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How To Store Ethereum Reddit

Protecting Yourself And Your Funds

Protecting Yourself And Your Funds

If you don't want one of these nifty devices, use cold storage for a majority of your savings. Please. Pretty please. 5. Do not trust messages or addresses or URLs sent via private message. Always verify information w/ a secondary source. Dont click any link regarding anything crypto, money, banking, or a service like Dropbox / Google Drive / Gmail in any email ever. And if the scammy clickbait was simply too irresistible for you, dont enter any information on the page. Never enter your private keys, passwords, sensitive data on a website that you were sent via message Go do it. Right now. Quit your excuses. Choose Google Authenticator over Authy. Don't use your phone number. Then, make sure your phone number is NOT tied to your Google account (look in privacy settings). Turns out, you and your BFF Mr. Hacker can "recover" access to your account via that number, completely destroying the point of 2FA. PS: MyEtherWallet is client-side, meaning 2FA won't do anything in our case. 2FA is for ensuring the security of your password on a server. PSS: Don't forget to cold-storage your backup words for these 2FA things. It's a huge pain when your phone goes for a swim and your entire life is 2FA'd. ? 7. For Token Sales: do not trust any address except the one posted on the official site. Bookmark the URL before the sale, get the address from the URL from your bookmark at time of purchase. Do not trust any other source (especially a random bot on Slack). PS: When are token sales going to start using ENS names? 8. Double check the URL & Triple check Github URLs. Check it. Then, check it again right before entering any information. This is especially important for any sites that require usernames, passwords, email addresses, private keys, and any other personal information. SSL ce Continue reading >>

How To Buy Vechain (ven) - A Step By Step Guide

How To Buy Vechain (ven) - A Step By Step Guide

Click 'Download Keystore File'. Be sure to read and understand the warnings. It's very important that you back this file up somewhere safe (think multiple external hard drives and/or USB drives that you put somewhere safe). Once you've done that, click 'I understand. Continue.' Now you will be given a powerful unencrypted private key to your wallet. Note: Never give your private key to anyone. If you do, they can open your wallet and take your coins. Consider printing out your private key and storing it somewhere safe- then deleting all references to it from your computer. Why? Because sometime in the future you might get a virus, or malware, or visit a website with an advert that has malicious code. These things will target a private key, as it's an easy way to open your wallet and steal your coins. So why print out your private key at all, if it's so insecure? Because it's your last resort. If you lose your keystore file (e.g. your computer gets wiped or damaged), or if you forget your password, with your unencrypted private key you can still access your account as a last resort. There is also an option to print a paper wallet (which displays everything you'd need to access your wallet). If you choose to print this, treat it just like the Keystore file you just downloaded- keep it hidden and keep it safe. Important Note: We all hear of computers and phones being hacked. Websites running illicit code to steal passwords. Phishers tricking people into clicking links that steal information from their computers. Another line of defence to keep our coins from being siphoned out of our wallets is essential. Hardware wallets plug into your computer like a USB stick, and they have one job- to be a firewall between your VeChain and the outside world. To do this, they encrypt t Continue reading >>

Ether Delta Exchange Review

Ether Delta Exchange Review

Ether Delta is a decentralized cryptocurrency exchange built specifically for ERC20 token and Ethereum trading pairs. The exchange runs on Ethereum powered smart contracts that are responsible for managing trading, deposits, withdrawals, and wallet integration. Yes. Ether Deltas decentralized nature, smart contracts, and personal wallet integration make it one of the most secure exchanges out there. You can deposit, withdraw, and place orders on Ether Delta free of charge. When you execute an order (i.e., buying or selling with someone elses existing order), you only have to pay a fee of 0.03%. What is the Ether Delta Exchangeand Can I Trust It? Ether Delta is a crytpocurrency exchange built specifically for ERC20 token and Ethereum trading pairs. The exchange runs on Ethereum powered smart contracts that are responsible for managing trading, deposits, withdrawals, and wallet integration. If youre new to Ether Delta, the general layout may look unsophisticated compared to Bittrex and Binance, and its user interface may be awkward and challenging to use at first. Dont let it get to you. After you learn its ins and outs, youll see that Ether Delta offers one of the safest and most streamlined trading experiences out there. Ethere Delta functions like one big smart contract. Smart contracts oversee most of the sites functions, including wallet integration, deposits, withdrawals, and trade orders. Theyre Ether Deltas distinguishing feature, making it truly decentralized and offering users more control than other mainstream exchanges. Upon opening Ether Delta, youll notice how compact the entire interface is. The wallet, order book, and price chart are all in the same place, and you dont even have to create an account to begin trading. Instead of opening an account like you Continue reading >>

