The use of kcash will have a feeling function too simple, it is true. But this is also the advantage of Kcash, and first of all, it is very easy to use. Secondly, the less the less the possibility of the existence of loopholes will be lower. The following is a simple talk about Kcash security related issues.
One of the characteristics of digital money is centralization, which avoids hidden risks of assets lost and stolen due to the invasion of central organizations (such as trading platform). But in reality, in order to facilitate transactions, there is also a centralized digital money trading platform. Therefore, digital money is still possible to steal. Before some time, OKEX trading platform bitcoin theft incident highlighted this possibility. Kcash wallet reflects the idea of centralization very well. Its account information and private key are completely stored locally, and will not be uploaded to the web server or any centralized organization.
Kcash uses SHA512-ZERO encryption algorithm, multi signature technology and two step authorization verification to ensure asset safety. The 6 digit password and backup assistant words are kept in the security area of the mobile phone, and they are broken network storage, and will not be uploaded to the network. Based on this feature, you need to pay attention to the use of Kcash.
Since 6 digit passwords and help words exist only in the mobile phone, they can not be retrieved once they are forgotten, but there are also several cases. If the 6 digit password is forgotten and can not be retrieved, the password can be reset and continue to be used by restoring the backup by the help. But if in turn, the memorizing words do not remember, Kcash has been uninstalled or the 6 digit password has been forgotten, so the account will not be recovered and the property will be lost.
These characteristics of Kcash make it more like a traditional purse. If you want to steal property from someone’s wallet, unless it is a holder who leaks information to the Internet, it is difficult to steal assets in the wallet through the network.
Besides, in the future, Kcash will add more security functions, such as fingerprint verification, live inspection, mobile phone verification code and so on, to further enhance the security of Kcash. Besides, Kcash will also push more powerful versions abroad. It can seamlessly connect digital assets to bank cards. It can swipe card consumption across the globe through Kcash. In addition, full-featured version Kcash also has different currency exchange functions, so that cross chain transactions can be realized.
Not long ago, trading platform OKEX responded to the user bitcoin theft. It said the platform had not been attacked by hackers. The reason is that the user account password was not properly kept. Whether or not the OKEX is pushing out of responsibility, it is vigilant that we should pay attention to the security of digital assets. Depositing digital assets in the centralized platform will face more risks. Therefore, it is necessary to keep good digital assets in order to choose Kcash or safer wallet.
Finally, there are now many coins bifurcation situation, if you put your money in the center of the organization (such as exchange), then you will face is willing to exchange the problem when cents and cents. There is a risk that many exchanges would like banks with the reserve mode, for example, the exchange is only 2BTC, but the total amount in the flow of the user account is 10BTC, so once the exchange by the reserve mode, when the bifurcation when trading is only 2 BCC bifurcation, and the actual user to mention go is 10 BCC, bifurcation currency exchange could not pay the full amount of the user, so the exchange may adopt completely or not to mention the cents coins, and even some central institutions will take losses of the model, that users can only access the currency should share a certain proportion of bifurcation of currency, rather than full. If you use Kcash’s centralization wallet, the private key is in your own hands. Once branching, you can immediately put forward your own fork money, no time limit, no loss of money, completely controlled by yourself. So, if you want to make a fork, be sure to put money in your own purse, such as Kcash.
In this way, it is safe and convenient to be reliable without losing the function of the purse.
