Tag: private keys

As Bitcoiners turn to Nostr as a censorship-resistant communication platform, user key management problems will arise.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.I suggest, before reading this, that you read the prior...

Not your keys, not your coins Separate devices or hardware wallets for handling cryptocurrencies Create multiple wallets Never store private keys on the computer Private keys or passphrases are best written down by hand on a piece of paper and kept on it, as this makes it almost inconceivable for hackers to get hold of them. Of course, there is still a slight...

Courts and regulatory entities shouldn’t be allowed to impose their uninformed thoughts on Bitcoin private keys in the form of law.This is an opinion editorial by Christopher Allen, founder and executive director of the Blockchain Commons.*Quotes from this article stem from sources here and...

The newest steps in the Solana exploit investigation are being unpacked by blockchain analysis companies as teams work to determine how private keys were taken. About 8,000 private keys used to deplete Solana-based wallets were obtained by hackers, and blockchain auditing companies are still trying to determine how they did it. Investigations are still going […] The post...

It’s important for Bitcoiners to plan for the unexpected and protect the future of their assets.This is an opinion editorial by Prasad Prabhakaran, COO and cofounder of HexaWallet. Over...

Federated sidechains utilize key management to provide security and allow functionality beyond the Bitcoin mainchain.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.Federated sidechains are currently the only deployed type of Bitcoin sidechain (the most recent...

Only using Bitcoin addresses one time is best practice. By using addresses more than once, users give up information that can result in negative outcomes.Listen To This Episode:Apple...

Needless to say, as it stands today and has stood since the first bitcoin exchange was launched, your bitcoin is not safe on the exchanges.The below is a direct excerpt of Marty's Bent Issue #1207: “Reminder to get your bitcoin off the exchange”...

The key to Bitcoin lies in the keys — and scaling based upon the understanding of current shortcomings and where improvements are needed.The Fight For Bitcoin: Round Four“Nothing is built on stone; all is built on sand, but we must build as if the sand were stone.” \- Jorge Luis BorgesThere is no such thing as digital scarcity. Information always...

There are three primary ways to take your Bitcoin participation to the next level: secure your keys, run a node and start mining from home.Congratulations and welcome to the Bitcoin network! This is the beginning of an exciting adventure full of countless resources, lots of helpful mentors and online friends who can become in-person friends if you go to local meetups or...

Celebrate this Proof Of Keys Day by considering the future of Bitcoin security: quantum resistance.When Satoshi Nakamoto mined the genesis block 13 years ago today, giving rise to the Bitcoin blockchain, he sparked a cryptographic revolution — you could store your wealth behind personal private keys.Recognized every January 3, Proof Of Keys Day is an opportunity to reflect on that breakthrough...

The recent launch of bitcoin futures ETFs may have made history, but this exposure is not the same as holding BTC yourself.“What happens if the government makes bitcoin illegal?” is a question you will frequently hear. The underlying assumption — the same one that Prohibitionists made in the...

Here’s why you need to hold the keys to your own bitcoin and never store large amounts on exchanges.#1 – If your coins are on an exchange, you need permission from the exchange to spend them. In your own custody, you can do whatever you want and pay whomever you want, whenever you want, at the fee you want.You will understand...

By practicing these tips, HODLers can ensure privacy in a financial data hungry world.On April 4, 1933, probably only a handful of Americans were prudent enough to hold gold coins in their homes. There seemed to be nothing wrong with keeping the gold safe in the banks, after all. All of this changed a day later when President Roosevelt announced...

Awareness of one's own mortality is a sign of maturity, as is the recognition of the critical importance of securing one’s bitcoin.At the height of the 2017 bull run, I came across a sobering post. It went something like this: there was a young man who acquired about 20 bitcoin early on. As the price went from $1,000 to almost $20,000 over...

Financial services platform Revolut will allow users to withdraw bitcoin to their own wallets, something firms like PayPal should consider.Revolut, one of the world’s largest mobile financial services platforms, historically has allowed users to purchase bitcoin on the platform, but not transfer it to wallets that they control. However, per a leaked blog post found by...

The tech industry abounds with buzzwords and acronyms that seem, at times, designed to exclude the ordinary user. But “UX” isn’t one of these mere buzzwords. User experience is one of the rare bits of tech shorthand that actually mean something to our customers and clients because everybody knows what bad UX looks like. But sometimes, great UX isn’t all that it seems,...

Bitcoin service providers must integrate security best practices directly into their user experiences if they are to deliver the revolution.The tech industry abounds with buzzwords and acronyms that...

Proof of Keys day was initially created as a test for exchanges and other third-party custodians — a way for individuals to ensure that third parties holding bitcoin weren’t operating as a fractional reserve. Let’s face it: It’s likely that many third-party bitcoin custodians are doing just that, and Proof of Keys day is unlikely to change anything. It’s time for this Bitcoin...

Bitcoin is highly technically-secure as a protocol, meaning that there is only one reason why you’d ever lose your coins: human error. As with many things, people are the biggest security vulnerability in Bitcoin and, as we know, humans are far harder to fix than code. Two stories from last month showed how far we are from solving Bitcoin’s security challenge. At the...