Ether Ethereum Homestead 0.1 Documentation

Ether Ethereum Homestead 0.1 Documentation

The Ethereum Wallet supports sending ether via a graphical interface. Ether can also be transferred using the geth console. > var sender = eth.accounts[0];> var receiver = eth.accounts[1];> var amount = web3.toWei(0.01, "ether")> eth.sendTransaction({from:sender, to:receiver, value: amount}) For more information of ether transfer transactions, see Account Types, Gas, and Transactions . Ethereum is unique in the realm of cryptocurrencies in that ether has utility value as a cryptofuel, commonly referred to as gas. Beyond transaction fees, gas is a central part of every network request and requires the sender to pay for the computing resources consumed. The gas cost is dynamically calculated, based on the volume and complexity of the request and multiplied by the current gas price. Its value as a cryptofuel has the effect of increasing the stability and long-term demand for ether and Ethereum as a whole. For more information, see Account Types, Gas, and Transactions . Gas is supposed to be the constant cost of network resources/utilisation. You want the real cost of sending a transaction to always be the same, so you cant really expect Gas to be issued, currencies in general are volatile. So instead, we issue ether whose value is supposed to vary, but also implement a Gas Price in terms of Ether. If the price of ether goes up, the Gas Price in terms of ether should go down to keep the real cost of Gas the same. Gas has multiple associated terms with it: Gas Prices, Gas Cost, Gas Limit, and Gas Fees. The principle behind Gas is to have a stable value for how much a transaction or computation costs on the Ethereum network. Gas Cost is a static value for how much a computation costs in terms of Gas, and the intent is that the real value of the Gas never changes, so this cos Continue reading >>

Which Software Wallet Do You Store Your Ethereum? : Ethereum

Which Software Wallet Do You Store Your Ethereum? : Ethereum

Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

Life Savings Stolen From Second-hand Ledger Hardware Wallet

Life Savings Stolen From Second-hand Ledger Hardware Wallet

Life Savings Stolen from Second-hand Ledger Hardware Wallet Reddit user reports hes lost all his cryptocurrency after a second-hand Ledger wallet scam. A mans life savings disappeared from a Ledger brand Nano hardware wallet after Reddit user moodyrocket purchased the wallet second-hand on eBay. The stolen coins amount to over $34,000. According to posts on Reddit, the seller of the wallet utilized a man in the middle attack, inserting his own recovery seed rather than the random seed assigned by the manufacturer. According to the post: I have not used my Ledger in a week, today I decide to check the value of my XRP, Litecoin and Dash only to discover that all of them showed up as zero and had been transferred somewhere else yesterday all around the same time at 7:30pm. I am not sure how this is possible as I have not access my Ledger in a week. I do not know what do to as the total value is over 25000, has by currency been stolen or is it something else? I am at a lost here and right now feel so physical sick. Some please help. The post shows the extent to which thieves will go to access coin wallets. Ledgers CEO (user murzika) has offered to help bring the seller to justice through legal means. As values of cryptocurrencies continue to increase, the reality of security needs continues to increase. Stories of theft and hacking continue to proliferate. For individual users some additional technology may eventually be required. Vadim Onishchenko, CEO of Blockchain photo sharing system Selfllery told Cointelegraph: "We used to ask ourselves: Where is it better to keep your money, at home in a safe or in the bank? None of these options is ever completely safe. Cryptocurrency is no different: the safety issue is very complex, because there are lots of ways to break into ac Continue reading >>

