Bitcoin Armory version 0.92.1.0 by Armory Technologies Inc

Bitcoin Developers

For programmers and developers interested in asking questions, submitting tutorials, providing notices, etc. about the technical aspects of Bitcoin.
[link]

USB armory, open source flash-drive-sized computer for secure applications (including bitcoin wallet)

USB armory, open source flash-drive-sized computer for secure applications (including bitcoin wallet) submitted by CoinStig to Bitcoin [link] [comments]

Beginner's Guide to Trading Crypto. Part 11

Beginner's Guide to Trading Crypto. Part 11

Money Loves Security And So Do Cryptos: A Brief Guide Down Crypto Wallet Lane

Since time immemorial people have been keeping their money and valuables in safe places. Be they purses, clay pots full of coins buried in their backyards or treasure chests hidden in caves with piles of bones strewn around to keep unwanted visitors at bay, they means conceived for safekeeping hoarded valuables are just as creative as they are limitless.
The advent of cryptocurrencies as a new class of valuables and assets instantly spawned the need to keep them safe from the clammy hands of criminals. The logical solution was to develop wallets that would be used to keep cryptos safe. As a result, a multitude of wallets have emerged offering all kinds of added services to their users while remaining means of storage at heart.
There is a huge variety of wallets available: Coinomi, GreenAddress, Blockchain.info, Atomic, Exodus, Jaxx, Electrum, Copay, Bread, Airbitz, Armory, Mycelium, Blockchain Wallet and dozens of others, each offering their services to suit any taste.
https://preview.redd.it/tai1ax5q3u341.jpg?width=1200&format=pjpg&auto=webp&s=0a33622327c7e52eea02e77f7c843423e6aeba12

Types Of Wallets

There are several types of wallets available to users and everyone must decide for themselves which one suits their needs best.
Hardware wallets: These are the most secure and reliable wallets available, since they are not connected to the internet at all. Hardware wallets are like flash memory cards that store the user’s cryptocurrencies and access offline. A bright example is the Trezor wallet, which is deemed to be impermeable to hackers. Unless the user loses the device itself, it is safe to assume that the cryptos will stay on it indefinitely and no one will ever gain access to them.
Online, Web or Hot wallets: These are online services, or online wallets that offer to store the user’s cryptos online with direct access to the internet at any time. In essence, online wallets are online accounts in which users store their funds. The risks are very high, since exchange wallets are routinely being hacked and the cryptos stored therein stolen.
Desktop wallets: Desktop wallets are software programs that can be downloaded and installed on a PC and will only be accessible from the device they were downloaded onto. The risks are the same as with hot wallets and another added inconvenience is that loss of the device or loss of access to it means loss of all cryptos stored on it.
Mobile wallets: Mobile wallets are software programs that can be downloaded onto a mobile device, such as a phone or a tablet. There are wallets for Android and iPhones and all of them bear even greater risks than hot wallets. Since mobile devices are susceptible to theft and a variety of viruses, it is extremely risky to store cryptos on them. Though access to the cryptos without private keys is impossible, unless the user stores them on the device, loss of all cryptos with the mobile device is guaranteed.
Paper wallets: Paper wallets are offline cold storage for cryptocurrencies. This is by far the safest means of storing cryptos, which includes printing the public and private keys on a piece of paper and storing it in a safe place. The keys are printed in the form of QR codes for convenience. With paper wallets, the user has complete control over their funds and the only risk lies in losing the piece of paper with the keys.
Other types of wallets: Apart from the five main types of wallets, there were attempts at creating other types of services, such as atomic wallets using atomic swap technology and even combinations of mobile/hot/cold wallets. Despite limited success, hybrids models of wallets did not become popular.

Main Pros And Cons

When looking at wallets and their main advantages and disadvantages, it is easiest to speak of the division between cold and hot wallets.
When speaking of cold wallets, such as the Trezor Bitcoin wallet and Ledger Nano S or X, the same issue will be observed, and that is the fact that such wallets can be physically lost. Though anyone who ever finds them will never be able to gain access to the stored cryptos without the private keys (unless they are pasted on the device), loss of all cryptos on the device is guaranteed. In addition, cold wallets can be difficult to install and are inconvenient for frequent use.
https://preview.redd.it/ff2dukdx3u341.png?width=1021&format=png&auto=webp&s=f36cdc26b13f33433c5124f5e5a67c0e40f9dbf4
Hot wallets are far more susceptible to risk than their cold counterparts. Though hot storage is much faster and convenient with a wide variety of options from Coinbase to Blockchain.info, the risk of cybercrime runs high. Mobile or desktop storage is also considered to be hot storage and is also risky, if the device is damaged or destroyed.

Bitcoin Problems

Bitcoin, as the firstborn cryptocurrency, was born with a number of defects. One of the main problems of the king of cryptos is the yet unsolved scalability problem. This refers to the limit on the amount of transactions the Bitcoin network can process due to the limited size of and frequency of blocks in the Bitcoin blockchain.
Said problem poses some difficulties to all Bitcoin users and leads to what is known as backlog in the blockchain. The backlog leads to long queues of transactions in the system. With the average transaction time in the Bitcoin blockchain being around 7 transactions per second and the theoretical maximum standing at 27, it is not difficult to understand how long users of the blockchain have to wait for their transactions to pass in times of heightened demand – the time is in the hours and sometimes even days.

Bitcoin Wallets Review

Since Bitcoin is the most popular cryptocurrency on the market, it is logical to judge wallets by their support of the first cryptocurrency. As such, the following will be a brief review of some of the best and most popular Bitcoin wallets on the market.
Online Bitcoin Wallets
Online or web wallets are the most popular ones out there and the best Bitcoin wallet overall is widely considered to be Blockchain.info, which is easily accessible and convenient for everyday use with good security. As an anonymous Bitcoin wallet, Coinbase follows in the lead with its ability to store a multitude of various coins, but with the same security risks that are inherent to all hot wallets.
Android Bitcoin Wallets
Android is the most popular mobile system in the world and plays host to a number of good mobile wallets. The best Android Bitcoin wallet is widely considered to be the Electrum Bitcoin wallet with its excellent reputation, good security and convenience. Though Electrum has some occasional glitches, they are never critical. Another excellent wallet for Android is the Coinomi wallet with its support for a wide variety of cryptos and excellent user support, which even allows for restore options using special phrases. Coinomi has its issues as well, such as occasional exchange glitches, but the many pros outweigh the cons.
Bitcoin Hardware Wallets
The undisputed leaders as the best hardware wallets for Bitcoin are Ledger Nano X and S, Trezor T and Trezor One, and Keepkey. Bitcoin hardware wallets are comparable in their security, accessibility and usability. The difference is mainly in the price, which ranges from $165 for Trzeor T to $59 for the Ledger Nano S model. In fact, the Ledger Bitcoin wallet is often called the king of hardware wallets. The KeepKey Bitcoin wallet is the in the top three hardware wallets as a convenient and stylish device. Though KeepKey supports over 40 assets, it still lacks coin support.
Bitcoin Wallets For iPhone
iPhone’s iOS system is the second most popular for mobile devices in the world and has support for some good wallets as well. The best iOS Bitcoin wallet for iPhone is considered to be the Abra software, which offers credit card support for topping up crypto balances and a good user interface, which is even more oriented at exchanges. The next software is Edge, formerly known as Airbitz. The Edge wallet is best known for high security and good user-friendliness along with multi-currency support.
Bitcoin Wallets For Windows
Bitcoin wallets for PC are very popular and Windows is leading the way with some excellent offers for wallets. Atomic is by far the most advanced and the best option for Windows users as it offers Atomic swaps technology as its basis. The application offers a wide variety of operations and supports over 300 cryptocurrencies. Exodus is the second most popular choice as a desktop only wallet with support for Bitcoin and many other altcoins. Exodus offers its users a good interface and it is free for use.
Bitcoin Wallets For Mac
Since Atomic and Exodus are cross-platform wallets, they can be used on Windows and Mac. Apart from them, there are also Jaxx and Electrum, which can be used on Mac. Jaxx is a multi-currency wallet with support for around 40 cryptos and has a PIN feature. In addition, Jaxx is free for use. Electrum is one of the oldest desktop wallets and is a lightweight wallet that does not require the full blockchain to operate, meaning less storage needed for its operation. The wallet requires a PIN and is essentially a desktop bank with good security and usability. Electrum is also a Bitcoin wallet for iPad, since it can be used on mobile platforms.
Bitcoin Paper Wallet
Since storing cryptos online on exchange or hot wallets or even on devices is risky, it is oftentimes more convenient to use a simple printer to print out the keys and store them. BitAddress offers a convenient and easy to use, step by step guide to creating a paper wallet with the added benefit of sleeping in peace, known that nothing and no one will ever threaten your Bitcoins.
https://preview.redd.it/bh7wi0d64u341.png?width=600&format=png&auto=webp&s=9f7fbd269eea43ac3b8897ad470553ba8b3c730d

Checklist

When embarking on the journey of creating your first wallet, think well of which type to use. The type will depend on the priorities that stand before the user. If security is paramount, then paper or cold storage wallets are the go-to solution. If frequency of use is the name of the day, then hot wallets and their inherent risks are the best way to go.
The most frequent questions related to wallets are how to add money to a Bitcoin wallet and how to set up a Bitcoin wallet. Both questions have no single answer, as each wallet offers its own instructions on how to top up balances and how to set them up. Therefore it is recommended to study all instructions carefully prior to operation.
Either way, there is no silver bullet and some features will have to be sacrificed in deciding how to store cryptocurrencies. The one thing that is constant is the need to store Bitcoins and cryptos and make use of them.

Check us out at https://moontrader.io
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Originally posted on our blog.
submitted by MoonTrader_io to Moontrader_official [link] [comments]

The First-generation Terminal — MoonBot

The First-generation Terminal — MoonBot

Moonbot
Our team has developed and is supporting the trading terminal MoonBot which was introduced in October 3, 2017. Currently, the performance of MoonBot surpasses that of most existing trading systems as a result of its advanced functionality and the high security features designed to protect your trading activities.
Secure Connection to the Exchange
The connection from MoonBot to an Exchange is carried out using special keys that the user receives from an exchange such as Binance or Bittrex.
MoonBot connects securely to cryptocurrency trading Exchanges through two special keys which are uniquely and only known to their owner. These are the API key, and the Secret key, both of which the users receives directly from the Exchange.
The MoonBot terminal then receives data and information from the exchange’s API collected at several different access levels, including:
Public information (publicly accessible data related to trading in general):
  • charts;
  • quotes;
  • orderbook;
  • real-time executed orders.
  • Authenticated information (unique to the users and which requires authentication access using the special keys): personal account status (wallet balances);
  • user transactions (such as the details of executed trades).
After receiving the various data information from the exchange, the terminal records these data in a local database for further processing and application.
Security Systems
The MoonBot terminal provides completely private storage of all your personal data!
The MoonBot team has absolutely no access to personal data, you are the only one controlling its security and have complete control over access to your details.
The MoonBot team are not able to withdraw, nor to move, any funds from your personal Exchange account or wallet.
You can therefore safely use the terminal for trading, receiving public information from the Exchange, and should you wish to share with others, the trading data on your account.
You therefore are the only person with control and access to your Exchange wallet, and can be completely assured of the absolute security of your private funds.
Lightning-fast Execution of the Orders on the Exchange and Order Status Update
Depending on the distance of the user from the exchange servers, the delay in order execution should not exceed 1 second. Theoretically, the delay can be reduced to a minimum intangible — 10–20 ms. Below is presented a very short extract(4 seconds in total) of the MoonBot log text file with brief explanations and highlights of the key features.

