A wallet is as old as money, and the oldest form of wallet is the ground. In the early days of human evolution, our ancestors would dig the soil and keep their money in it. This money could be a cowry, gold, silver, copper, and any other thing that can be used as means of exchange or store of value.
It means that our forefathers understand that it is important to keep their money.
At some point, people began to keep money with Goldsmith in exchange for paper that can be used for monetary transactions. This was the beginning of paper-backed currency known as fiat.
Fast forward to 2009, when Bitcoin was created, there was an instant need for a wallet where this cryptocurrency can be stored. Ever since this period, there has been 100s of crypto wallet, but none are owned by the community. Therefore, a lot of questions were asked regarding the decentralization of cryptocurrency wallets.
Introducing Tally Ho Wallet
This is a Web 3.0 wallet that is compatible with internet browsers like Chrome, Firefox, Brave, and so on. You can interact with all DeFi protocols, and send and receive cryptocurrency at any time. It works like Metamask except that it is a community-driven project that seeks to empower the users and share value with them. Unlike Metamask, Tally Ho wallet is open source and key decisions regarding its development will be made by Tally Ho DAO. In case you don't know what DAO is, it is an abbreviation of Decentralized Autonomous Organization. A kind of egalitarian society where all participants have a role to play, and when it is time to make important decisions, their voices are heard.
Isn't this the key feature of blockchain and cryptocurrency? Yes, it is. But over years, the ecosystem seems to be moving towards centralization. It is about time we do things the right way!
Is Tally Ho the Alternative to Metamask?
When it comes to money, it is normal for owners to be emotional about it because most people made a lot of legitimate sacrifices to earn income. In fact, it doesn't matter whether you are an airdropper, bounty hunter, programmer, content creator, IU/UX expert, smart contract developer, or an artist. As long as you have worked for it legally, you should take the security of your funds seriously as if your life depends on it.
Why Choose Tally Ho?
Let us assume that you created your first crypto wallet with Metamask, then you backed up your private keys. But for some strange reason, you lost your private keys. Luckily, you still have the wallet extension installed on your PC browser and you can remember your login password.
Quickly, you switch on your PC, and the moment that you launched the wallet extension, you discovered the unfortunate update. You cannot transact with your wallet no matter how hard you try. Then you contacted support, and you are informed that your country's IP has been blocked by Metamask. Because your country is having a military exercise in another country, you are no longer seen as a global citizen.
Without any notice, you got kicked in the butt by a centralized wallet service provider. You cannot send money to support your family and business associates. Your domain name on Ethereum Name Service is about to expire and you may lose it in the next 24 hours. At this point, you are unable to renew it without a crypto wallet. It is going to feel as if you are back in the dark days, and you will think of cryptocurrency as the worst thing that has ever happened to the human race. Well, this is not your fault if you have this thought at a critical point in your life. We should rather blame the Web 3.0 hypocrites.
Sounds like Metamask is a Web 2.0 company putting on Web 3.0 mask?
A Web 2.0 company should not have anything to do with the decentralized web unless they are ready to play by the rules. Web 3.0 encapsulate the promise of a free world, and the internet is made by the people for the people.
How Tally Ho Is Changing This...
Because you have to be part of every decision in the DAO, it is impossible for the Tally Ho team to wake up on Sunday morning, then make a press release that they are going to block your country's IP for any reason. The is the level of decentralized that get people excited when they hear about blockchain and cryptocurrency. Wallet features are added by the open source contributors, every code contribution is a kind of gift to the world.
Tally Ho Is Creating Win-Win Economy
Right now, Metamask is making about $1,000,000 per day through their wallet swap, and the money belongs to Consensys, the parent company of Metamask, then it is shared by their stakeholders. The deep pocket investors are rubbing it on the Web 3.0 citizens.
In contrast, Tally Ho is going to share wallet swap fees with the community members, and the barrier to entry is low. Anyone who is interested in supporting the development of Tally Ho through the Tally Ho DAO will earn the swap fee. The users, DAO members, and Delegates are the real winners and the most valuable people in the Tally Ho ecosystem. This is happening for the first time in the history of the cryptocurrency industry.
What Is The Unique Selling Point of Tally Ho DAO?
If you are tired of being taken for granted by other cryptocurrency wallet service providers, you should pay attention to things that make Tally Ho stand out from the crowd;
- Cheaper Swap Fees: When you swap your crypto with another wallet and the fee is 0.1% for instance, you are going to pay 0.05% if you are using Tally Ho. You have saved 50% of your fees. This is possible because Blocknative is used in finding the best gas estimate for you, and 0x feeds Tally Ho with information on the best exchange rate. Guess what? half of the fee goes back to the community. If the swap is earning $1m on the fee per day, then $500k is shared by the community.
This is the 3rd wonder of the crypto world.
- Browser Support: They are going to support the top 3 web browsers in terms of popularity, it is currently available to Chrome, Firefox, and Brave users. If you want the wallet to support more browsers like Safari, Opera, and so on. Join the DAO and make a proposal about it.
- Active Code Contribution: A look at the Github repository of Tally Ho shows that over 5000 commits have been made in the last few years, and 652 issues have been resolved, thanks to the 32 contributors. A lot of work is going on in the community right now.
- Security: Audited by top blockchain security auditing companies in the world, this is a reflection of how Tally Ho cares about the users and the community funds' safety. Auditors are Open Zeppelin, Least Authority, and Code Arena.
- Robust Roadmap: Soon enough, the wallet will support Polygon, Optimistic, Arbitrum, and Ledger. And users will be able to add custom RPC and Tally Ho Smart Contract will go live very soon. You can keep a tab on the roadmap here.
- Community Feature Request: Maybe you are interested in a feature and want it to be added to the wallet, you can click here to request it.
Finally
For too long, cryptocurrency users have been enduring hard slap from different wallet service providers, they have taken everything from the community, not giving back anything and they continue to take our security for granted. They are ruled by a bunch of venture capitalists and individuals with fat bank accounts. This is going to end with the emergence of Tally Ho, a community-centric and decentralized non-custodian wallet. It is safe to say this; you are welcome to the new era! Download the wallet via the website.
