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