The GLX Wallet is a multiwallet that can manage and trade among a multiplicity of different blockchain coins. The coin exchange uses “atomic swaps”, which means the coins are exchanged peer-to-peer.
The wallet’s technology is based on a method known as Simplified Payment Verification (SPV) security which was described in section 8 of Satoshi Nakamoto’s original whitepaper – Bitcoin: A Peer-to-Peer Electronic Cash System. The SPV method relies on a service called Electrum to retrieve blockchain data. The GLX Wallet also requires the Electrum proxy service to connect to Electrum servers.
The GLX Wallet is live in Beta but is still under development. It is safe to use, but you should make proper backups. We do not recommend using it as the primarily wallet for your cryptocurrencies. When completed it will contain additional tools like integration with the GLX Exchange, a decentralized liquid exchange for cryptocurrencies and a PAX, a pegged asset exchange for fiat currency tokens.