Alternative Block Chains : be safe!

[Feruna]

With the way blockchains are developed, it could have been the best way to keep funds or carry out transactions but what actually affect the superiority of blockchain is the issue of the existence of alternate blockchains, these alternate blockchains could come from both valid  and invalid source and once a user fell for the invalid sourced blockchain then that spells the doom of the user because it automatically leads to the loss of funds and that's actually the purpose the alternate blockchains from invalid source were developed.

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[Daras]

Some of the things that put people off in bitcoin and make them vulnerable to are lack of education on how they work and fear of being hack. Below are some tips to protect you from hackers :
1) Chosing a trusted E-wallet
2) Securing device and WI-FI; make sure your device is secured with updated anti-virus software, It is better to use a private  or secured network,
3)Use trusted exchange
4) and most importantly keep your investment quiet.

[JoKleinTopper]

the whitepaper? I don't have the patience reading it...

[Waleedzain323]

Well, the Advice is absolutely great but the problem is not everybody had an active and secure multiple PC so they need to do all their works and minings on the same device it's risky but for the additional security we can definitely use some low-end PC for the other altcoin minings but there are also some issues but everything is not always perfect lol.

[madhursatija]

Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.

Computers give very less yield nowadays. Even with multiple devices your electricity cost will increase.

It doesn't give a healthy yields now. Do check it

[Fregenreht]

In terms of the rate of development, I think now the best blockchain is the BS chain from the binance exchange !!! The transactions are too high on the air. Binance blockchain number one in the blockchain market!

Are the exchange cryptos as diverse and secure as others?

[Alexbenua97]

In terms of the rate of development, I think now the best blockchain is the BS chain from the binance exchange !!! The transactions are too high on the air. Binance blockchain number one in the blockchain market

[thantung3110]

Once again, anyone really knows what NFT are made for? Or it's just made to hold some picture or gifs in your wallet? I just don't get the NFT purpose

[Nutrient]

Also, Nothing beats doing your own research. Go through the stress of researching on the Altcoin by yourself. You can’t always completely trust the words of other people regardless of how solid it might seem.

[MSN02]

I used to use ETH but the fees and how slow it is jut made it impossible for me to keep using the network. After I stopped using ETH I went looking for a good alternative and it took me some time but I ended up finding NEAR and have been using it for NFTs, staking, and etc. NEAR does everything that ETH 2.0 promises and the network is insanely fast and cheap to use. The art in their NFT platforms is also amazing. Staking rewards are 11% and you can also use your NEAR to earn tokens for new projects launching on the network which has been very profitable for me. I’d definitely recommend joining NEARs telegram and learning more about the project. It’s truly changed my life, because when I got into crypto ETH was the place to do all these things but it just got unaffordable as more people used it so moving to a more cost effective network has done a lot for me.

[Capt00]

I advise you to be careful of what prominent members of the Bitcoin community say regarding alternative chains. I know some people who believe that the quantity of confirmations is unimportant and that the total expected time of the confirmations is what matters, and that one 10-minute-average confirmation is more secure than three 3-minute-average confirmations.

[Joshua Jackson]

Reading through the Satoshi whitepaper has revealed a lot about the security threats and challenges your Bitcoin could face when altcoin blockchain run in the same exchange.
I would recommend that you get altcoins with dedicated wallets.
Also, try no to save your Bitcoin on any exchange having other altcoins.

Definitely, you will want to trade with some altcoin and that should be down on an exchange platform where you do not have Bitcoin saved
 

[hainguyen1997]

Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.

i from chiasekinang, I find it very useful

[Kavelj22]

Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.

i from chiasekinang, I find it very useful

Hey Man, that post you quoted is 10 years old. Older than all the altcoins you know, Lol.
I know that the topic is still useful even it isn't updated since published but there are many good topics in the same concept and you don't have to wonder about how to find them because the good ones are here in bitcointalk forum. Use the search option in top page or add you keywords in google + bitcointalk.
Welcome to bitcointalk 

[JrRini]

Important Message


Bitcoin new projects are actually new bounties. In fact, you sell their tokens very quickly, so the price of bitcoin goes down a lot and the liquidity goes down.  Hold it for a while without selling it with you. Leave it for a while. You will see that the shops of the project will close and you will get the price of the token after pumping. You will benefit and the rest will benefit.  .

[vasu_1954]

Thank you very much Gavin,

           The information you provide is very very important.  Indeed, by following this information we can protect our assets.  Usually if our PC has a large amount of bitcoin, we should be very careful in transacting altcoins in that device. I understand the importance of blockchain. I have many devices for security reasons.

[StahlKrupp]

Once again, anyone really knows what NFT are made for? Or it's just made to hold some picture or gifs in your wallet? I just don't get the NFT purpose

The purpose is to have an absolute original you can't clone..
You can copy the jpg or gif millions of times but only the one in your wallet, coded in the blockchain via smart contract , is the real one and has the value (because people pay for)..

But, imo 99% of NFTs are just hype and insanity.. it's a trend of colorful pictures , but with a serious technological background.

[Ashli1989]

Usually people have a computer or laptop. If you have more bitcoin in it then I think it is not advisable to use more altcoin or other coin in it. Speaking of security, I would like to say that no one can stop anyone from attacking various blockchains. I agree with GEVIN ANDERSON. If there is insecurity in blockchain technology then the smart person will adopt 100% irregularity in it. There is no harm in that. Suffice it to say that Gavin Anderson's article is really nice. I congratulate them.

[Iq45]

Blockchain wallets are safest wallet. Blockchain wallets use private key encryption to secure data and all transaction.

[candoopronl]

thanks for sharing it.
Very useful  - non expert must be very careful otherwise you can be easily scammed