Whyknow78
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January 17, 2019, 03:31:49 PM |
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There are a few ethereum clients written in different programming languages and with different performance tradeoffs.
We have to understand this in order to continue! We want to ensure teh compete understanding & comprehensive.
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Christ_bit
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January 17, 2019, 03:32:15 PM |
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This process can take up to a couple days, and will only increase as ethereum grows.
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Croosss123
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January 17, 2019, 03:35:56 PM |
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The wallet then needs to stay in sync with the latest transactions on the blockchain.
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Christ_bit
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January 17, 2019, 03:40:00 PM |
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And for instance the light client option is more convenient, but not quite as safe.
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Whyknow78
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January 17, 2019, 03:42:56 PM |
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Full ethereum clients offer a more secure way of receiving transactions because they do not need to trust miners or nodes to send them accurate information – they validate transactions themselves.
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Croosss123
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January 17, 2019, 03:44:45 PM |
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Storing private keys on a device that is detached from the internet (a method known as ‘cold storage’) is harder to hack and is best used for storing large ether holdings.
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ZackNet1997
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January 17, 2019, 03:48:15 PM |
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There is a trending challenge #10yearschallenge. So let's think about BITCOIN. Bitcoin is a popular word in these days. But in 2009 the name of Bitcoin is uncommon. Also most people didn't trust about it. But few future seeing people had invested in Bitcoin and now they are rich in their life. I think best #10yearschallenge is done by BTC. What do you think?
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Whyknow78
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January 17, 2019, 03:51:51 PM |
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Hardware wallets
Hardware wallets, which are often as small as a finger or two, arguably offer the best of both worlds.
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Choco_boy
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January 17, 2019, 03:52:56 PM |
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Although the method is not as easy to use as when ether is stored on a smartphone or internet-connected computer.
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Croosss123
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January 17, 2019, 03:53:55 PM |
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There is a trending challenge #10yearschallenge. So let's think about BITCOIN. Bitcoin is a popular word in these days. But in 2009 the name of Bitcoin is uncommon. Also most people didn't trust about it. But few future seeing people had invested in Bitcoin and now they are rich in their life. I think best #10yearschallenge is done by BTC. What do you think? This is so true, and not only bitcoin but many crypto currencies that people did not believe into.
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Christ_bit
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January 17, 2019, 03:56:00 PM |
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These secure devices that can often be detached from the internet, and can sign transactions without being online.
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Whyknow78
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January 17, 2019, 03:57:03 PM |
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But we need to remember that, again, this deposit-box-like system is not a good option if you want to use ether frequently or on the move.
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Choco_boy
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January 17, 2019, 03:58:39 PM |
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Paper wallets
Another cold storage option is to print or carefully handwrite a private key on a slip of paper, a ‘paper wallet’, and lock it somewhere secure like a deposit box. Hey look, its poop color xD
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Croosss123
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January 17, 2019, 04:02:10 PM |
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This is what we have online tools can generate key pairs directly on your computer – not on a website’s servers, which could leave keys vulnerable if the site is hacked.
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Christ_bit
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January 17, 2019, 04:04:54 PM |
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It’s also possible to generate keys using the command line, provided you have the necessary cryptographic packages installed for your preferred language. Important thing to read to be honest!! Don't forget
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Choco_boy
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January 17, 2019, 04:07:13 PM |
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All that said, again, if you lose your private key, it’s gone for good.
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Whyknow78
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January 17, 2019, 04:09:30 PM |
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In this case the best practice is to spend some extra time creating multiple copies of the private key and stashing them in different secure locations, in case one is lost or destroyed. Thats all we can do for now
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Christ_bit
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January 17, 2019, 04:10:43 PM |
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Now, what about buying Ether?
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