A non-custodian Ethereum wallet, called MyCrypto and created by one of MyEtherWallet's founders, has obtained a new feature, enabling users to specify the departure time of transaction in advance.
MyCrypto is an open source wallet with a structure, similar to MyEtherWallet's. Users can connect their hardware wallets to it, such as Trezor and other non-custodian wallets (MetaMask, etc.) for more convenient use of available wallets. Users of Ethereum wallets can connect them to MyCrypto to send transactions in a pre-set time.
MyCrypto is the first wallet-platform, providing a transaction planning on the basis of Chrono Logic debt smart contracts. Users can pre-assign transactions and send them through the primary Ethereum network. Due to this feature, Ethereum users get a possibility to transfer their funds to ICO addresses, pay subscriptions or bills in an appointment time.
MyCrypto team announced:
"You may probably want to take part in the latest popular ICO, but at some point you will be away from the computer. Probably, you may want to get an ENS-domain in a short period of its issuance. You may need to pay a subscription at certain time. You may want to send myself a future reminder. To perform all these actions a new feature is designed".
Vitalik Buterin, one of the Ethereum founders, said, that transactions' planning could be a very useful feature:
"I know, that an alarm function has caused a great interest among Ethereum users. It seems to me, that transaction planning feature will be greeted quite warmly".
MyCrypto's founder and CEO, Taylor Monahan agreed with Buterin:
"I think, that this feature opens up many new possibilities such as multi-step transactions. When you are done, you will be waiting for any events in the real or virtual world."
MetaMask developer, Frankie Pangilinan noted convenience of the alarm function for subscriptions, and one of Ledger founders, Nicolas Bacca stated, that his team was going to implement a similar feature in their hardware wallet.
Smart contracts of Ethereum Alarm Clock and Chrono Logic are responsible for transactions' planning and execution. According to developers, smart contracts are being audited to eliminate risk of delayed or failed sending of transaction.