The company known as Blockchain maintains the world’s most popular bitcoin wallet. Starting today, Blockchain users will be able to create Ethereum wallets and hold its crupto-currency ethers.
Blockchain is not a centralised exchange in the way Coinbase or Kraken are. It is simply a wallet so that you can safely story all of your cryptocurrencies. In comparison to many other services out there, Blockchain is more secure and more difficult to hack.
When creating a Blockchain wallet on a browser or using the mobile app the owners of Blockchain can’t see your balance or any of your transactions. You are able to back up your wallet to Blockchain’s servers, but you keep the keys to your wallet. This more secure method has been quite popular and as such there are now over 16 million Blockchain wallets in use today.
When purchasing bitcoins or ethers, Blockchain has partnered with exchanges to build completely seamless integrations. You can send USD, EUR or whatever else and receive bitcoins in exchange in your Blockchain wallet.
Their new Ethereum wallets operate just like bitcoin wallets. The company has partnered with the popular crypto dealing service ShapeShift so Blockchain wallet users can trade bitcoins for ethers and the same back seemelessly.
Blockchain has remained dedicated to only bitcoin wallets for a good time so adopting Ethereum is a bold and interesting move. It shows that there is unlikely be just one universal cryptocurrency ever again.