The MoonBot log text file with brief explanations and highlights of the key features.

Tick Chart. Display of All Orders on the Chart
Thanks to the API connection to the exchange, the terminal receives stream data of all filled orders on the exchange as soon as they were processed by the exchange servers and immediately displays them on the chart.
Tick Chart.
Thus, the visualization of the current state of the market is provided in real time with an accuracy of tens of milliseconds and as detailed as displaying each order on the chart.

Auto Trading on Signals
Fully automatic processing and trading off Telegram signals as well as parced TradingView alerts.

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Automatic Detection of Market Conditions and Reaction to its Changes
Thanks to streaming data acquisition, the terminal monitors all available markets simultaneously, and is therefore able to react almost instantaneously as favorable trading possibilities are presented. And due to the minimal delay in the execution of orders, MoonBot responds to abnormal changes almost instantly.

Advanced Orders. Stop Loss, Take Profit, Trailing Stop
OCO orders (one cancels the other) are one of the most sought-after functions from both the Exchanges providing liquidity to the markets, and applications running on top of the exchanges. The modern Trader cannot trade without the basic “smart” functions and addons to traditional exchange orders and considers them to be the minimum necessary set in their armory.

https://preview.redd.it/3gsh12b42m931.png?width=1200&format=png&auto=webp&s=7f21bd7e7505f9bb5a95555cf355bb6f1f5efab4
Stop Loss
One of the most important tools for Traders is to be able to place orders whilst practicing safe money management in order to mitigate against losses. One of the most important safety tools is to use a Stop Loss, which is especially important in volatile, low liquidity markets.
With MoonBot, the user can set a Stop Loss threshold (either as a percentage of the order price, or as a number of price points), which their strategy can accept should the price move in the opposite direction to that expected. When this threshold value has been reached, the order will be closed automatically.
Technically, a Stop Loss can be set up in two ways: either as a stop-limit order placed directly on the exchange at the same time as the initial position is opened; or as a function controlled in real-time by the MoonBot terminal itself. Additional types of conditional Stop Loss functions include:
  1. Additional and conditional Stop Losses – these are activated by a timer, and depend on the price reached. Thus Moonbot can raise the Stop Loss to a break-even point, or can be set to move upward to follow coin growth and to achieve higher profitability.
  2. BV/SV Ratio Stop Loss — this is a measure of buying/selling pressure and depends on the ratio of the volume of coin purchases compared against sales over a given time range. For example, if the number of sales exceeds the number of purchases, then this Stop Loss would be activated
  3. V-STOP — this is a stop which depends on the volume in the orderbook, where a price and volume level is set, which if broken will activate the Stop Loss.
  4. Trailing Stop — Trailing Stop is a General Stop Loss Management Tool. This very important feature allows the Trader to maximize profit in an automatic mode by following upward price movements, until the price reverses by a preset amount. At that stage the Stop Loss is activated.
    Take Profit
The Trader can fix the profit gained as the value of an asset increases in several ways:
  • By closing the position after a predefined profit percentage has been reached.
  • By remaining in the position, and setting the Stop Loss level to break-even, or to higher profit levels.

Algorithmic Trading
At the moment, MoonBot has 13 types of strategies in-built (manual) using specific and well-proven algorithms (algorithmic trading or algo-trading).
Together these have more than 200 adjustable parameters that can be adjusted to optimize their profitability across the wide range of trending and ranging markets that occur.
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Trusted Management
MoonBot includes a successful and well-tested Trusted Management feature, in other words — Copy Trading:
  • All trade actions from the Master Terminal are repeated on the Follower’s Terminal (slave terminal).
  • The Follower’s deposit remains securely in their own personal exchange account.
  • The Trusted Management feature does not have direct access to money, or to direct trading on someone else’s account, but manages only its own Exchange orders, simultaneously broadcasting encrypted messages to Followers terminals containing all Master actions.

https://preview.redd.it/h8ak7b4g3m931.png?width=1023&format=png&auto=webp&s=caf33dad55ad6b51ed9f1e44316df9182b875eff
Trust Management is successfully implemented and used by members of our community. The statistics of those TM Traders who share their results can be reviewed on the website — stat.moon-bot.com on the RatingTM tab.
Community
During the two years of development of the MoonBot terminal, more than 30,000 copies have been registered and used by our Community of Traders.
Every day several thousand people trade cryptocurrencies using the MoonBot terminal, making daily approximately one hundred thousand manual and automatic transactions only on the leading crypto-currency exchange — Binance.
The existing community of traders is actively developing. The MoonBot project has its own active pages on popular social networks, in dedicated Telegram channels divided by topics, and also its own Trader’s forum available to subscribers.
Topics on the BitcoinTalk Forum
  • bitcointalk.org/index.php?topic=2234450.0
  • bitcointalk.org/index.php?topic=2234198.0
    Websites
  • moon-bot.com — the official site of the MoonBot.
  • forum.moon-bot.com — MoonBot forum.
  • stat.moon-bot.com — trade statistics of the community members, TOP-50.
    Telegram Groups
  • t.me/moon_bot_crypto — the main RU-chat for communication.
  • t.me/Moon_Bot_Public — main ENG chat for communication and support.
  • t.me/MoonBotSettings — RU technical support chat.
  • t.me/moon_bot_kurilka — general RU chat.
    Telegram Channel
t.me/MoonBotNews — the latest news and updates.
Social Network
www.facebook.com/MoonBotTerminal
The current Support team is actively assisting users and resolving their issues through dedicated Telegram channels.
submitted by MoonTrader_io to Moontrader_official [link] [comments]

[Help Required] Armory Wallet Not Functioning

[Help Required] Armory Wallet Not Functioning
I'm no expert in managing applications and computers in general, so I need help from you guys to fix an issue I have.
I transferred a significant amount of bitcoin to Armory wallet, and I've had trouble setting it up and getting it to go online mode. I have downloaded Bitcoin core and installed the 220gb worth of logs.
The problem is Armory is stuck in "Organizing blockchain". I've even left it there for days on end waiting for it to get completed.
What should I do to get Armory working so I can actually access my bitcoins? Thank you.

UPDATE: I tried contacting Armory at "https://www.bitcoinarmory.com/contact/", however their email address doesn't work . The "Support Portal" doesn't work, and their forum is dead.
I even tried calling them, but nobody's answering. I guess I gotta try again later...

https://preview.redd.it/chck0u6sslj21.png?width=829&format=png&auto=webp&s=4523d0734acdc2409edec7a252bab41d1ed05133
https://preview.redd.it/1qatjywanyj21.png?width=637&format=png&auto=webp&s=575a262660d56ede94b22a74665674154ed64796
submitted by PlayOf5 to Bitcoin [link] [comments]

Types of cryptocurrency wallets. Advantages and disadvantages

In order to increase the security level of your funds, you can use wallets. They have a higher level of protection in comparison with the exchanges. In this article, you will get to know about the advantages and disadvantages of wallets, get acquainted with their varieties and the most popular examples.

What is a digital wallet?

A digital wallet is a place to store your public and private keys. It consists of a private key and a public key (in our previous article you can learn more about what private and public keys are).

Hot and cold wallet

Cold wallets are a way to store funds offline. These include any tools that are not tied to the network. Cold storage eliminates the interaction of the wallet and the online network, which significantly reduces the likelihood of theft.
Advantages: Higher security. The possibility of offline storage.
Disadvantages: Poorly adapted for regular payments. May be lost with the carrier. Require backup.
Hot wallets are programs designed to store digital coins with a constant Internet connection which allows you to send cryptocurrencies anywhere.
Advantages: Great for regular and micropayments. Convenient and easy to use. Do not require physical media.
Disadvantages: Can be hacked. Always connected to the Internet. If you uninstall the program, you may lose access to your wallet forever.

Types of wallets

There are five types of digital storage that you can use.
1. Online Wallet This is a service owned by a third party. Depending on the wallet device, the keys are stored on a remote server or downloaded as an encrypted file to the user’s computer. They allow not only to open several wallets for different cryptocurrencies, but also to carry out convertible operations, trade on exchanges, calculate commissions with the help of built-in calculators, etc.
Advantages: Quick registration. Anonymity. Verification is not necessary. Ability to work with multiple cryptocurrencies.
Disadvantages: Risks inherent in cryptocurrency exchanges. There is a possibility of wallet to be hacked. Additional expenditure.
There are no reliable ways to protect funds on such platforms. Therefore, recommendations for the protection of funds are reduced to the diversification of risks, that is, working simultaneously with several wallets.
Examples of popular online wallets: HolyTransaction. The multi-currency wallet, founded in 2014, supports more than 10 of the most popular cryptocurrencies. It has an intuitive interface, Commission in comparison with other wallets. Coinbase. The wallet, created in 2012, supports bitcoin and ether. Cryprtonator. The most popular multi-currency wallet in the CIS.
2. Mobile Wallet This is a program to install on mobile gadgets. Interesting for those for whom cryptocurrency is a means of payment for goods and services. The current version of the blockchain is usually stored on the application server that provides access to updated data and does not require a large download of data to the phone.
Advantages: It can be safer than online wallets. Conveniently use on the go. Offer additional features such as QR code scanning.
Disadvantages: Unfortunately, mobile wallets are not the most secure. Therefore, it is hardly suitable for storing large amounts of funds.
Examples of popular mobile wallets: Coinomi. One of the best wallets for Android that supports more than 50 cryptocurrencies. Its advantage is the ability to enter seed-phrase, which allows you to recover wallet data. Xapo. Wallet from California company that supports Bitcoin. Access to the funds in the wallet is insured, it is possible to issue a debit card, you need to bind a mobile number.
3. Hardware wallet
This is a separate removable device like a flash drive. This method of storing keys is not very popular yet, because it is suitable only for long-term storage (it is inconvenient to trade with it). But it does not overload the computer.
Advantages: Private keys are never exposed to your computer. The hardware is immune to computer viruses. Your hardware requires you to confirm a transaction on your device (not the app on your computer) before any coins can be spent.
Disadvantages: The only downside to hardware wallets is that they cost money. However, it might be worthwhile to consider investing in a hardware wallet because they are more secure; especially if you hold a significant amount of coins.
Examples of popular hardware wallets: KeepKay. Supports 4 major cryptocurrencies. Ledger Wallet. Trezor.
4. Desktop wallet
These are the programs that you install on your computer.
Advantages: Desktop wallets store keys on your hard drive. Considered that its one of the most reliable options among offline wallets. It is a program installed on your computer, with which you can access data about your cryptocurrency account.
Disadvantages: Their disadvantage is the need for constant updating, which takes a lot of memory. Because desktop programs are divided into “thick” and “thin”. “Thick” (“heavy”) program, who are themselves from the very beginning, download whole blockchain and keep them updated. “Thin” (“light”) — download the necessary information from third-party services. Despite the fact that the file with the key remains on the computer, there is a risk that the data from the services will not be downloaded the ones that are needed.
Examples of popular mobile wallets: Exodus. Has an integrated exchange platform ShareShift supports 7 cryptocurrencies. Bitcoin Core. One of the best wallets for bitcoin, working with all operating systems. Armory. In addition to Bitcoin Core, which allows you to increase the level of storage security.
5. Paper wallet
A unique option for storing keys, which is a printout of a picture with a QR-code containing a public address and a private key. Long-term storage option for those who do not trust electronics.
Example: bitaddress.org
Each wallet has its advantages and disadvantages. Which option to choose depends on the goals.
submitted by SwapSpace_co to ethtrader [link] [comments]

Types of cryptocurrency wallets. Advantages and disadvantages

In order to increase the security level of your funds, you can use wallets. They have a higher level of protection in comparison with the exchanges. In this article, you will get to know about the advantages and disadvantages of wallets, get acquainted with their varieties and the most popular examples.