5 Best Bitcoin And Ethereum Apps For Android

5 Best Bitcoin And Ethereum Apps For Android

5 Best Bitcoin and Ethereum Apps for Android Long gone are the days when cryptographic currencies and public blockchain-based distributed computing platforms were synonymous with the criminal underground. Today, we use blockchain, a distributed database that maintains a continuously-growing list of records called blocks and forms the backbone of both Bitcoin and Ethereum, to move from central record keeping systems to decentralized systems, eliminating the need for costly middlemen in financial transactions. Want to keep your bitcoin tax calculation simple? We recommend these two services: The very nature of technologies such as Bitcoin and Ethereum matches the spirit of the Android operating system, so it should come as no surprise to you that the Play Store is full of useful apps that serve as great examples of real-world applications for blockchain technology. We have selected our top 5 favorite Bitcoin and Ethereum apps for Android, splitting them into two categories for your convenience. A Bitcoin wallet is a software- or hardware-based tool that allows you to start making payments with merchants and users using Bitcoin, the infamous cryptographic currency that once powered Silk Road , an online black market owned by Ross Ulbricht and the first modern darknet market. Back in 2011, when Silk Road launched, there werent that many Bitcoin wallets for Android to choose from. A lot has changed since then, and current Bitcoin users have a lot more options . We encourage you to spend some time on Bitcoins official website and learn as much as you can about the technology, so you can make your own educated decisions. But to help you get started, these are our top 3 favorite Bitcoin wallets for Android. Headquartered in San Fransisco, Coinbase is a digital asset exchange c Continue reading >>

What Is The Difference Between Swarm And Ipfs?

What Is The Difference Between Swarm And Ipfs?

Data sharing network in which files are addressed by the hash of their content (Content-addressable) Can be used to store the HTML, CSS and JavaScript that implement an application on top of the other decentralized systems. Can be used to store (arbitrary) static files. Some imply that Swarm may be better for small chunks / low latency. Because BitTorrent is good at delivering large chunks of data with high throughput and high latency. Swarm is ALSO good at delivering small chunks of data with low latency, which is necessary for some anticipated applications - Dr. Daniel Nagy, Lead Developer on the Swarm team. One "advantage" of Swarm is built-in incentives (within Ethereum). Some feel that Swarm is "reinventing the wheel" and ipfs & filecoin should just be used instead. Filecoin being the incentive. IPFS is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. In some ways, IPFS is similar to the Web, but IPFS could be seen as a single BitTorrent swarm, exchanging objects within one Git repository. In other words, IPFS provides a high throughput content-addressed block storage model, with content-addressed hyperlinks. This forms a generalized Merkle DAG, a data structure upon which one can build versioned file systems, blockchains, and even a Permanent Web. IPFS combines a distributed hashtable, an incentivized block exchange, and a self-certifying namespace. IPFS has no single point of failure, and nodes do not need to trust each other. source: HTTP is obsolete. It's time for the distributed, permanent web Swarm - Decentralised data storage and distribution: Swarm is a peer to peer data sharing network in which files are addressed by the hash of their content. Similar to Bittorrent, it is possible to fetch t Continue reading >>

