Greeting everyone,
I am on a research spree with regards to how I am going to take start staking control of my private keys since purchasing a hardware wallet is on my top priority right now. However, I came up with a few questions and some of the guides that I have read makes me confused about the privacy and security of the wallets.
[1] This guide uses HD-wallets (hierarchical deterministic wallet) with mnemonic seeds (12-24 regular English words). That reduce the risk of fatal mistakes and improves privacy since you don't have to reuse addresses.
If an HD wallet improves the privacy of the user by not reusing the same address overtime why is it that this
person has been caught in using hundreds of bitcointalk account even though he is using an HD wallet?
[2]I wanted to help the bitcoin network to become more decentralized thus, It is obviously required to run my own bitcoin node to help validate my transaction in the bitcoin network while maintaining my privacy. However, Is there any option in running a bitcoin node without consuming a large amount of storage?
Note, the Bitcoin blockchain size is approaching 300 GB. It could take several days to download the whole blockchain. If storage is an issue, you could use “pruned mode”. That way, you´d discard old transactions and only need to store a few GB of data. You won’t be able to help new nodes connect, but you´d still validate everything yourself. If you´re on a limited data plan, downloading 300 GB of data might still be an issue. In that case you´d have to rely on third parties for validating and broadcasting transactions and can skip this step.
[3]Do we have any tutorials in
verifying the digital signature of a downloaded file in different OS? It looks like I also need to master this one since this is one of the fundamentals needed to ensure that the file we are downloading on the internet is not tampered or does not contain any malicious file. As I see it, this is an important skill to master if you are downloading a cryptocurrency wallet where your funds is involve.
These questions pops up in my mind when I read these resources. This is a must read if you want to become a good
bitcoin citizenhttps://github.com/DriftwoodPalace/guides/blob/master/hodl-guide-light/README.mdhttps://github.com/DriftwoodPalace/guides/blob/master/hodl-guide-light-ms/README.mdhttps://github.com/DriftwoodPalace/guides/blob/master/hodl-guide/README.mdAnswers are very much appreciated! I also can't reply as fast as I can since I am doing my pending commission. Thank you for understanding.