Bitcoin Security 101 ???? What You Need To Know During a Hard Fork

11,741 Views · Posted 7 years ago

The Bitcoin hard fork is coming on October 25th. Bitcoin will split again into Bitcoin and Bitcoin Gold.

In this episode of crypto riot we look at the safest ways to store bitcoin and other cryptocurrencies during a hard fork. We also explore some of the industries best practices for keep crypto safe and explain some basic cryptography concepts.

Here are my notes for this video
Leave it on exchanges
Paper wallet
software
Hardware wallet
-Trezor Wallet You trust open source
-Ledger You trust Secure Element
You're much more likely to lose your money due to accidentally throwing away that paper or some other everyday normal stuff, than some l33t-hax0r targeting specifically you, which might also be infeasible (as can be read in the linked article.)

Iphone wallet
Blockchain’s iOS wallet is fully open source and tested by millions. It’s secure, packed with features, yet intuitive and simple to use. It has been audited by leading security researchers, who have never successfully cracked any of its many security mechanisms.

Jaxx Blockchain Wallet
Jaxx is a multi-platform wallet that runs on iOS, Android, macOS, Chrome, Windows, Linux, and soon also on dedicated hardware. It successfully combines an elegant user interface with robust features and state-of-the-art security. Jaxx supports multiple cryptocurrencies and stores all private keys locally, so you can be sure that nobody besides you can access your digital treasure.
While Jaxx isn’t open source for various security reasons, the developers still allow code inspection in multiple ways. To show they have nothing to hide, they’ve even placed a button that allows anyone to view the source code right on the home page.

Desktop wallet - Exodus
Exodus is a beautiful local Ethereum wallet available for Windows, Mac, and Linux.Exodus encrypts private keys and transaction data locally, and it supports Aragon, Augur, Bitcoin, Decred, Dash, EOS, Ethereum, Golem, and Litecoin.

2fa enabled and installed on multiple phones, do not rely on text messages
Whitelist

Talk about advantages of splitting coins between multiple accounts

Video Tags

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