Ether Ethereum Classic 0.1 Documentation

Ether Ethereum Classic 0.1 Documentation

The Ethereum Wallet supports sending ether via a graphical interface. Ether can also be transferred using the geth console. > var sender = eth.accounts[0];> var receiver = eth.accounts[1];> var amount = web3.toWei(0.01, "ether")> eth.sendTransaction({from:sender, to:receiver, value: amount}) For more information of Ether transfer transactions, see Account Types, Gas, and Transactions . Ethereum is unique in the realm of cryptocurrencies in that ether has utility value as a cryptofuel, commonly referred to as gas. Beyond transaction fees, gas is a central part of every network request and requires the sender to pay for the computing resources consumed. The gas cost is dynamically calculated, based on the volume and complexity of the request and multiplied by the current gas price. Its value as a cryptofuel has the effect of increasing the stability and long-term demand for ether and Ethereum as a whole. For more information, see Account Types, Gas, and Transactions . Gas is supposed to be the constant cost of network resources/utilisation. You want the real cost of sending a transaction to always be the same, so you cant really expect Gas to be issued, currencies in general are volatile. So instead, we issue Ether whose value is supposed to vary, but also implement a Gas Price in terms of Ether. If the price of Ether goes up, the Gas Price in terms of Ether should go down to keep the real cost of Gas the same. Gas has multiple associated terms with it: Gas Prices, Gas Cost, Gas Limit, and Gas Fees. The principle behind Gas is to have a stable value for how much a transaction or computation costs on the Ethereum network. Gas Cost is a static value for how much a computation costs in terms of Gas, and the intent is that the real value of the Gas never changes, so this cos Continue reading >>

Users Report Losing $400,000 Due To Jaxx Wallet Vulnerability

Users Report Losing $400,000 Due To Jaxx Wallet Vulnerability

Users Report Losing $400,000 Due to Jaxx Wallet Vulnerability Join our community of 10 000 traders on Hacked.com for just $39 per month. According to a report from Vx Labs , a vulnerability that allows hackers to steal cryptocurrencies from users has been discovered in popular cross-platform cryptocurrency wallet Jaxx , and has reportedly already led to $400,000 being stolen. The report, published on Friday, shows its possible for hackers to extract a 12-word backup phrase, copy it, and then use it to restore the users wallet with all the private keys in it, so then all thats left to do is transfer the funds to a wallet the hackers wallet. Even when your Jaxx has a security PIN configured, anyone with 20 seconds of (network) access to your PC can extract your 12 word backup phrase and copy it down. Jaxx does not have to be running for this to happen. Monero developer Riccardo FluffyPony Spagni tweeted about the report, presumably so something could be done about the vulnerability now that it was public, but nothing was done before users started reporting lost funds, as hackers took advantage of the vulnerability. Uh oh, @jaxx_io seeds are stored unencrypted and are trivially exfiltrated off disk even if Jaxx isn't running. Riccardo Spagni (@fluffypony) June 10, 2017 An update published on Altcoin Trading shows that users have already reported losing as much as $400,000 in Bitcoin , Ethereum, Ethereum Classic, and Zcash. Users who only use Jaxx on their smartphones are reportedly safe, although those who use desktop versions of the wallet may be at risk. On Reddit, Jaxx & Decentral CTO Nilang Vyas stated that Jaxx is a hot wallet in which users shouldnt keep large amounts, and that they believe to have found a balance between easy-of-use, security, and portability. The Continue reading >>

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

Last updated on December 14th, 2017 at 08:16 am Note:If youre looking to buy Ethereumfor trading purposes only you may want to check out Plus500 Ethereum CFD trading. Keep in mind that when trading CFDs your capital is at risk. Lately there has been a lot of talk about the hottestaltcoin in the community Ethereum. Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. Its basically a decentralized platform for developers to build apps on top of and it was invented by Vitalik Buterin in 2013. Ethereum can be used to codify, decentralized, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property. Well, Ether is the currency of the Etherium platform. Etherwill be required by anyone wishing to build upon oruse the Ethereum platform. Just like BItcoin, Ether can be traded around the web and mined. In a second Ill show you exactly where you can buy it. Most people use the term Ethereum to refer to the currency instead of Ether and thats why it can get so confusing. The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale of the currency. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15-17 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasnt included (called uncle/aunt reward) The founders of Ethereum state that Ether is not a currency as much Continue reading >>

