What Is Taho? Does MetaMask Now Have a Competitor?
There’s a common degen saying that goes… “not your keys, not your coins” this saying asides its conventional use in highlighting the difference between custodial and non custodial wallets, also strikes me as one that points out the difference between Cryptocurrency (decentralization) and the Traditional finance system (centralization).
It is a popular belief that the beauty of cryptocurrency is in the fact that it gives the people power over their finances away from the traditional finance system.
However, we find that in many cryptocurrency protocols and operations, there’s a significant limitation to this belief , which has brought many like me to wonder “Are we really in control of our money or just in a different kind of centralized institution”.
Let’s take crypto wallets for instance; Looking carefully we will find that many crypto wallets are owned and run by mega corporations. Such crypto wallets can for instance “…decide to execute an update “informing” its users that their IP and token wallet addresses will now be collected when they run certain transactions”. Such. an update may ruffle some feathers and will likely be concerning for users to whom anonymity is a top priority. However such users can only either accept this decision or stop using the wallet if it’s too uncomfortable for them.
On the other hand , in a situation where a crypto wallet is truly decentralized, that is to say the wallet is truly owned and run by its users, that will not be the case, because every decision concerning the wallet and it’s users ought to be presented as a proposal. In which case, the users can weigh the risks and benefits of this update and decide whether it serves their best interest or not. Pretty cool right? Now the question is, is there such a. wallet in the cryptocurrency space?…
The answer is yes there is.
Allow to me to introduce you to…
TaHo WALLET, TaHo previously known as “Tally Ho” is a fully decentralized Community owned wallet that aligns with. the core values of web3 — ownership, Verifiability , decentralization and Transparency ,
TaHo wallet is innovative and unlike any other wallet you’ve seen before because with TaHo wallet the decision making capacity lies in the hand of its users. unlike a lot of cryptocurrency wallets that are built upon centralized corporate ownerships and are more traditional web 2 powered than decentralized.
Taho is free and provides Open Source tooling for the ecosystem. This means that users are granted the rights to use , study, alter and distribute the software and it’s source code. This feature in itself is a proof of transparency shown by the protocol, because it gives the users the ability to examine the codes of it’s software, which goes a long way to promote public trust and open doors to limitless collaborations not to mention lots of room for improvement.
WHY TAHO?
- TaHo is Secure, the project has been audited and approved by least authority, a security consulting programme reputable for its commitment to ensuring ethical business practices and the advancement of digital security.The TaHo team shares the results of this security audit performed by Least Authority on its official blog. Read more here
- TaHo upholds the value of DAO governance
- TaHo has a clear and scalable roadmap; a roadmap that is realistic and practical read here.
- You can easily connect your TaHo wallet to a ledger using the Connect to ledger feature on the application
- TaHo wallet is usable on major networks such as the Ethereum network, Polygon network etc.
- TaHo wallet is a truly community owned and operated Web3 wallet which means it strongly upholds all the core values of web3.
- TaHo wallet is very convenient to use as it is available on well-known browsers as an extension. That includes Chrome, Brave and Firefox.
- In Taho there are smooth in-swap features which enable you to directly swap assets inside the wallet via decentralized markets at low fees.
WHAT CAN ONE DO WITH TAHO?
I pretty much mentioned quite a few already but there’s more, with TaHo wallet you can undertake a wide range of transactions , encompassing many transactions you can do with MetaMask , these include but are not limited to;
- Connecting your wallet to Ledger(cold wallet)
- Importing already existing wallets, whether using a twelve-worded seed phrase or Twenty-four worded seed phrase.
- Ability to access a wallet in a “read-only mode”, which means you can use the features of TaHo wallet without signing any transaction.
- Switching between different networks including Arbitrium one, BNB etc
- Easy and hitch free swapping experience.
HOW DO I GET STARTED WITH TAHO?
- Go to Taho.xyz
You’ll be brought to this download page. Click on the download icon highlighted in the picture above.
On clicking download you’ll be brought to the page in the image above. Click on the “Add to Chrome” icon as highlighted in the image
You’ll see this drop down box on your screen ,then click on. Add to extension.
After that you’ll be directed to the TaHo wallet interface. If you previously have an already existing wallet ,you can import it using the seed phrase but if you don’t Click on “Create new wallet” as highlighted above…
Next you’ll be given a 24 worded seed phrase which you are to write down and save carefully.
An extra security measures is put in place by the system to ensure that you have saved your seed phrase properly.
Finally you’ll see this page saying welcome to TAHO and urging you to put TAHO as your automatic browser and extension.
Once you follow the instructions you’ll be able to see the TAHO icon/extension on the top right corner of your screen like in the picture above, from which you can easily access and explore your TAHO wallet.
Conclusion
A wallet such as TaHo is a wallet that web 3 needs, a wallet with a community that has pledged to uphold the values of web 3. A wallet that is truly for the people as the proceedings and revenue generated from the operation of this wallet is set to be given back to its community.
The Open source tooling of TaHo is also a significant assurance of continuous growth and longevity of this protocol.
Notable links
Taho twitter:
Taho discord:
Github repository:
https://github.com/tahowallet/
Blog:
How to sign community pledge: