Recently, Publish0x announced a writing contest for a new ETH wallet they are promoting. This new ETH wallet, called "Tallyho" appears to be similar to metamask on first glance. According to Publish0x team member @igort , "Tally [Ho] is a community owned wallet" that has "lower swap fees than Metamask". The graphics on the Tally Ho website [https://tally.cash/download ] appear to depict a browser extension that serves as an ETH wallet tool. There are three {3} options for downloading this tool. Chrome, Firefox and Brave. Today we will be testing the Brave option.
The Brave option brings us to the Google Chrome store where Brave browsers are usually located. [So far so good]. I clicked on the familiar button that said "ADD TO BRAVE" and then the warning came up about Brave not verifying the extension; where I clicked on "add extension".
I should mention at this point that Tally Ho is actually open source. In my opinion, this makes it much safer for download. You can visit the Tallyho Wallet code [Github Repo] HERE - - > https://github.com/tallycash/extension . Anyone can vet the Tally Ho code, fork their own version of the project etc.
I downloaded the Tally Ho Brave browser extension. Everything works perfectly, as far as the extension showing up in the Brave browser. This is a good sign, but let's take a deeper look into the tool. We should add an ETH address to test things like sending and receiving crypto through the wallet! Is this program a "metamask killer" or a weak imitation? Let's find out!
[I will test this tool fairly and give an objective review despite this being a contest post].
When you open the app, you are greeted with several messages. I am not going to go over all the technical details of Tally Ho in this post, like the DAO. This is mostly going to be a test of the actual extension. However, I will briefly explain what a DAO is and why this makes Tally Ho different from Metamask. The word "DAO" stands for Decentralized Autonomous Organization. This is a fancy phrase which very simply means a community run project or "entity" that basically decentralizes [the funds of] a project. It often involves some type of funding mechanism for group projects that users vote for, but there are many ways to set up a DAO. This DAO was likely set up to make Tally Ho more decentralized or community based than Metamask.
The test responsibly warning is a bit strange. Publish0x is partnering with a community edition project? That is strange, but let's assume this is just a standard warning for a young project and there aren't actually many major bugs. I assure you, dear reader, that we will not hold back on reporting any bugs in this "report". The first item we are going to test is the "create new wallet" button on the main page [after the prompted messages above].
Creating a new wallet was very easy. I find the Tally Ho wallet creation process very easy and intuitive. First, I was prompted to create a password for the wallet. I used a random string from https://www.random.org/strings/ to create a strong password. Then, I was prompted to save a seed phrase that was created for me. My new wallet is now my new main page for Tally Ho! [I love this feature]. There are two main pages on the new wallet, assets and activity. There is also a send and receive option! Of course, I can also see the wallet balance in ETH and USD, which is currently $0.
The first major test I am going to do is with the Receive option. I will send myself a small ETH amount to this new Tally Ho wallet. I pressed the receive button, which revealed my new [public] ETH wallet address! 0x02d5b4d0d999eaa15af54541c45c8fa08d79d5cb
You can send a ETH tips to the above address if you appreciate THIS blog post. [Make sure to use YOUR address when you fill out details].
I assume I can link this Tally Ho address to Publish0x if they are partners. [I took a quick glance at https://www.publish0x.com/page/terms and didn't see any rules about linking wallets or asking for tips]. I have seen other people link addresses for tipping but it was nice to double check.
I sent myself some ETH from a different wallet and it worked! I now have $1.96 worth of ETH in my wallet. The display is nice and simple. I can now send, receive or swap with my ETH. Next, I decided to send myself some MATIC to my [Tally Ho] wallet to test out the Polygon network side of the wallet. The matic transfer also worked perfectly!
The next quick test I did was clicking on the "Activity" button on the wallet. This revealed my previous two transfers without a hitch! You can see the history of both of my transfers, as well as the appropriate address[es] involved. Now that we have the extension downloaded, as well as both of the major [main net] tokens loaded into my new ETH address, let us do one more major test.
One of the major selling points of the Tally Ho wallets seems to be the Swap Fees that are lower than metamask. Therefore I decided to Swap my ETH for another token! There were a lot of tokens I have never heard of because I am fairly new to ETH. I eventually found one I liked called Circuits of Value [COVAL]. The swap worked! [Make sure you give the app permissions for the site you are swapping through, this took me a while to figure out: Under "more actions" and then "this can read and change site data"].
Overall I am impressed with Tally Ho. It is well organized and I like the simple design. It lacks the advanced features of Metamask, but it has the basic send, receive and swap options on both Mainnet and Polygon. There is a DAO which I will research more, but we can assume this makes things more decentralized. The Swap fees are also lower, which is nice. I think this wallet is acceptable enough to push towards Publish0x users, they can withdraw their ETH token rewards from Publish0x to Tally Ho with ease. The Swap options also work well, I believe this could actually compete with Metamask after a few major updated versions. For now, I would use a new ETH address and test things out carefully etc. But, this extension definitely has a future! I would recommend other Publish0x users at least experiment with it.