In the world of cryptocurrencies, decentralized finance (defi), and Web3, airdrops have become commonplace in the industry. However, while airdrops sound like free money, there’s been a growing trend of airdrop phishing scams that steal people’s money when they attempt to get the so-called ‘free’ crypto assets. The following is a look at two different […]
Powered by WPeMatico
]]>
In the world of cryptocurrencies, there’s a lot of discussions and lessons when it comes to digital asset security and one of them is multisig wallets. The term multisig stands for multi-signature and the following post will teach anyone how to create a 2 of 2 multisig wallet. Years ago cryptocurrency developers came up with […]
The post Bitcoin Security 101: How to Create a 2 of 2 Multi-Signature BCH Wallet appeared first on Bitcoin News.
Powered by WPeMatico
]]>
When an individual first joins the cryptocurrency economy and obtains their first bitcoins, at times the process can be daunting. Most veterans will often tell newcomers that they need to secure their coin’s private keys in order to enjoy sovereign ownership. However, most people are not taught how to keep their 12-24 word seed phrase […]
The post Shamir’s Secret Explained: Distributing a Seed Phrase Into Multiple Parts appeared first on Bitcoin News.
Powered by WPeMatico
]]>
Over the past year, there has been a lot of forked coins based on the Bitcoin Core (BTC) codebase in various forms and with all types of interesting names. There are anywhere between 40-70 forked coins in the ecosystem that are worth a few bucks, while some of them are worthless and not worth the […]
The post A Look at the Long and Annoying Process of Claiming Bitcoin Forks appeared first on Bitcoin News.
Powered by WPeMatico
]]>
There are a lot of people people who own cryptocurrencies, and then there are those who think they own these digital assets, but in actuality don’t possess the private keys because they are held with a third party. Learning how to securely archive records that hold private keys like a JSON file or exporting, importing, […]
The post Bitcoin Ownership: Your Private Keys to Financial Sovereignty appeared first on Bitcoin News.
Powered by WPeMatico
]]>
A new startup called Revealer is on a mission to create sound backup solutions for cryptocurrency mnemonic phrases and seeds. Just recently the company launched its first product dubbed ‘Revealer Zero’ – a small card system that visually encrypts and decrypts digital currency seed phrases or any alpha-numerical secret. Also read: German Cops Look Hard at […]
The post Revealer Card Visually Encrypts a Cryptocurrency Seed Phrase appeared first on Bitcoin News.
Powered by WPeMatico
]]>
The method of atomic swap trading within the cryptocurrency space has become a hot subject, and a few software development teams have been working on this type of cross-chain technology. One group is Komodo, the creators of the decentralized exchange ‘Barterdex.’ The trading platform reveals a total of 90,663 successful atomic swaps have been executed […]
The post Testing Cryptocurrency Atomic Swaps With Barterdex appeared first on Bitcoin News.
Powered by WPeMatico
]]>
On the first day of the three-day event Satoshi’s Vision Conference in Tokyo the creator of a project called Safewords presented a new solution to safeguard cryptocurrency ”passwords”. Smartwords is a 2-out-of-3 distributed backup kit for your mnemonic seed words. Also read: Zhao Dong Recounts How He Lost 9,000 BTC Safewords – a 2/3 Distributed Backup […]
The post Meet Smartwords – Distributed Backup for Cryptocurrency Keys appeared first on Bitcoin News.
Powered by WPeMatico
]]>