Alternative Block Chains : be safe!

[greydking]

It is critical to know the nature of the company and the teams behind ICOs. Most of the companies are newly incorporated, but many founders have been around in their respective industries. And second important thing is that the product or service they offer must address a real need area and use revolutionary solutions.

[definitelynotabot]

Hello friends, I want to tell an obvious fact. If you want to save your coins, you should pay attention to the security of your electronic wallet, namely, beware when using third-party software.

Yes. Agreed.

And, look out for phishing and scam sites, and lately I am also seeing a lot of scam "airdrops" doing this, i.e. they are claiming that they need the private keys to your ETH wallet so that they can "verify" you to send you their free tokens. Argh!! Just today I found another scam "airdrop" for Zilliqa (the newest scam site targeting Zilliqa that I just found, zilliqa.online , claims they need your private key to your ERC-20 compatible wallet to send you "free" "airdrop" ZIL. Info about this may have been posted somewhere on here already, but just in case, I thought I would shout it out to everyone here to avoid it. I don't know much about the REAL Zilliqa project, as it is not one I've researched at all, but this zilliqa.online site is definitely a scam.)

I know this is obvious to many of us, but to newbies-- just remember to NEVER GIVE ANYONE YOUR PRIVATE KEY(S). If a project or website is asking for this info, they ARE going to scam you. I don't care how legit it might look. If someone gets your private key, they own everything in your wallet.

Peace, y'all.

[thachthuat]

Thank you Gavin.

The only things I might add is that "use a different password" isn't limited to exchanges, but applies to forums, emails, and even pools Wink , and that some antivirus heuristics seem to hate anything that has mining code in it and isn't explicitly whitelisted.

[survey01]

The world of cryptography is very big and risky, so it is always good to be calm and patient.

[NOTORIOUST1]

well i kind of agree with you on this and don't at the same time i mean yes there are some projects out there promising everything under the sun (example 1billion tps, speed , scalabality , interoperabily) and have wayy too ambitious roadmaps wich in turn makes them not deliver on there initial promeses in due time but there are some projects out there that are really tackling the challenges and trying to learn and improve on the model that bitcoin put before so yeah the number of credible projects is really small when talking about platform project .

[fraggyb]

Hello. if you really intend to make money on the crypto currency. Then you should be concerned about the safety of your electronic wallet. Do not use third-party software. Use a password of increased complexity.

[izza123]

I am sure that at the moment when the situation on the market is not stable, participants should invest their funds in several currencies, and not focus on one, for example, on bitcoin. I believe that this will protect your resources.

[BivanF]

well that was a good read and it obsolute is a little eyeopener for me  realzing that only bitcoin is the true hero here and all other blockchains are just (alt)coins

but still cannot resist buying altcoins

[bankarpit]

 don't believe everything that prominent members of the Bitcoin community have to say about alternative chains. In particular, I know some people think that the number of confirmations doesn't matter and all that matters is the total expected time of the confirmations, so that 1 10-minute-average confirmation is more secure than 3 3-minute-average confirmations.

[latchookart]

Just to add my two cents here, I would be particularly wary of alternative cryptos advertised on Facebook work-from-home groups. I have seen a plethora of those, and have done my due diligence on a bunch of them. They generally state that they are the next best thing in cryptocurrency. Stay away if they do not have a long history of verified people who have received verified earnings.

[untilshok]

Using an alternative cryptocurrency client will be a great way to get a lot of people to install a hidden virus that is designed for bitcoin users.

[vaniril]

hi everyone!
If you are interested in a safe blockchain and exchange, take a look on digitaltokens.io
You'll be surprised to see how fast and secure are all the transactions!
These exchange and blockchain were made to support a new coin, XFC, but you can also trade with BTC, XRP, LTC, DOGE, ETH.

[timoshani]

In the ERC-20 now testing some alternative variants of main net, but I think it's not good when every token will have own type of blockchain. It is very difficult to synchronize all transactions and in the next step to exchange tokens.

[minime0105]

well that was a good read and it obsolute is a little eyeopener for me  realzing that only bitcoin is the true hero here and all other blockchains are just (alt)coins

but still cannot resist buying altcoins

I know, right? Like, I like to think Bitcoin would be fine but with all this negative press it knocks down the confidence while on the other hand Ripple has had good press and its not doing that well... I got some XRP and other altcoins and I'm still waiting to be in good profit

[husanlarisa]

Regarding alternative block-chains, you said right things.
No matter how old the rule or concept is, if it's proven by time, then it's a precious finding.
I always look for whitepaper and try to read it carefully, if I got interested in a certain project, mostly from bounty hunting practise.

[IntelligentIdiot]

This post was made like seven years ago and up to now it still I mean definitely still makes sense the warnings and the recommendations given by the poster. I always make sure that I get whitepaper info and also get feedback from other users and investors of the said coin too see if there might be potential threats on it. I also use my old laptop for staking coins and make sure I do not put any valuable info on the said computer.

[ArunTomar]

Yes actually the most secure is to install bitcoin wallet on your computer!
Just stayed Backup every day to keep watch if our computer is damaged
Nothing is safer than Bitcoin wallet in addition to personal computers

[npnam.go]

I follow the Blockstream using the Lightning network since testnet and this network looks promising

[Honourable11]

When Bitcoin started it was geared very much towards the business owners and not the consumers so you will find many more advantages to use them if you are a business owner. This does mean that more and more businesses will eventually start using some form of cryptocurrency so if you are buying new coins make sure you research the company and check the unique properties they can offer businesses, this will be a big factor in the success of the coin.

Safety for consumers is a late arrival in the cryptocurrency party, but many new coins are writing rules into the block chains that do protect you. Check Electroneum for the safest new currency, which allows you to store your wallet off-line.

[josephdd1]

BTC remains the most popular currency in the crypto market. But it is noticeable that in recent years the popularity of this currency is declining due to relatively high commissions for ongoing operations. It seems to me, soon the most popular coin for payment can become Litecoin

I must say, I agree with you that the BTC market popularity is reducing and that maybe we should also consider other BTC-likes. But I'm  interested in knowing why to you it seems that Litecoin would become the next most popular coin for payment. Thanks for sharing