The Ethereum Development team keeps on rolling out features for Continuous improvement of the ethereum platform and this has retained Ethereum in it’s No 2 spot for a very long time.
One of such news is coming from the MyCrypto team , a non-custodial Ethereum wallet that can also accept ERC20 tokens and was also founded by the co-founder of Myetherwallet. This new development enables ethereum users to schedule ethereum payment and transactions ahead of time.
MyCrypto platform also uses ethereum hardware wallets like Trezor and Metamask to integrate their wallets on the site for easier transactions. The schedule payment could be achieved when a user of any ethereum wallet connects the wallet to the MyCrypto site.
This is the first cryptocurrency wallet provider to provide such service to its users, by utilizing Chrono Logic debts smart contracts. This will ensure that a user who is willing to participate in an ICO will not be left out since the payment had been programmed to be executed at a given time.
Even business partners could use that for on time payment. The MyCrypto team stated that:
“Maybe you want to get into that latest hot ICO but you’ll be away from your computer. Maybe you want an ENS domain name and don’t want to miss the reveal period Maybe you need to pay at a certain time for a subscription. Maybe you want to send yourself a reminder in the future (though there are probably better options for this.”
Ethereum founder, Vitalik Buterin has voiced his opinion on this new feature saying it is a valuable development, in an interview with the Chrono Logic team where he stated that:
“I know there were a lot of interest in it [Ethereum alarm clock] way back when Piper created the alarm clock. It seems like something that would be very valuable.”
The founder and CEO of MyCrypto Taylor Monahan, joined Buterin position on the new development by stating that:
“I think it just opens up the possibility for a lot of things. One of them is multi-step transaction. When you have to complete a step and then you wait for something to happen, whether that is something in the real world or just like with the ENS for example.”
This has been verified to be accurate as there is no failed transaction or been sent out at the wrong time so it’s completely risk free as said by the Dev team. Ledger co-founder Nicolas Bacca loved the new development as he had this to say:
“I see how we can collaborate with a hardware wallet to make sure your transaction is scheduled properly, I mean has been scheduled at the right time.”
What do you think of this new feature in the Ethereum Blockchain, awesome or not ?