit and keyboards.

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ByCws Team
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One of Coinworldstory's longest-tenured contributors, and now one of our editors, Verna has authored over 2600+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies. Verna Is team Members of 9 People
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