What is a digital wallet?

A digital wallet is a place to store your public and private keys. It consists of a private key and a public key (in our previous article you can learn more about what private and public keys are).

Hot and cold wallet

Cold wallets are a way to store funds offline. These include any tools that are not tied to the network. Cold storage eliminates the interaction of the wallet and the online network, which significantly reduces the likelihood of theft.
Advantages: Higher security. The possibility of offline storage.
Disadvantages: Poorly adapted for regular payments. May be lost with the carrier. Require backup.
Hot wallets are programs designed to store digital coins with a constant Internet connection which allows you to send cryptocurrencies anywhere.
Advantages: Great for regular and micropayments. Convenient and easy to use. Do not require physical media.
Disadvantages: Can be hacked. Always connected to the Internet. If you uninstall the program, you may lose access to your wallet forever.

Types of wallets

There are five types of digital storage that you can use.
1. Online Wallet This is a service owned by a third party. Depending on the wallet device, the keys are stored on a remote server or downloaded as an encrypted file to the user’s computer. They allow not only to open several wallets for different cryptocurrencies, but also to carry out convertible operations, trade on exchanges, calculate commissions with the help of built-in calculators, etc.
Advantages: Quick registration. Anonymity. Verification is not necessary. Ability to work with multiple cryptocurrencies.
Disadvantages: Risks inherent in cryptocurrency exchanges. There is a possibility of wallet to be hacked. Additional expenditure.
There are no reliable ways to protect funds on such platforms. Therefore, recommendations for the protection of funds are reduced to the diversification of risks, that is, working simultaneously with several wallets.
Examples of popular online wallets: HolyTransaction. The multi-currency wallet, founded in 2014, supports more than 10 of the most popular cryptocurrencies. It has an intuitive interface, Commission in comparison with other wallets. Coinbase. The wallet, created in 2012, supports bitcoin and ether. Cryprtonator. The most popular multi-currency wallet in the CIS.
2. Mobile Wallet This is a program to install on mobile gadgets. Interesting for those for whom cryptocurrency is a means of payment for goods and services. The current version of the blockchain is usually stored on the application server that provides access to updated data and does not require a large download of data to the phone.
Advantages: It can be safer than online wallets. Conveniently use on the go. Offer additional features such as QR code scanning.
Disadvantages: Unfortunately, mobile wallets are not the most secure. Therefore, it is hardly suitable for storing large amounts of funds.
Examples of popular mobile wallets: Coinomi. One of the best wallets for Android that supports more than 50 cryptocurrencies. Its advantage is the ability to enter seed-phrase, which allows you to recover wallet data. Xapo. Wallet from California company that supports Bitcoin. Access to the funds in the wallet is insured, it is possible to issue a debit card, you need to bind a mobile number.
3. Hardware wallet
This is a separate removable device like a flash drive. This method of storing keys is not very popular yet, because it is suitable only for long-term storage (it is inconvenient to trade with it). But it does not overload the computer.
Advantages: Private keys are never exposed to your computer. The hardware is immune to computer viruses. Your hardware requires you to confirm a transaction on your device (not the app on your computer) before any coins can be spent.
Disadvantages: The only downside to hardware wallets is that they cost money. However, it might be worthwhile to consider investing in a hardware wallet because they are more secure; especially if you hold a significant amount of coins.
Examples of popular hardware wallets: KeepKay. Supports 4 major cryptocurrencies. Ledger Wallet. Trezor.
4. Desktop wallet
These are the programs that you install on your computer.
Advantages: Desktop wallets store keys on your hard drive. Considered that its one of the most reliable options among offline wallets. It is a program installed on your computer, with which you can access data about your cryptocurrency account.
Disadvantages: Their disadvantage is the need for constant updating, which takes a lot of memory. Because desktop programs are divided into “thick” and “thin”. “Thick” (“heavy”) program, who are themselves from the very beginning, download whole blockchain and keep them updated. “Thin” (“light”) — download the necessary information from third-party services. Despite the fact that the file with the key remains on the computer, there is a risk that the data from the services will not be downloaded the ones that are needed.
Examples of popular mobile wallets: Exodus. Has an integrated exchange platform ShareShift supports 7 cryptocurrencies. Bitcoin Core. One of the best wallets for bitcoin, working with all operating systems. Armory. In addition to Bitcoin Core, which allows you to increase the level of storage security.
5. Paper wallet
A unique option for storing keys, which is a printout of a picture with a QR-code containing a public address and a private key. Long-term storage option for those who do not trust electronics.
Example: bitaddress.org
Each wallet has its advantages and disadvantages. Which option to choose depends on the goals.
submitted by SwapSpace_co to BitcoinMarkets [link] [comments]

What is a Cryptocurrency Wallet?

What is a Cryptocurrency Wallet?
Use this straightforward guide to learn what a cryptocurrency wallet is, how they work and discover which ones are the best on the market.
A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.
How do they work?
Millions of people use cryptocurrency wallets, but there is considerable misunderstanding about how they work. Unlike traditional ‘pocket’ wallets, digital wallets don’t store currency. In fact, currencies don’t get stored in any single location or exist anywhere in any physical form. All that exists are records of transactions stored on the blockchain.
Cryptocurrency wallets are software programs that store your public and private keys and interface with various blockchain so users can monitor their balance, send money and conduct other operations. When a person sends you bitcoins or any other type of digital currency, they are essentially signing off ownership of the coins to your wallet’s address. To be able to spend those coins and unlock the funds, the private key stored in your wallet must match the public address the currency is assigned to. If public and private keys match, the balance in your digital wallet will increase, and the senders will decrease accordingly. There is no actual exchange of real coins. The transaction is signified merely by a transaction record on the blockchain and a change in balance in your cryptocurrency wallet.
What are the different types of Cryptocurrencywallets?
There are several types of wallets that provide different ways to store and access your digital currency. Wallets can be broken down into three distinct categories – software, hardware, and paper. Software wallets can be a desktop, mobile or online.
Are Cryptocurrency wallets secure?
Wallets are secure to varying degrees. The level of security depends on the type of wallet you use (desktop, mobile, online, paper, hardware) and the service provider. A web server is an intrinsically riskier environment to keep your currency compared to offline. Online wallets can expose users to possible vulnerabilities in the wallet platform which can be exploited by hackers to steal your funds. Offline wallets, on the other hand, cannot be hacked because they simply aren’t connected to an online network and don’t rely on a third party for security.
Although online wallets have proven the most vulnerable and prone to hacking attacks, diligent security precautions need to be implemented and followed when using any wallet. Remember that no matter which wallet you use, losing your private keys will lead you to lose your money. Similarly, if your wallet gets hacked, or you send money to a scammer, there is no way to reclaim lost currency or reverse the transaction. You must take precautions and be very careful!
Although Bitcoin is by far the most well-known and popular digital currency, hundreds of newcryptocurrencies (referred to as altcoins) have emerged, each with distinctive ecosystems and infrastructure. If you’re interested in using a variety of cryptocurrencies, the good news is, you don’t need set up a separate wallet for each currency. Instead of using a cryptocurrency wallet that supports a single currency, it may be more convenient to set up a multi-currency wallet which enables you to use several currencies from the same wallet.
Are there any transaction fees?
There is no straightforward answer here.
In general, transaction fees are a tiny fraction of traditional bank fees. Sometimes fees need to be paid for certain types of transactions to network miners as a processing fee, while some transactions don’t have any fee at all. It’s also possible to set your own fee. As a guide, the median transaction size of 226 bytes would result in a fee of 18,080 satoshis or $0.12. In some cases, if you choose to set a low fee, your transaction may get low priority, and you might have to wait hours or even days for the transaction to get confirmed. If you need your transaction completed and confirmed promptly, then you might need to increase the amount you’re willing to pay. Whatever wallet you end up using, transaction fees are not something you should worry about. You will either pay minuscule transaction fees, choose your own fees or pay no fees at all. A definite improvement from the past!
Are cryptocurrency wallets anonymous?
Kind of, but not really. Wallets are pseudonymous. While wallets aren’t tied to the actual identity of a user, all transactions are stored publicly and permanently on the blockchain. Your name or personal street address won’t be there, but data like your wallet address could be traced to your identity in a number of ways. While there are efforts underway to make anonymity and privacy easier to achieve, there are obvious downsides to full anonymity. Check out the DarkWallet project that is looking to beef up privacy and anonymity through stealth addresses and coin mixing.
Which Cryptocurrency wallet is the best?
There is an ever-growing list of options. Before picking a wallet, you should, however, consider how you intend to use it.
Bread Wallet
Bread Wallet is a simple mobile Bitcoin digital wallet that makes sending bitcoins as easy as sending an email. The wallet can be downloaded from the App Store or Google Play. Bread Wallet offers a standalone client, so there is no server to use when sending or receiving bitcoins. That means users can access their money and are in full control of their funds at all times. Overall, Bread Wallet’s clean interface, lightweight design and commitment to continually improve security, make the application safe, fast and a pleasure to use for both beginners and experienced users alike.
Mycelium
Advanced users searching for a Bitcoin mobile digital wallet, should look no further than mycelium. The Mycelium mobile wallet allows iPhone and Android users to send and receive bitcoins and keep complete control over bitcoins. No third party can freeze or lose your funds! With enterprise-level security superior to most other apps and features like cold storage and encrypted PDF backups, an integrated QR-code scanner, a local trading marketplace and secure chat amongst others, you can understand why Mycelium has long been regarded as one of the best wallets on the market.
Exodus
Exodus is a relatively new and unknown digital wallet that is currently only available on the desktop. It enables the storage and trading of Bitcoin, Ether, Litecoins, Dogecoins and Dash through an incredibly easy to use, intuitive and beautiful interface. Exodus also offers a very simple guide to backup your wallet. One of the great things about Exodus is that it has a built-in shapeshift exchange that allows users to trade altcoins for bitcoins and vice versa without leaving the wallet.
Copay
Created by Bitpay, Copay is one of the best digital wallets on the market. If you’re looking for convenience, Copay is easily accessed through a user-friendly interface on desktop, mobile or online. One of the best things about Copay is that it’s a multi-signature wallet so friends or business partners can share funds. Overall, Copay has something for everyone. It’s simple enough for entry-level users but has plenty of additional geeky features that will impress more experienced players as well.
Jaxx
Jaxx is a multi-currency Ether, Ether Classic, Dash, DAO, Litecoin, REP, Zcash, Rootstock, Bitcoin wallet and user interface. Jaxx has been designed to deliver a smooth Bitcoin and Ethereum experience. It is available on a variety of platforms and devices (Windows, Linux, Chrome, Firefox, OSX, Android mobile & tablet, iOS mobile & tablet) and connects with websites through Firefox and Chrome extensions. Jaxx allows in wallet conversion between Bitcoin, Ether and DAO tokens via Shapeshift and the import of Ethereum paper wallets. With an array of features and the continual integration of new currencies, Jaxx is an excellent choice for those who require a multi-currency wallet.
Armory
Armory is an open source Bitcoin desktop wallet perfect for experienced users that place emphasis on security. Some of Armory’s features include cold storage, multi-signature transactions, one-time printable backups, multiple wallets interface, GPU-resistant wallet encryption, key importing, key sweeping and more. Although Armory takes a little while to understand and use to it’s full potential, it’s a great option for more tech-savvy bitcoiners looking to keep their funds safe and secure.
Trezor is a hardware Bitcoin wallet that is ideal for storing large amounts of bitcoins. Trezor cannot be infected by malware and never exposes your private keys which make it as safe as holding traditional paper money. Trezor is open source and transparent, with all technical decisions benefiting from wider community consultation. It’s easy to use, has an intuitive interface and is Windows, OS X and Linux friendly. One of the few downsides of the Trezor wallet is that it must be with you to send bitcoins. This, therefore, makes Trezor best for inactive savers, investors or people who want to keep large amounts of Bitcoin highly secure.
Ledger Nano
The Ledger Wallet Nano is a new hierarchical deterministic multisig hardware wallet for bitcoin users that aims to eliminate a number of attack vectors through the use of a second security layer. This tech-heavy description does not mean much to the average consumer, though, which is why I am going to explain it in plain language, describing what makes the Ledger Wallet Nano tick. In terms of hardware, the Ledger Wallet Nano is a compact USB device based on a smart card. It is roughly the size of a small flash drive, measuring 39 x 13 x 4mm (1.53 x 0.51 x 0.16in) and weighing in at just 5.9g.
Pros:
Cons:
Green Address
Green Address is a user-friendly Bitcoin wallet that’s an excellent choice for beginners. Green Address is accessible via desktop, online or mobile with apps available for Chrome, iOS, and Android. Features include multi-signature addresses & two-factor authentications for enhanced security, paper wallet backup, and instant transaction confirmation. A downside is that Green Address is required to approve all payments, so you do not have full control over your spending
Blockchain (dot) info
Blockchain is one of the most popular Bitcoin wallets. Accessing this wallet can be done from any browser or smartphone. Blockchain.info provides two different additional layers. For the browser version, users can enable two-factor authentication, while mobile users can activate a pin code requirement every time the wallet application is opened. Although your wallet will be stored online and all transactions will need to go through the company’s servers, Blockchain.info does not have access to your private keys. Overall, this is a well-established company that is trusted throughout the Bitcoin community and makes for a solid wallet to keep your currency.
submitted by Tokenberry to NewbieZone [link] [comments]

