IOTA's Impending Trinity Desktop Wallet Launch Catalyzes Price Recovery

Recent IOTA news has seen Fujitsu executive Rolf Werner join the IOTA foundation, which contributed to positive investor sentiment, but the most interesting announcement to come from from the IOTA development team recently is the announcement of the upcoming Trinity desktop wallet launch.

IOTA developer Navin Ramachandran stated in the update that, while the app project has been hindered by a lack of standardization within coding guidelines exacerbated by a failure to communicate accurate timelines with the IOTA community, the Trinity wallet app is already in an alpha stage of testing.

While the Trinity wallet app may still be awaiting app store approval and security auditing, the Trinity desktop wallet is slated for alpha testing in the first half of April.

According to a recent Reddit post published by Trinity Core Developer Charlie Varley, hundreds of new users are now being registered to the Trinity desktop wallet testing group.

What the Trinity Wallet Launch Means for IOTA. Work on IOTA's user-friendly wallet application has been underway for several months, with a release expected at the conclusion of the security audit in 6-7 weeks time.

The cross-platform approach the IOTA team has taken in the development of the Trinity wallet app will likely speed up the progression of the Trinity desktop app shift from private alpha to public beta.

The release of both a desktop and mobile IOTA-specific wallet app is set to significantly improve investor sentiment toward the slow-moving IOTA project - the proposed app offers a number of elements that would position it as one of the most feature-rich wallets available.

In addition to standard wallet features such as seed storage and generation, the Trinity wallet also delivers multiple seeds, as well as a "Statefulness" feature that records all transactions and balances in order to overcome issues presented by IOTA's "Snapshot" function.

The Trinity wallet app incorporates a "Snapshot transition feature," which - according to Charlie Varley - involves simply confirming wallet balance when snapshots occur.

Other features offered by the Trinity wallet app include paper wallet generation, multi-language support, and QR scanning.