Bitcoin Forum
September 26, 2018, 12:14:06 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: OmniWallet.org online wallet - how it works?  (Read 44 times)
Uniex
Newbie
*
Offline Offline

Activity: 109
Merit: 0


View Profile
April 03, 2018, 05:19:57 PM
 #1

Their page says https://www.omniwallet.org/about

Quote
Private keys are never sent to the server except in an encrypted form

So how then they can sign transaction from address, if private key is encrypted ?
1537920846
Hero Member
*
Offline Offline

Posts: 1537920846

View Profile Personal Message (Offline)

Ignore
1537920846
Reply with quote  #2

1537920846
Report to moderator
1537920846
Hero Member
*
Offline Offline

Posts: 1537920846

View Profile Personal Message (Offline)

Ignore
1537920846
Reply with quote  #2

1537920846
Report to moderator
Make a difference with your Ether.
Donate Ether for the greater good.
SPRING.WETRUST.IO
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
jackg
Copper Member
Legendary
*
Offline Offline

Activity: 1148
Merit: 1104


View Profile
April 03, 2018, 05:56:43 PM
 #2

Their page says https://www.omniwallet.org/about

Quote
Private keys are never sent to the server except in an encrypted form

So how then they can sign transaction from address, if private key is encrypted ?

Ideally, most of these things work by having you give a password that decrypts the encrypted private key.

Such that, your addresses can be accessed, but all they have are strings of encrypted private keys, which only your password can decrypt. so it's you who signs the message from your end (instead of them).

TryNinja
Hero Member
*****
Online Online

Activity: 770
Merit: 761


ChipMixer's Badge of Honor


View Profile
April 03, 2018, 05:57:23 PM
 #3

My guess: the private-key is decrypted (with your password) and temporarily stored locally. You are the one signing the transaction.

Edit: jackg came here first ;(

bob123
Hero Member
*****
Offline Offline

Activity: 686
Merit: 568



View Profile WWW
April 04, 2018, 02:23:37 PM
 #4

While it can't be verified if they really only store the encrypted version, it would probably be more secure to check their github[1]
and download/compile the 'wallet' yourself.

This way you at least know what code is running in your browser.

[1] https://github.com/OmniLayer/omniwallet/

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!