Types of cryptocurrency wallets. Advantages and disadvantages

In order to increase the security level of your funds, you can use wallets. They have a higher level of protection in comparison with the exchanges. In this article, you will get to know about the advantages and disadvantages of wallets, get acquainted with their varieties and the most popular examples.

What is a digital wallet?

A digital wallet is a place to store your public and private keys. It consists of a private key and a public key (in our previous article you can learn more about what private and public keys are).

Hot and cold wallet

Cold wallets are a way to store funds offline. These include any tools that are not tied to the network. Cold storage eliminates the interaction of the wallet and the online network, which significantly reduces the likelihood of theft.
Advantages: Higher security. The possibility of offline storage.
Disadvantages: Poorly adapted for regular payments. May be lost with the carrier. Require backup.
Hot wallets are programs designed to store digital coins with a constant Internet connection which allows you to send cryptocurrencies anywhere.
Advantages: Great for regular and micropayments. Convenient and easy to use. Do not require physical media.
Disadvantages: Can be hacked. Always connected to the Internet. If you uninstall the program, you may lose access to your wallet forever.

Types of wallets

There are five types of digital storage that you can use.
1. Online Wallet This is a service owned by a third party. Depending on the wallet device, the keys are stored on a remote server or downloaded as an encrypted file to the user’s computer. They allow not only to open several wallets for different cryptocurrencies, but also to carry out convertible operations, trade on exchanges, calculate commissions with the help of built-in calculators, etc.
Advantages: Quick registration. Anonymity. Verification is not necessary. Ability to work with multiple cryptocurrencies.
Disadvantages: Risks inherent in cryptocurrency exchanges. There is a possibility of wallet to be hacked. Additional expenditure.
There are no reliable ways to protect funds on such platforms. Therefore, recommendations for the protection of funds are reduced to the diversification of risks, that is, working simultaneously with several wallets.
Examples of popular online wallets: HolyTransaction. The multi-currency wallet, founded in 2014, supports more than 10 of the most popular cryptocurrencies. It has an intuitive interface, Commission in comparison with other wallets. Coinbase. The wallet, created in 2012, supports bitcoin and ether. Cryprtonator. The most popular multi-currency wallet in the CIS.
2. Mobile Wallet This is a program to install on mobile gadgets. Interesting for those for whom cryptocurrency is a means of payment for goods and services. The current version of the blockchain is usually stored on the application server that provides access to updated data and does not require a large download of data to the phone.
Advantages: It can be safer than online wallets. Conveniently use on the go. Offer additional features such as QR code scanning.
Disadvantages: Unfortunately, mobile wallets are not the most secure. Therefore, it is hardly suitable for storing large amounts of funds.
Examples of popular mobile wallets: Coinomi. One of the best wallets for Android that supports more than 50 cryptocurrencies. Its advantage is the ability to enter seed-phrase, which allows you to recover wallet data. Xapo. Wallet from California company that supports Bitcoin. Access to the funds in the wallet is insured, it is possible to issue a debit card, you need to bind a mobile number.
3. Hardware wallet
This is a separate removable device like a flash drive. This method of storing keys is not very popular yet, because it is suitable only for long-term storage (it is inconvenient to trade with it). But it does not overload the computer.
Advantages: Private keys are never exposed to your computer. The hardware is immune to computer viruses. Your hardware requires you to confirm a transaction on your device (not the app on your computer) before any coins can be spent.
Disadvantages: The only downside to hardware wallets is that they cost money. However, it might be worthwhile to consider investing in a hardware wallet because they are more secure; especially if you hold a significant amount of coins.
Examples of popular hardware wallets: KeepKay. Supports 4 major cryptocurrencies. Ledger Wallet. Trezor.
4. Desktop wallet
These are the programs that you install on your computer.
Advantages: Desktop wallets store keys on your hard drive. Considered that its one of the most reliable options among offline wallets. It is a program installed on your computer, with which you can access data about your cryptocurrency account.
Disadvantages: Their disadvantage is the need for constant updating, which takes a lot of memory. Because desktop programs are divided into “thick” and “thin”. “Thick” (“heavy”) program, who are themselves from the very beginning, download whole blockchain and keep them updated. “Thin” (“light”) — download the necessary information from third-party services. Despite the fact that the file with the key remains on the computer, there is a risk that the data from the services will not be downloaded the ones that are needed.
Examples of popular mobile wallets: Exodus. Has an integrated exchange platform ShareShift supports 7 cryptocurrencies. Bitcoin Core. One of the best wallets for bitcoin, working with all operating systems. Armory. In addition to Bitcoin Core, which allows you to increase the level of storage security.
5. Paper wallet
A unique option for storing keys, which is a printout of a picture with a QR-code containing a public address and a private key. Long-term storage option for those who do not trust electronics.
Example: bitaddress.org
Each wallet has its advantages and disadvantages. Which option to choose depends on the goals.
submitted by SwapSpace_co to CryptoCurrencies [link] [comments]

Isn't it piratical to stop keylogger resulted BTC loss?

All the current wallet encryption rely merely on long and complex password, which is vulnerable to keylogger in both windows and Mac OS (I have not seen Linux victim but I can be wrong).
Current consensus is blaming the victim of being too silly to install malwares. But I think there is an existing technology that could make BTC-wallet client even safer for non-tech savy average Joe.
I think dev could implement a second layer of password encryption that is inputted by mouse click and a floating screen keyboard appeared at random position with slightly distorted shape on screen, so that a keylogger cannot log what password was inputted easily. Even if keylogger could record coordinates of mouse clicks, users could always make extra random clicks to confuse the keylogger during password entering. Some online banks has this security feature. Why not using this feature to make Windows clients safer? Is there some dev already working on it? Or there is no interest to make BTC clients more secure for regular people. I do feel bad seeing folks blaming victims for installing malware.
submitted by pprimase to Bitcoin [link] [comments]

Types of cryptocurrency wallets. Advantages and disadvantages

In order to increase the security level of your funds, you can use wallets. They have a higher level of protection in comparison with the exchanges. In this article, you will get to know about the advantages and disadvantages of wallets, get acquainted with their varieties and the most popular examples.

What is a digital wallet?

A digital wallet is a place to store your public and private keys. It consists of a private key and a public key (in our previous article you can learn more about what private and public keys are).

Hot and cold wallet

Cold wallets are a way to store funds offline. These include any tools that are not tied to the network. Cold storage eliminates the interaction of the wallet and the online network, which significantly reduces the likelihood of theft.
Advantages: Higher security. The possibility of offline storage.
Disadvantages: Poorly adapted for regular payments. May be lost with the carrier. Require backup.
Hot wallets are programs designed to store digital coins with a constant Internet connection which allows you to send cryptocurrencies anywhere.
Advantages: Great for regular and micropayments. Convenient and easy to use. Do not require physical media.
Disadvantages: Can be hacked. Always connected to the Internet. If you uninstall the program, you may lose access to your wallet forever.

