Signing up, activating associated wallets, exploring the interface

Channels app is a secure multi-functional wallet with an integrated chat, that allows users to deposit, store and send their assets, both crypto and fiat. The app is an element of Exscudo ecosystem powered by EON blockchain technology.

This article describes the elements of Channels app interface, as well as the process of enabling wallets for supported assets and currencies.

Signing up and logging into Channels app

Upon your first login to a freshly installed version of Channels, you are prompted to create a new account. If you have re-installed the app (e.g. after purchasing a new device), you can recover the account.

  • To create an account, on the Welcome page, tap the Create new account button;
  • To recover an account, tap the Enter link;

  • When creating a new account, you are prompted to create a secret key by sliding your finger across a special field;

  • Once you pass this step, the app asks you to enter a phone number required to complete the process;
  • As soon as you do, a short message containing a verification code is sent. Enter the code to proceed;

  • The app then asks you for access to contacts. By allowing it, you will be able to start chatting with your friends and colleagues straight away;

  • Lastly, the app prompts you to enter a name to be displayed to your Channels contacts.

  • You will then see the previously entered name, the master EON ID and the avatar picture (if you have added one).

If you are signing into an existing account you will need to restore access from backup, which can be done either via a QR-Code or via the key itself.

Once your account is created, to log into the app you can use Touch ID or Face ID (if supported by your device). Otherwise, you need to create and enter a PIN code. To create a PIN code, tap the Wallets button upon loading the app for the first time.

It is extremely important to follow up on security procedures involved in registering a Channels wallet and maintaining its security, as well as ensuring security of the device from which it is accessed. A failure may result in loss of access to the account, or the loss of associated assets.

Background process

While the procedure above takes place, the app proceeds to register the following entities in the Exscudo ecosystem:

  • An EON ID associated with the Channels account;
  • Wallets for each of the supported asset type associated with the EON ID (e.g., a Bitcoin wallet).

This allows for the operations with the colored coins - a means by which the transactions in various assets can be seamlessly carried out both within and outside of the Exscudo ecosystem.

Enabling a new wallet, viewing wallet details and exploring the interface

Now that all of the wallets for supported assets and currencies have been registered, and are linked to the EON ID associated with the Channels account, you need to enable them to operate.

By default, it is only the EON wallet that is visible in your Wallets section. To enable a supported wallet:

  • Tap the New wallet button;
  • Choose an asset or a currency (in this scenario, it is BTC).

Once done, the BTC wallet appears on the list on the main screen. Tap the wallet to see its details.

Note that BTC will no longer be displayed as an available currency when you tap the New wallet button since only 1 wallet of each supported currency per account is available.

Now, on the main screen of the app, you see wallets in various currencies, as well as the available balance for each of the wallets, and the Total sum of assets on your balance (calculated from the sum of all of the wallets) displayed in the currency of choice.

To see details of a wallet, tap any of the enabled wallets on the list on the main screen. Once the wallet screen loads up you will, first of all, see the total available balance of the corresponding currency, for example, EON. You can also recalculate this amount into a different currency to see how much of that particular currency you have in, say, US dollars.

Below the balance you may see the buttons for the two main operations: Send and Receive, and below them - the list of transactions.

The transactions are divided into the Incoming ones (the plus mark) and the Outgoing ones (the minus mark). The transactions also have statuses (such as confirmed for completed ones, registered for transactions in progress, etc.).

Click on a transaction to see details. Clicking an incoming transaction returns:

  1. Timestamp;
  2. Status (this transaction is confirmed);
  3. Sender and recepient IDs;
  4. A blockchain explorer link to the transaction.

The details for an outgoing transaction are basically the same, apart from the Retry transaction button which is only available for outgoing transactions.

The Send and Receive buttons are active and can be tapped:

  • On the main screen;
  • On a wallet screen, provided that its balance is >0. Zero-balance wallets have the button inactive.