Best Way To Store Eth? Wallet Or Site? : Ethereum

Best Way To Store Eth? Wallet Or Site? : Ethereum

Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

How To Buy & Store Ethereum The Newbie Guide

How To Buy & Store Ethereum The Newbie Guide

If youre new to the crypto-currency space, you may find the idea of how to buy and store Ethereum is quite disconcerting. Youre not wrong, it might be confusing. The good news is, youre in the right place! First, you need to understand Ethereum you can start over here . Now that you are sure you want to buy some Ethereum, lets explore your options. WHERE AND HOW TO BUY ETHEREUM WITH FIAT CURRENCY There are several ways you can purchase Ethereum directly with fiat currency such as USD, EUR or GBP. All you need is a debit or credit card or just a bank account that facilitates international transfers. You simply register an account on one of the recommended exchange platforms below, verify your identity, add a method of payment and youre good to go to buy some Ether. I will discuss how to store your Ether safely below. The verification process that you have to go through in order to buy Ethereum takes now much quicker that it used to and the purchasing process is slowly becoming hassle-free. Just two years ago, you had to take extreme measures to buy Ether. For example, you had to purchase Bitcoin first; then create an ETH wallet; then convert your BTC to ETH seems like its not too complicated, but then you would have to reverse this process if you wanted to convert your Ether into fiat currency. All these conversions would have costed you dearly in transaction and exchange fees (and of course time!) Now, all you have to do is just open an account on one of these recommended exchange platforms to purchase your ETH: The most popular choice is Coinbase as it allows to use your credit card to buy Ethereum directly on the website. Coinbase is a major crypto-currency exchange that offers other services as well. Apart from Ether, you can purchase Bitcoin and Litecoin you can al Continue reading >>

The Ethereum Hardware Wallet

The Ethereum Hardware Wallet

KeepKey is a hardware wallet that secures ethereum, bitcoin, litecoin, dogecoin, dash, and namecoin. Your assets are protected from hackers and thieves. KeepKey works with the wallet software on your computer by taking over the management of private key generation, private key storage, and transaction signing. KeepKey generates private key using its hardware-based random number generator, combined with randomness provided by your computer. Once your private key is generated, you are given the one-time opportunity to write down a backup of your KeepKey in the form of a twelve-word recovery sentence. Your private key is stored securely on your KeepKey, never leaving the device. Your KeepKey is PIN-protected, which renders it useless even if it falls into the wrong hands. KeepKey's large display gives clarity to every digital asset leaving the device. Each transaction must be manually approved using KeepKey's confirmation button. If your KeepKey is lost or stolen, you can safely recover your device without compromising its private keys. bitcoin, ethereum, litecoin, dogecoin, dash, namecoin, and more coming soon Exchange between assets directly on device using ShapeShift Supported by clients including Electrum, MultiBit, and Mycelium Continue reading >>

Reddit Drops Bitcoin Payment Option For 'gold' Membership

Reddit Drops Bitcoin Payment Option For 'gold' Membership

Reddit Drops Bitcoin Payment Option For 'Gold' Membership Social media website Reddit is no longer accepting bitcoin as payment for its Reddit Gold membership program. On Friday, users began commenting in the /r/BTC subreddit that the only available payment methods for the service are credit cards and PayPal, whereas previously people were able to pay for gold using bitcoin. A Saturday post in the same forum attributed to Reddit administrator "emoney04" explained that the change was due in part to Coinbase's decision to discontinue their Merchant Tool product in favor of Coinbase Commerce , which will enable "merchants to accept multiple cryptocurrencies directly into a user-controlled wallet." "The upcoming Coinbase change, combined with some bugs around the bitcoin payment option that were affecting purchases for certain users, led us to remove bitcoin as a payment option." They also indicated that Reddit has yet to decide if it will reintroduce crypto payments after Coinbase implements its new Commerce service. "We're going to take a look at demand and watch the progression of Coinbase Commerce before making a decision on whether to reenable," the administrator said. As previously reported by CoinDesk , Reddit first started accepting bitcoin in its now-defunct merchandise store, RedditMarket, in 2015. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Continue reading >>

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