Types of wallets

There are five types of digital storage that you can use.
1. Online Wallet This is a service owned by a third party. Depending on the wallet device, the keys are stored on a remote server or downloaded as an encrypted file to the user’s computer. They allow not only to open several wallets for different cryptocurrencies, but also to carry out convertible operations, trade on exchanges, calculate commissions with the help of built-in calculators, etc.
Advantages: Quick registration. Anonymity. Verification is not necessary. Ability to work with multiple cryptocurrencies.
Disadvantages: Risks inherent in cryptocurrency exchanges. There is a possibility of wallet to be hacked. Additional expenditure.
There are no reliable ways to protect funds on such platforms. Therefore, recommendations for the protection of funds are reduced to the diversification of risks, that is, working simultaneously with several wallets.
Examples of popular online wallets: HolyTransaction. The multi-currency wallet, founded in 2014, supports more than 10 of the most popular cryptocurrencies. It has an intuitive interface, Commission in comparison with other wallets. Coinbase. The wallet, created in 2012, supports bitcoin and ether. Cryprtonator. The most popular multi-currency wallet in the CIS.
2. Mobile Wallet This is a program to install on mobile gadgets. Interesting for those for whom cryptocurrency is a means of payment for goods and services. The current version of the blockchain is usually stored on the application server that provides access to updated data and does not require a large download of data to the phone.
Advantages: It can be safer than online wallets. Conveniently use on the go. Offer additional features such as QR code scanning.
Disadvantages: Unfortunately, mobile wallets are not the most secure. Therefore, it is hardly suitable for storing large amounts of funds.
Examples of popular mobile wallets: Coinomi. One of the best wallets for Android that supports more than 50 cryptocurrencies. Its advantage is the ability to enter seed-phrase, which allows you to recover wallet data. Xapo. Wallet from California company that supports Bitcoin. Access to the funds in the wallet is insured, it is possible to issue a debit card, you need to bind a mobile number.
3. Hardware wallet
This is a separate removable device like a flash drive. This method of storing keys is not very popular yet, because it is suitable only for long-term storage (it is inconvenient to trade with it). But it does not overload the computer.
Advantages: Private keys are never exposed to your computer. The hardware is immune to computer viruses. Your hardware requires you to confirm a transaction on your device (not the app on your computer) before any coins can be spent.
Disadvantages: The only downside to hardware wallets is that they cost money. However, it might be worthwhile to consider investing in a hardware wallet because they are more secure; especially if you hold a significant amount of coins.
Examples of popular hardware wallets: KeepKay. Supports 4 major cryptocurrencies. Ledger Wallet. Trezor.
4. Desktop wallet
These are the programs that you install on your computer.
Advantages: Desktop wallets store keys on your hard drive. Considered that its one of the most reliable options among offline wallets. It is a program installed on your computer, with which you can access data about your cryptocurrency account.
Disadvantages: Their disadvantage is the need for constant updating, which takes a lot of memory. Because desktop programs are divided into “thick” and “thin”. “Thick” (“heavy”) program, who are themselves from the very beginning, download whole blockchain and keep them updated. “Thin” (“light”) — download the necessary information from third-party services. Despite the fact that the file with the key remains on the computer, there is a risk that the data from the services will not be downloaded the ones that are needed.
Examples of popular mobile wallets: Exodus. Has an integrated exchange platform ShareShift supports 7 cryptocurrencies. Bitcoin Core. One of the best wallets for bitcoin, working with all operating systems. Armory. In addition to Bitcoin Core, which allows you to increase the level of storage security.
5. Paper wallet
A unique option for storing keys, which is a printout of a picture with a QR-code containing a public address and a private key. Long-term storage option for those who do not trust electronics.
Example: bitaddress.org
Each wallet has its advantages and disadvantages. Which option to choose depends on the goals.
submitted by SwapSpace_co to bitcointrading [link] [comments]

How do I stop an application running in the background (in Linux-Ubuntu)?

I have bitcoin Armory wallet installed. This application automatically opens the Bitcoin Core client when it (Armory) is started. However, when I close Armory down the Bitcoin Core continues to run in the background and I can see it to shut it down. You may well ask how I know it is running at all (as I can't see its icon) - well, if you know Bitcoin Core, you will know that it occupies a lot of RAM. Presently I have to shut down the pc and restart - this rids one of the Bitcoin Core. But I would be surprised if there is not a way to do this without shutting the pc down - perhaps through a terminal command? I should be most grateful for any help. Thanks, DB
submitted by Duncan1949 to Ubuntu [link] [comments]

Types of cryptocurrency wallets. Advantages and disadvantages

In order to increase the security level of your funds, you can use wallets. They have a higher level of protection in comparison with the exchanges. In this article, you will get to know about the advantages and disadvantages of wallets, get acquainted with their varieties and the most popular examples.

What is a digital wallet?

A digital wallet is a place to store your public and private keys. It consists of a private key and a public key (in our previous article you can learn more about what private and public keys are).

Hot and cold wallet

Cold wallets are a way to store funds offline. These include any tools that are not tied to the network. Cold storage eliminates the interaction of the wallet and the online network, which significantly reduces the likelihood of theft.
Advantages: Higher security. The possibility of offline storage.
Disadvantages: Poorly adapted for regular payments. May be lost with the carrier. Require backup.
Hot wallets are programs designed to store digital coins with a constant Internet connection which allows you to send cryptocurrencies anywhere.
Advantages: Great for regular and micropayments. Convenient and easy to use. Do not require physical media.
Disadvantages: Can be hacked. Always connected to the Internet. If you uninstall the program, you may lose access to your wallet forever.

Types of wallets

There are five types of digital storage that you can use.
1. Online Wallet This is a service owned by a third party. Depending on the wallet device, the keys are stored on a remote server or downloaded as an encrypted file to the user’s computer. They allow not only to open several wallets for different cryptocurrencies, but also to carry out convertible operations, trade on exchanges, calculate commissions with the help of built-in calculators, etc.
Advantages: Quick registration. Anonymity. Verification is not necessary. Ability to work with multiple cryptocurrencies.
Disadvantages: Risks inherent in cryptocurrency exchanges. There is a possibility of wallet to be hacked. Additional expenditure.
There are no reliable ways to protect funds on such platforms. Therefore, recommendations for the protection of funds are reduced to the diversification of risks, that is, working simultaneously with several wallets.
Examples of popular online wallets: HolyTransaction. The multi-currency wallet, founded in 2014, supports more than 10 of the most popular cryptocurrencies. It has an intuitive interface, Commission in comparison with other wallets. Coinbase. The wallet, created in 2012, supports bitcoin and ether. Cryprtonator. The most popular multi-currency wallet in the CIS.
2. Mobile Wallet This is a program to install on mobile gadgets. Interesting for those for whom cryptocurrency is a means of payment for goods and services. The current version of the blockchain is usually stored on the application server that provides access to updated data and does not require a large download of data to the phone.
Advantages: It can be safer than online wallets. Conveniently use on the go. Offer additional features such as QR code scanning.
Disadvantages: Unfortunately, mobile wallets are not the most secure. Therefore, it is hardly suitable for storing large amounts of funds.
Examples of popular mobile wallets: Coinomi. One of the best wallets for Android that supports more than 50 cryptocurrencies. Its advantage is the ability to enter seed-phrase, which allows you to recover wallet data. Xapo. Wallet from California company that supports Bitcoin. Access to the funds in the wallet is insured, it is possible to issue a debit card, you need to bind a mobile number.
3. Hardware wallet
This is a separate removable device like a flash drive. This method of storing keys is not very popular yet, because it is suitable only for long-term storage (it is inconvenient to trade with it). But it does not overload the computer.
Advantages: Private keys are never exposed to your computer. The hardware is immune to computer viruses. Your hardware requires you to confirm a transaction on your device (not the app on your computer) before any coins can be spent.
Disadvantages: The only downside to hardware wallets is that they cost money. However, it might be worthwhile to consider investing in a hardware wallet because they are more secure; especially if you hold a significant amount of coins.
Examples of popular hardware wallets: KeepKay. Supports 4 major cryptocurrencies. Ledger Wallet. Trezor.
4. Desktop wallet
These are the programs that you install on your computer.
Advantages: Desktop wallets store keys on your hard drive. Considered that its one of the most reliable options among offline wallets. It is a program installed on your computer, with which you can access data about your cryptocurrency account.
Disadvantages: Their disadvantage is the need for constant updating, which takes a lot of memory. Because desktop programs are divided into “thick” and “thin”. “Thick” (“heavy”) program, who are themselves from the very beginning, download whole blockchain and keep them updated. “Thin” (“light”) — download the necessary information from third-party services. Despite the fact that the file with the key remains on the computer, there is a risk that the data from the services will not be downloaded the ones that are needed.
Examples of popular mobile wallets: Exodus. Has an integrated exchange platform ShareShift supports 7 cryptocurrencies. Bitcoin Core. One of the best wallets for bitcoin, working with all operating systems. Armory. In addition to Bitcoin Core, which allows you to increase the level of storage security.
5. Paper wallet
A unique option for storing keys, which is a printout of a picture with a QR-code containing a public address and a private key. Long-term storage option for those who do not trust electronics.
Example: bitaddress.org
Each wallet has its advantages and disadvantages. Which option to choose depends on the goals.
submitted by SwapSpace_co to CoinTelegraph [link] [comments]

[Giveaway] FreeBits: Lets Increase User Adoption Together. Free Bitcoin For Everybody!

