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Author Topic: Alternative Block Chains : be safe!  (Read 937263 times)
runikovsky
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September 02, 2018, 07:37:41 AM
 #1521

Well ... it was a valuable experience, which taught many people that the selection of investment objects should be more exacting. I believe that the tightening of the requirements for the ICO will lead to the fact that only teams that have a really cool project with a good elaboration of implementation plans will go to this stage.
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MalcolmBee
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September 02, 2018, 03:22:06 PM
 #1522

The Blockchain is the basic innovation supporting computerized monetary standards like Bitcoin; it's a decentralized stage that safely forms exchanges through encryption
Since this innovation can't be claimed by any o individual, organization, or element, and every client can view or access the territory of Blockchain at any given time, the Blockchain has turned out to be progressively commended as another fundamental convention and framework to do totally new and progressive capacities that greatly affect business, industry, government, and conceivably society
runikovsky
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September 03, 2018, 08:30:09 AM
 #1523

  I totally agree that people shouldn’t  invest more money or time than they can actually afford to. Making some investments are giving us hope about future but we should never forget to do good research and be safe before making an investment.
baribori45
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September 03, 2018, 09:42:34 AM
 #1524

The fact of the matter is continually guaranteeing wellbeing in all exchanges. There are elective shut chains truly are turning out and numerous altcoins are likewise out in ICOs and Airdrops, yet this things are dependably at our own hazard. It is dependably up to us on how we understand on whats going ahead with the market that we are into.
Maharani700
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September 03, 2018, 04:14:01 PM
 #1525

actually i agree that many people should think first before doing investment. doing investment is make us hope about future, bad or good result.
karambol13
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September 04, 2018, 05:58:04 AM
 #1526

All we know that there's so many altcoins and it's difficult to find what's the best altcoin that is not scam, that we truly can trust. But the most important how to be safe is don't ever ever give your private details to anybody, if possible change or use different password for your email to see your coins to be safer!
MrLBE
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September 04, 2018, 08:42:02 AM
 #1527

Agreed with the topic. I've find myself these solution: run on virtual machine (so that any malware, virus... cannot harm my personal data).
olarrtt
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September 04, 2018, 02:59:19 PM
 #1528

Phishing sites are up and down the internet now from scammers to steal ur coins.
Hardware wallet is the most secure but if you can't afford it ..kindly get metamask from Google chrome.is still a bit secure
steve-rodrigue
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September 04, 2018, 03:43:39 PM
 #1529

I totally agree with the topic.  This is why I like new blockchain projects that use existing technology as their foundation.  If you are building a PoS sidechain for example, and you are using Tendermint, I feel a lot more comfortable than someone that just created a new byzantine fault tolerant concensus algorythm from scratch.

This is because I already reviewed Tendermint's code and can focus only on the business code of that new project, rather than the blockchain code itself.

Oh, and I prefer if they use dependencies over forks.  Forks can be easily manipulated to inject vulnerable code.  Dependencies uses the code that is in the git repository of the project maintainers.

Thanks,
Steve
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September 04, 2018, 07:29:03 PM
 #1530

Good advice, which has not lost its relevance. Altcoins have already firmly entered our life, but I still treat them with caution and carefully choose ICO in which I want to participate, because I'm not ready to throw my money in the wind.
Maximillllian
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September 05, 2018, 07:38:12 PM
 #1531

I haven't seen anybody post about what would be my biggest worry if I were trying out alternative block chains. I realize this may be perceived as "Gavin is FUD'ding anything that isn't bitcoin!"  (FUD == Fear, Uncertainty and Doubt)  But I think some of you might be forgetting some basic computer security fundamentals in the excitement to be early adopters.

When I first heard about bitcoin, my questions were:

1) Can it possibly work (do the ideas for how it works make sense)?
2) Is it a scam?
3) If it is not a scam, could it open my computer up to viruses/trojans if I run it?

I answered those questions by:

1) Reading and understanding Satoshi's whitepaper.  Then thinking about it for a day or two and reading it again.
2) Finding out everything I could about the project.  I read every forum thread here (there were probably under a hundred threads back then) and read Satoshi's initial postings on the crypto mailing list.
3) Downloaded and skimmed the source code to see if it looked vulnerable to buffer overflow or other remotely exploitable attacks.

If I were going to experiment with an alternative block-chain, I'd go through the same process again. But I'm an old conservative fuddy-duddy.

If you want to take a risk on a brand-new alternative block-chain, I'd strongly suggest that you:

1) Run the software in a virtual machine or on a machine that doesn't contain anything valuable.
2) Don't invest more money or time than you can afford to lose.
3) Use a different passphrase at every exchange site.


Alternative blockchains are a big problem. Many are scammy and osianna part is not allocated from the gray mass
amazura
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September 06, 2018, 05:50:57 AM
 #1532

Sure, it can work. The idea that token isn't based on ETH or BTC protocol is that the team want to be individual. Awesome!
AutoBlockX
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September 06, 2018, 02:07:40 PM
 #1533

As a general rule, if you are dealing with a number of cryptocurrencies and coins, and working from just one computer, you should have some serious defences in place. You have pretty much covered it all in your original post and this really is a concern bitcoin investors should be looking into.
BTCFLOW07
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September 09, 2018, 11:51:25 AM
 #1534

try not to think everything that conspicuous individuals from the Bitcoin people group need to say in regards to elective chains. Specifically, I know a few people believe that the quantity of affirmations doesn't make a difference and the only thing that is in any way important is the aggregate expected time of the affirmations, with the goal that 1 10-minute-normal affirmation is more secure than 3-minute-normal affirmations. In the event that you read Satoshi's paper it's unmistakable this isn't valid; the quantity of affirmations is in reality more critical on the grounds that exchange security increments exponentially with more affirmations. (His paper has inexact figures; you'll see that tolerant 1 and 2-affirmation exchanges is genuinely unsafe.)
Ajahboi1
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September 09, 2018, 05:05:18 PM
 #1535

The best way to prevent or avoid any form of hazards on one's crypto is to ensure that strong malware are built on the gadgets or systems used for mining as most Hackers tends to use some software to try hack into one's account thereby having access to all details and thereby swerving them
Genesis Crypto
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September 11, 2018, 11:26:28 PM
 #1536

alternative blockchains are quite risky, so my advice is to be very careful and study each blockchain platform in detail before you start working with it. fortunately, information about many of them is more than enough
Diegre5
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September 12, 2018, 03:53:27 PM
 #1537

 We have smart contracts and Programming software which create blockchain within some minutes. Technology has changed drastically.
Regeal414
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September 14, 2018, 03:45:10 PM
 #1538

BTC is all around created blockchain, so you don't have any reason not to work with different dealers!
Fmradio98
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September 16, 2018, 07:28:51 AM
 #1539

much obliged for the counsel. In the crypto world it's in every case great to be somewhat moderate to your income so you don't open yourself to chance unstable and dynamic market
primatnok
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September 16, 2018, 08:42:11 PM
 #1540

Blockchain exists on the traverse among financial issues and innovations.Other structures also depend on what you need or are willing to donate.
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