Post any comment below, and I will send you some free bitcoin.
Tips have been given to 125 new bitcoiners already before this thread. The thread is located here.
If you have any bits, feel free to jump in and help tip people.
If anybody has any more info for new bitcoiners, please PM me and I'll be happy to add it.
Who am I?
B itcoin advocate who wants to help spread love to the community. Currently working near a project called Gems, a social messaging application with a similar goal, to increase user adoption through easy and fluid processes. When I saw this campaign; I couldn't resist supporting the movement.
New to Bitcoin?
New to ChangeTip?
How does this work?
  • You can post any comment you want, and I will reply with ChangeTip. ChangeTip will then comment as well, with directions step by step on how to claim your tip.
Choose A Wallet
Choose from a client side (located locally on your computephone) or web based (a provider holds your private key). Client side you hold your pirvate keys, giving you full control over your money. Web based wallets can fall victim to being goxxed. Listed are trusted and safe options for a bitcoin wallet.
Want to buy more bits?
You can buy bitcoin from direct exchangers, who buy/sell bitcoin directly. Most accept bank transfer, and more recently CC's. You can also use LocalBitcoins to buy bitcoins with cash in person around your location, or cash bank deposits from banks worldwide.
  • > Circle - Instant, accept Visa & Master, a bank transfer.
  • > Coinbase - Verification & delay, bank transfer and Visa in further verification.
  • > LocalBitcoins - Meet in person, or bank deposit (go walk to nearest BoA, etc).
Not new to Bitcoin?
  • I still have bits for you. Feel free to please leave a joke, comment, insult, burritos, whatever you'd like. Bits are awesome as well, as they will go right back out to the community if you'd like to support that way.
Why am I doing this?
To increase user adoption through ChangeTip, and the social platform Gems. I want to give back to the community that helped me and I am apart of, and help others in return. I believe I have aligned goals and visions for adoption between Gems and ChangeTip.
This is really to get bitcoin to new people who are interested. Never has it been this easy to ping someone over a few cents. Never has this really been possible on this level. It's very powerful.
  • > Give back to a great community, and introduce new people to the magical internet funny money we all know and love.
  • > Check out more information on Gems | Video @ Koinify.
  • > Sign up w/ email to stay updated.
What to do with your bits?
  • Tip them, save them, spend them, send them -- whatever you want!
  • Feel free to ask any questions you have about bitcoin.
Want to help out more?
  • Get more people introduced. Share the link. invite your friends, no experience, all experience, everybody deserves some free bits in their day. Crosspost and let others get the bits they need to start tipping!
  • I will be tipping one ‘gem’ worth $0.05, or 147 bits. You are being tipped the bits, in bitcoin, these are not the actual Gems tokens.
  • EDIT: Explanation, this is not an actual 'gem', I should have been more clear. You are being tipped 147 bits, or $0.05 in BTC. I simply assigned the term "gem/gems' to trigger a $0.05 tip, as another creative method of tipping. This price in no way reflects the Gems project or real Gems tokens.
This offer does not expire. Keep em’ comin new bitcoiners.
Please upvote so more people have exposure and can get their bits. Please let me know what you'd like to see added.
Yes, this will not expire.
submitted by kysarkoin to FreeBits [link] [comments]

Types of cryptocurrency wallets. Advantages and disadvantages

In order to increase the security level of your funds, you can use wallets. They have a higher level of protection in comparison with the exchanges. In this article, you will get to know about the advantages and disadvantages of wallets, get acquainted with their varieties and the most popular examples.

What is a digital wallet?

A digital wallet is a place to store your public and private keys. It consists of a private key and a public key (in our previous article you can learn more about what private and public keys are).

Hot and cold wallet

Cold wallets are a way to store funds offline. These include any tools that are not tied to the network. Cold storage eliminates the interaction of the wallet and the online network, which significantly reduces the likelihood of theft.
Advantages: Higher security. The possibility of offline storage.
Disadvantages: Poorly adapted for regular payments. May be lost with the carrier. Require backup.
Hot wallets are programs designed to store digital coins with a constant Internet connection which allows you to send cryptocurrencies anywhere.
Advantages: Great for regular and micropayments. Convenient and easy to use. Do not require physical media.
Disadvantages: Can be hacked. Always connected to the Internet. If you uninstall the program, you may lose access to your wallet forever.

Types of wallets

There are five types of digital storage that you can use.
1. Online Wallet This is a service owned by a third party. Depending on the wallet device, the keys are stored on a remote server or downloaded as an encrypted file to the user’s computer. They allow not only to open several wallets for different cryptocurrencies, but also to carry out convertible operations, trade on exchanges, calculate commissions with the help of built-in calculators, etc.
Advantages: Quick registration. Anonymity. Verification is not necessary. Ability to work with multiple cryptocurrencies.
Disadvantages: Risks inherent in cryptocurrency exchanges. There is a possibility of wallet to be hacked. Additional expenditure.
There are no reliable ways to protect funds on such platforms. Therefore, recommendations for the protection of funds are reduced to the diversification of risks, that is, working simultaneously with several wallets.
Examples of popular online wallets: HolyTransaction. The multi-currency wallet, founded in 2014, supports more than 10 of the most popular cryptocurrencies. It has an intuitive interface, Commission in comparison with other wallets. Coinbase. The wallet, created in 2012, supports bitcoin and ether. Cryprtonator. The most popular multi-currency wallet in the CIS.
2. Mobile Wallet This is a program to install on mobile gadgets. Interesting for those for whom cryptocurrency is a means of payment for goods and services. The current version of the blockchain is usually stored on the application server that provides access to updated data and does not require a large download of data to the phone.
Advantages: It can be safer than online wallets. Conveniently use on the go. Offer additional features such as QR code scanning.
Disadvantages: Unfortunately, mobile wallets are not the most secure. Therefore, it is hardly suitable for storing large amounts of funds.
Examples of popular mobile wallets: Coinomi. One of the best wallets for Android that supports more than 50 cryptocurrencies. Its advantage is the ability to enter seed-phrase, which allows you to recover wallet data. Xapo. Wallet from California company that supports Bitcoin. Access to the funds in the wallet is insured, it is possible to issue a debit card, you need to bind a mobile number.
3. Hardware wallet
This is a separate removable device like a flash drive. This method of storing keys is not very popular yet, because it is suitable only for long-term storage (it is inconvenient to trade with it). But it does not overload the computer.
Advantages: Private keys are never exposed to your computer. The hardware is immune to computer viruses. Your hardware requires you to confirm a transaction on your device (not the app on your computer) before any coins can be spent.
Disadvantages: The only downside to hardware wallets is that they cost money. However, it might be worthwhile to consider investing in a hardware wallet because they are more secure; especially if you hold a significant amount of coins.
Examples of popular hardware wallets: KeepKay. Supports 4 major cryptocurrencies. Ledger Wallet. Trezor.
4. Desktop wallet
These are the programs that you install on your computer.
Advantages: Desktop wallets store keys on your hard drive. Considered that its one of the most reliable options among offline wallets. It is a program installed on your computer, with which you can access data about your cryptocurrency account.
Disadvantages: Their disadvantage is the need for constant updating, which takes a lot of memory. Because desktop programs are divided into “thick” and “thin”. “Thick” (“heavy”) program, who are themselves from the very beginning, download whole blockchain and keep them updated. “Thin” (“light”) — download the necessary information from third-party services. Despite the fact that the file with the key remains on the computer, there is a risk that the data from the services will not be downloaded the ones that are needed.
Examples of popular mobile wallets: Exodus. Has an integrated exchange platform ShareShift supports 7 cryptocurrencies. Bitcoin Core. One of the best wallets for bitcoin, working with all operating systems. Armory. In addition to Bitcoin Core, which allows you to increase the level of storage security.
5. Paper wallet
A unique option for storing keys, which is a printout of a picture with a QR-code containing a public address and a private key. Long-term storage option for those who do not trust electronics.
Example: bitaddress.org
Each wallet has its advantages and disadvantages. Which option to choose depends on the goals.
submitted by SwapSpace_co to CryptoCurrencyTrading [link] [comments]

Types of cryptocurrency wallets. Advantages and disadvantages

In order to increase the security level of your funds, you can use wallets. They have a higher level of protection in comparison with the exchanges. In this article, you will get to know about the advantages and disadvantages of wallets, get acquainted with their varieties and the most popular examples.

What is a digital wallet?

A digital wallet is a place to store your public and private keys. It consists of a private key and a public key (in our previous article you can learn more about what private and public keys are).

Hot and cold wallet

Cold wallets are a way to store funds offline. These include any tools that are not tied to the network. Cold storage eliminates the interaction of the wallet and the online network, which significantly reduces the likelihood of theft.
Advantages: Higher security. The possibility of offline storage.
Disadvantages: Poorly adapted for regular payments. May be lost with the carrier. Require backup.
Hot wallets are programs designed to store digital coins with a constant Internet connection which allows you to send cryptocurrencies anywhere.
Advantages: Great for regular and micropayments. Convenient and easy to use. Do not require physical media.
Disadvantages: Can be hacked. Always connected to the Internet. If you uninstall the program, you may lose access to your wallet forever.

Types of wallets

There are five types of digital storage that you can use.
1. Online Wallet This is a service owned by a third party. Depending on the wallet device, the keys are stored on a remote server or downloaded as an encrypted file to the user’s computer. They allow not only to open several wallets for different cryptocurrencies, but also to carry out convertible operations, trade on exchanges, calculate commissions with the help of built-in calculators, etc.
Advantages: Quick registration. Anonymity. Verification is not necessary. Ability to work with multiple cryptocurrencies.
Disadvantages: Risks inherent in cryptocurrency exchanges. There is a possibility of wallet to be hacked. Additional expenditure.
There are no reliable ways to protect funds on such platforms. Therefore, recommendations for the protection of funds are reduced to the diversification of risks, that is, working simultaneously with several wallets.
Examples of popular online wallets: HolyTransaction. The multi-currency wallet, founded in 2014, supports more than 10 of the most popular cryptocurrencies. It has an intuitive interface, Commission in comparison with other wallets. Coinbase. The wallet, created in 2012, supports bitcoin and ether. Cryprtonator. The most popular multi-currency wallet in the CIS.
2. Mobile Wallet This is a program to install on mobile gadgets. Interesting for those for whom cryptocurrency is a means of payment for goods and services. The current version of the blockchain is usually stored on the application server that provides access to updated data and does not require a large download of data to the phone.
Advantages: It can be safer than online wallets. Conveniently use on the go. Offer additional features such as QR code scanning.
Disadvantages: Unfortunately, mobile wallets are not the most secure. Therefore, it is hardly suitable for storing large amounts of funds.
Examples of popular mobile wallets: Coinomi. One of the best wallets for Android that supports more than 50 cryptocurrencies. Its advantage is the ability to enter seed-phrase, which allows you to recover wallet data. Xapo. Wallet from California company that supports Bitcoin. Access to the funds in the wallet is insured, it is possible to issue a debit card, you need to bind a mobile number.
3. Hardware wallet
This is a separate removable device like a flash drive. This method of storing keys is not very popular yet, because it is suitable only for long-term storage (it is inconvenient to trade with it). But it does not overload the computer.
Advantages: Private keys are never exposed to your computer. The hardware is immune to computer viruses. Your hardware requires you to confirm a transaction on your device (not the app on your computer) before any coins can be spent.
Disadvantages: The only downside to hardware wallets is that they cost money. However, it might be worthwhile to consider investing in a hardware wallet because they are more secure; especially if you hold a significant amount of coins.
Examples of popular hardware wallets: KeepKay. Supports 4 major cryptocurrencies. Ledger Wallet. Trezor.
4. Desktop wallet
These are the programs that you install on your computer.
Advantages: Desktop wallets store keys on your hard drive. Considered that its one of the most reliable options among offline wallets. It is a program installed on your computer, with which you can access data about your cryptocurrency account.
Disadvantages: Their disadvantage is the need for constant updating, which takes a lot of memory. Because desktop programs are divided into “thick” and “thin”. “Thick” (“heavy”) program, who are themselves from the very beginning, download whole blockchain and keep them updated. “Thin” (“light”) — download the necessary information from third-party services. Despite the fact that the file with the key remains on the computer, there is a risk that the data from the services will not be downloaded the ones that are needed.
Examples of popular mobile wallets: Exodus. Has an integrated exchange platform ShareShift supports 7 cryptocurrencies. Bitcoin Core. One of the best wallets for bitcoin, working with all operating systems. Armory. In addition to Bitcoin Core, which allows you to increase the level of storage security.
5. Paper wallet
A unique option for storing keys, which is a printout of a picture with a QR-code containing a public address and a private key. Long-term storage option for those who do not trust electronics.
Example: bitaddress.org
Each wallet has its advantages and disadvantages. Which option to choose depends on the goals.
submitted by SwapSpace_co to u/SwapSpace_co [link] [comments]

Types of cryptocurrency wallets. Advantages and disadvantages

In order to increase the security level of your funds, you can use wallets. They have a higher level of protection in comparison with the exchanges. In this article, you will get to know about the advantages and disadvantages of wallets, get acquainted with their varieties and the most popular examples.

What is a digital wallet?

A digital wallet is a place to store your public and private keys. It consists of a private key and a public key (in our previous article you can learn more about what private and public keys are).

Hot and cold wallet

Cold wallets are a way to store funds offline. These include any tools that are not tied to the network. Cold storage eliminates the interaction of the wallet and the online network, which significantly reduces the likelihood of theft.
Advantages: Higher security. The possibility of offline storage.
Disadvantages: Poorly adapted for regular payments. May be lost with the carrier. Require backup.
Hot wallets are programs designed to store digital coins with a constant Internet connection which allows you to send cryptocurrencies anywhere.
Advantages: Great for regular and micropayments. Convenient and easy to use. Do not require physical media.
Disadvantages: Can be hacked. Always connected to the Internet. If you uninstall the program, you may lose access to your wallet forever.

Types of wallets

There are five types of digital storage that you can use.
1. Online Wallet This is a service owned by a third party. Depending on the wallet device, the keys are stored on a remote server or downloaded as an encrypted file to the user’s computer. They allow not only to open several wallets for different cryptocurrencies, but also to carry out convertible operations, trade on exchanges, calculate commissions with the help of built-in calculators, etc.
Advantages: Quick registration. Anonymity. Verification is not necessary. Ability to work with multiple cryptocurrencies.
Disadvantages: Risks inherent in cryptocurrency exchanges. There is a possibility of wallet to be hacked. Additional expenditure.
There are no reliable ways to protect funds on such platforms. Therefore, recommendations for the protection of funds are reduced to the diversification of risks, that is, working simultaneously with several wallets.
Examples of popular online wallets: HolyTransaction. The multi-currency wallet, founded in 2014, supports more than 10 of the most popular cryptocurrencies. It has an intuitive interface, Commission in comparison with other wallets. Coinbase. The wallet, created in 2012, supports bitcoin and ether. Cryprtonator. The most popular multi-currency wallet in the CIS.
2. Mobile Wallet This is a program to install on mobile gadgets. Interesting for those for whom cryptocurrency is a means of payment for goods and services. The current version of the blockchain is usually stored on the application server that provides access to updated data and does not require a large download of data to the phone.
Advantages: It can be safer than online wallets. Conveniently use on the go. Offer additional features such as QR code scanning.
Disadvantages: Unfortunately, mobile wallets are not the most secure. Therefore, it is hardly suitable for storing large amounts of funds.
Examples of popular mobile wallets: Coinomi. One of the best wallets for Android that supports more than 50 cryptocurrencies. Its advantage is the ability to enter seed-phrase, which allows you to recover wallet data. Xapo. Wallet from California company that supports Bitcoin. Access to the funds in the wallet is insured, it is possible to issue a debit card, you need to bind a mobile number.
3. Hardware wallet
This is a separate removable device like a flash drive. This method of storing keys is not very popular yet, because it is suitable only for long-term storage (it is inconvenient to trade with it). But it does not overload the computer.
Advantages: Private keys are never exposed to your computer. The hardware is immune to computer viruses. Your hardware requires you to confirm a transaction on your device (not the app on your computer) before any coins can be spent.
Disadvantages: The only downside to hardware wallets is that they cost money. However, it might be worthwhile to consider investing in a hardware wallet because they are more secure; especially if you hold a significant amount of coins.
Examples of popular hardware wallets: KeepKay. Supports 4 major cryptocurrencies. Ledger Wallet. Trezor.
4. Desktop wallet
These are the programs that you install on your computer.
Advantages: Desktop wallets store keys on your hard drive. Considered that its one of the most reliable options among offline wallets. It is a program installed on your computer, with which you can access data about your cryptocurrency account.
Disadvantages: Their disadvantage is the need for constant updating, which takes a lot of memory. Because desktop programs are divided into “thick” and “thin”. “Thick” (“heavy”) program, who are themselves from the very beginning, download whole blockchain and keep them updated. “Thin” (“light”) — download the necessary information from third-party services. Despite the fact that the file with the key remains on the computer, there is a risk that the data from the services will not be downloaded the ones that are needed.
Examples of popular mobile wallets: Exodus. Has an integrated exchange platform ShareShift supports 7 cryptocurrencies. Bitcoin Core. One of the best wallets for bitcoin, working with all operating systems. Armory. In addition to Bitcoin Core, which allows you to increase the level of storage security.
5. Paper wallet
A unique option for storing keys, which is a printout of a picture with a QR-code containing a public address and a private key. Long-term storage option for those who do not trust electronics.
Example: bitaddress.org
Each wallet has its advantages and disadvantages. Which option to choose depends on the goals.
submitted by SwapSpace_co to CryptoNews [link] [comments]

Types of cryptocurrency wallets. Advantages and disadvantages

In order to increase the security level of your funds, you can use wallets. They have a higher level of protection in comparison with the exchanges. In this article, you will get to know about the advantages and disadvantages of wallets, get acquainted with their varieties and the most popular examples.

What is a digital wallet?

A digital wallet is a place to store your public and private keys. It consists of a private key and a public key (in our previous article you can learn more about what private and public keys are).

Hot and cold wallet

Cold wallets are a way to store funds offline. These include any tools that are not tied to the network. Cold storage eliminates the interaction of the wallet and the online network, which significantly reduces the likelihood of theft.
Advantages: Higher security. The possibility of offline storage.
Disadvantages: Poorly adapted for regular payments. May be lost with the carrier. Require backup.
Hot wallets are programs designed to store digital coins with a constant Internet connection which allows you to send cryptocurrencies anywhere.
Advantages: Great for regular and micropayments. Convenient and easy to use. Do not require physical media.
Disadvantages: Can be hacked. Always connected to the Internet. If you uninstall the program, you may lose access to your wallet forever.

Types of wallets

There are five types of digital storage that you can use.
1. Online Wallet This is a service owned by a third party. Depending on the wallet device, the keys are stored on a remote server or downloaded as an encrypted file to the user’s computer. They allow not only to open several wallets for different cryptocurrencies, but also to carry out convertible operations, trade on exchanges, calculate commissions with the help of built-in calculators, etc.
Advantages: Quick registration. Anonymity. Verification is not necessary. Ability to work with multiple cryptocurrencies.
Disadvantages: Risks inherent in cryptocurrency exchanges. There is a possibility of wallet to be hacked. Additional expenditure.
There are no reliable ways to protect funds on such platforms. Therefore, recommendations for the protection of funds are reduced to the diversification of risks, that is, working simultaneously with several wallets.
Examples of popular online wallets: HolyTransaction. The multi-currency wallet, founded in 2014, supports more than 10 of the most popular cryptocurrencies. It has an intuitive interface, Commission in comparison with other wallets. Coinbase. The wallet, created in 2012, supports bitcoin and ether. Cryprtonator. The most popular multi-currency wallet in the CIS.
2. Mobile Wallet This is a program to install on mobile gadgets. Interesting for those for whom cryptocurrency is a means of payment for goods and services. The current version of the blockchain is usually stored on the application server that provides access to updated data and does not require a large download of data to the phone.
Advantages: It can be safer than online wallets. Conveniently use on the go. Offer additional features such as QR code scanning.
Disadvantages: Unfortunately, mobile wallets are not the most secure. Therefore, it is hardly suitable for storing large amounts of funds.
Examples of popular mobile wallets: Coinomi. One of the best wallets for Android that supports more than 50 cryptocurrencies. Its advantage is the ability to enter seed-phrase, which allows you to recover wallet data. Xapo. Wallet from California company that supports Bitcoin. Access to the funds in the wallet is insured, it is possible to issue a debit card, you need to bind a mobile number.
3. Hardware wallet
This is a separate removable device like a flash drive. This method of storing keys is not very popular yet, because it is suitable only for long-term storage (it is inconvenient to trade with it). But it does not overload the computer.
Advantages: Private keys are never exposed to your computer. The hardware is immune to computer viruses. Your hardware requires you to confirm a transaction on your device (not the app on your computer) before any coins can be spent.
Disadvantages: The only downside to hardware wallets is that they cost money. However, it might be worthwhile to consider investing in a hardware wallet because they are more secure; especially if you hold a significant amount of coins.
Examples of popular hardware wallets: KeepKay. Supports 4 major cryptocurrencies. Ledger Wallet. Trezor.
4. Desktop wallet
These are the programs that you install on your computer.
Advantages: Desktop wallets store keys on your hard drive. Considered that its one of the most reliable options among offline wallets. It is a program installed on your computer, with which you can access data about your cryptocurrency account.
Disadvantages: Their disadvantage is the need for constant updating, which takes a lot of memory. Because desktop programs are divided into “thick” and “thin”. “Thick” (“heavy”) program, who are themselves from the very beginning, download whole blockchain and keep them updated. “Thin” (“light”) — download the necessary information from third-party services. Despite the fact that the file with the key remains on the computer, there is a risk that the data from the services will not be downloaded the ones that are needed.
Examples of popular mobile wallets: Exodus. Has an integrated exchange platform ShareShift supports 7 cryptocurrencies. Bitcoin Core. One of the best wallets for bitcoin, working with all operating systems. Armory. In addition to Bitcoin Core, which allows you to increase the level of storage security.
5. Paper wallet
A unique option for storing keys, which is a printout of a picture with a QR-code containing a public address and a private key. Long-term storage option for those who do not trust electronics.
Example: bitaddress.org
Each wallet has its advantages and disadvantages. Which option to choose depends on the goals.
submitted by SwapSpace_co to bitcoin_uncensored [link] [comments]

The block chain, which is “artistic”, presents both challenges and opportunities

The block chain, which is “artistic”, presents both challenges and opportunities

https://preview.redd.it/3ph917604c131.png?width=617&format=png&auto=webp&s=508a0a8bff1323516332079c1bf53f012006b5cb
At the armory show in New York in March 2015, media magazine “the observer” conducted a survey to see which galleries were willing to accept blockchain deals. As a result, none of them could be found. This basically represents the views of frontline art dealers in 2015.
Art is avant-garde, but why is the acceptance of technological development a bit conservative?
In the 21st century, with the continuous progress of science and technology, all walks of life are affected by words like “intelligent” and “automation”. And technology and art have been trying to combine, although there are a lot of art derivatives like digital museums, but the actual application of technology of art cases are very few. “The observer” concluded that bitcoin could not be used in art.
However, just two years later, at the New York armory, the prestigious Ronchini gallery announced that it would accept bitcoin as a currency of exchange. A new work by Dutch contemporary artist Berndnaut Smilde, Nimbus powerstation, will appear at the armory exhibition with a price tag of “one bitcoin” (about $10,750).
https://preview.redd.it/w9h37yh34c131.png?width=606&format=png&auto=webp&s=7d88e8845bac2b572b34c7eaa0035dddcd688903
This move is of great significance to the development of blockchain in the art world. Blockchain, which was not accepted by the art industry at the beginning, has entered the art world with a new attitude.
In fact, blockchain is a new application technology of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. It is an important concept of bitcoin. In essence, blockchain is a decentralized database, which is also the connection point between blockchain and art. To put it simply, blockchain can build an art information registration platform, which is a decentralized fixed database. Since blockchain can store all kinds of information of users, and all kinds of information can be encrypted, the transaction records will be sealed in the database after the specified time and cannot be modified.
The stumbling blocks to the art market are well-known: provenance, transparency, copyright, ownership, art appraisal and authenticity. It comes down to the integrity of the art market. Then, through the “artistic” block chain, that is, the filtering of the art information registration platform, the circulation of artworks will be fixed and transparent. The unique registration information of artworks also makes art collectors trust art market more. This is of great significance to the circulation efficiency of artworks in the art market. In fact, many art startups are already building blockchain-based art registration and sales, with great success. They establish a global classification of works of art and collectibles, not only increasing the availability of existing works for collectors and artists, but also providing direct value to artists and insurers.
The traditional way to identify works of art is to use the knowledge, experience and eyesight of experts to distinguish the authenticity of works of art. However, with the continuous development of production technology, the imitation degree of fakes is getting higher and higher. While experts are trying to identify fakes, they will also be influenced by human feelings and personal interests. Therefore, they are not absolutely objective and reliable. In order to overcome the problem of integrity in the art market, scientific and technological identification comes into being. Scientific and technological identification mainly focuses on dating, structure and chemical element analysis, and adopts modern detection methods to lock the microscopic information of the material form of artworks and store it in the database for certification and filing. At the same time, China has also established a relatively perfect scientific identification system.
Even so, will the long-term ills of the art market be cured? The answer is no. According to the survey, the market for forgery and fraud is as much as $6 billion a year, with no clear information on the authenticity or provenance of works. At the same time, there is no clear standard for the evaluation of the value of artworks. People usually make the identification of artworks authoritative, that is, evaluate the value of contemporary artworks according to the words of authoritative figures. As a result, the trust crisis in the art market keeps breaking out.
Faced with these long-standing “pain points” in the art market, the emergence of blockchain provides an opportunity for the art market to regain trust. Blockchain’s entry into the art world, as mentioned at the beginning, is a bold innovation and optimization of the traditional model. The advantage of blockchain lies in the openness and transparency of information, and the stored artwork information cannot be tampered with, and the absolute reliability of data. Its strengths hit a sore spot in the art market: a lack of record keeping and an unclear source of art.

https://preview.redd.it/zyau2dd54c131.png?width=624&format=png&auto=webp&s=f16ae2c1817d1e0266c8e2b0ccd4a1b02a256486
However, blockchain is a brand new technology, which still faces huge challenges in the development of art market. After all, this is a new technology, and it requires a lot of research and development costs. Moreover, after blockchain enters the art market, new technologies will collide with art in a digital way, which will inevitably encounter severe tests of aesthetics. This is because, at the moment, there is still a large group of artists who believe that digitisation and technology will automatically reduce people’s perception of the beauty of art.
Second, blockchain’s entry into the art world requires a legal test. At the G20 summit in Shanghai, an attempt was made to apply smart contracts to blockchain, but questions were raised about arbitration rights and the stability of contracts. Similarly, these problems are also faced in the combination of blockchain and art field. Finally, data is a key part of blockchain, which needs the cooperation and data provided by global art trading and auction houses to develop better. However, for a long time, the trading records of art auction institutions around the world have been independent and relatively closed, so it is extremely difficult to query the trading records.
Buyers are scattered, and it is difficult to provide information about existing works of art. Therefore, there is still a long way to go before the data of blockchain is perfect and reliable and can be Shared globally.
Blockchain, as a new friend in the art field, if it develops smoothly, it will solve the long-standing huge pain points in the art market and generate huge economic benefits. All the challenges blockchain faces provide opportunities for its development in the field of art. John young, a famous Australian artist, said of the power of blockchain technology: “blockchain technology will redefine the art industry’s traceability system, just like photography in the 19th century. It will redefine the art market in terms of originality, reproduction and value, and improve the chaos that has been created by large-scale mechanized image production since the 20th century.”
While “artistic” blockchain has many advantages, can it directly address these challenges? We should have more hope for it.
Art Dip #art #blockchainart #artist
submitted by DIPArtSpace to u/DIPArtSpace [link] [comments]

WHAT THE FUCK! i didnt have enough gb on my ssd to download the blockchain, and it deleted folders such as users and more to make room, now i cant do a system restore

Fucking piece of shit! They should tell ppl this. FOR FUCKING SAKE NOW I GOTTA WIPE MY DRIVE CLEAN INSTALL WINDOWS AND EVERYTHING. Like WTF! now itll take days to redownload the whole fucking blockchain
submitted by buritobandito to Bitcoin [link] [comments]

Newbie in sub, oldtimer in LTC.

Hi all. I bought a bunch of BTC and LTC in 2012 and 2013, mostly because the principles of sound money appeal to the libertarian in me. I put them all in armory paper wallets, which I promptly lost in my filing cabinet!
When I found the BTC wallet in April (stuffed in between old bank statements and utility bills OBVIOUSLY!) I sold most of my BTCs to liberate my family from debt, and was pretty happy with myself until November. Lol. Now I'm a little bit salty!
Still, I kept all my LTC, and I have to say that as the price booms, it piques the public interest more and more, and the dream of a sound money free from government/central bank interference becomes more and more real. Nearly all of my friends have been in touch this month with "I remember you carrying on about this Bitcoin thing years ago, and now it's in the news so I want to actually listen to you now" type conversations.
Anyway, I'd like to say to the people upset with Charlie, most kindly, I understand why you're upset. That said, remember that this is a long game, and a revolutionary game at that, and we're only at the very beginning. LTC and other cryptos will change the financial world, and it's really about freedom and independence, not making huge profits (although you will if you just hodl, even if it's just because the fiats collapse). Don't worry too much about the price. I truly believe and have always believed that by 2030, BTC and LTC will be so valuable that it won't matter if you bought at $10 or at $10000! Worry more about the development of the technology, and do what you can to support it.
And smile! Average Joe is just cluing on now, and trying to figure out what a wallet is. There's an insane road of growth, failures, new applications, and government crackdowns ahead. It will be beautiful, it will be ugly, but at the end, we'll be free!
submitted by Alljas to litecoin [link] [comments]

03-02 20:34 - '[Help Required] Armory Wallet Not Functioning' (self.Bitcoin) by /u/PlayOf5 removed from /r/Bitcoin within 1150-1160min

'''
I'm no expert in managing applications and computers in general, so I need help from you guys to fix an issue I have.
I transferred a significant amount of bitcoin to Armory wallet, and I've had trouble setting it up and getting it to go online mode. I have downloaded Bitcoin core and installed the 220gb worth of logs.
The problem is Armory is stuck in "Organizing blockchain". I've even left it there for days on end waiting for it to get completed.
What should I do to get Armory working so I can actually access my bitcoins? Thank you.
[link]1
'''
[Help Required] Armory Wallet Not Functioning
Go1dfish undelete link
unreddit undelete link
Author: PlayOf5
1: **r*dd*it/ch*k0u*ss*j21.png
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

About Bitcoin Unlimited

Hello,
A few days ago I felt the pain of limited block size. For this reason, I'm determined to be a part of the solution, and the solution of my choice is Bitcoin Unlimited.
I'm wondering what I should do: is the Bitcoin Unlimited client a drop-in replacement to Core for RPC applications (such as the Armory Wallet)? Is running a node even useful if you don't mine? Does it use the same blockchain files or will it download everything again?
submitted by streamholder to btc [link] [comments]

Bitcoin Armory-Getting Started[HD] Forging the USB Armory Bitcoin Armory Walk Through How to install Bitcoin Armory in Ubuntu 14.04 How to Download and Verify the Armory Bitcoin Wallet

Here are the best 10 Bitcoin wallets you can use. 1 – Bitcoin Armory. If you looking for enhanced security for your coins, Armory is a great choice for you. Armory is a full bitcoin client, it’s system is not hosted on the web hence you have to download the entire system blockchain before you can make use of this wallet. Python-based fully-featured Bitcoin Wallet Software. Alternatively you can run “sudo make install” after building and it and it will install Armory onto your Ubuntu system, including but shortcuts in your the Applications –> Internet menu. Armory enables users store their Bitcoins with the highest degree of security, previously only available to those with programming experience and a technical understanding of Bitcoin. Armory is Armory Wallet Review: Features and How-to-Use Guide. Armory is one of the first Bitcoin wallets. Created back in 2012, this open source wallet offers a high level of security and it is a popular choice among the slightly more advanced cryptocurrency community. Prior to 2012 cold storage was a theoretical subject with very few real-world Port details: bitcoin-armory Desktop bitcoin management system 0.93.3_8 finance =0 0.93.3_8 Version of this port present on the latest quarterly branch. DEPRECATED: Qt4 has been EOL since december 2015 This port expired on: 2019-03-15 Maintainer: [email protected] Port Added: 2014-08-23 20:17:27 Last Update: 2019-03-16 21:55:51 SVN Revision: 495967 License: AGPLv3

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Bitcoin Armory-Getting Started[HD]

Bitcoin Armory Troubleshooting Offline Node - Duration: 10:57. Bitcoin Nick Rambos 985 views. 10:57. BitCoin Mining Hardware Guide ft. CRAZY Obsidian Mining Rig - Duration: 8:30. The security applications of the implemented concept are explored, illustrating the advantage of an open USB device with increased computational power. ... Bitcoin Armory Setup - Duration: 14:37 ... How to install Armory 0.93 and Bitcoin Core 0.10 on Windows 7, and how to create your first wallet. A guide for beginners. Enable subtitles in the video. If you like the guide, feel free to send a ... Bitcoin Armory Troubleshooting Offline Node - Duration: 10:57. Bitcoin Nick Rambos 1,002 views. 10:57. Bitcoin vs. Gold: The Future of Money ... How to Download and Verify the Armory Bitcoin Wallet - Duration: 22:31. Rex Kneisley 4,803 views. 22:31. Setting up cold storage in Armory on Ubuntu 14.04 - Duration: 27:01.

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