Crypto security: Bitcoin genius butterin warns of hardware wallets!
Crypto security: Bitcoin genius butterin warns of hardware wallets!
crypto fans watch out! The question of secure storage of digital assets concerns every investor. While many rely on Hardware Wallets, the large USB stick for the digital currencies, Ethereum founder Vitalik Buterin has a different answer: multi-signature wallets are the key to security!
The world of cryptocurrencies is full of dangers! Hot Wallets and crypto borns could steal everything in the next hacker attack. The failed crypto tour FTX has once again proven how quickly you can lose your money. But how do you protect yourself effectively? Hardware Wallet has long been the only way!
Criticism of hardware wallets: Buterin demands rethinking
hardware wallets are considered safe, but the conventional method is contested behind the scenes. Crypto expert Peter Watts is very clear: "With hardware wallet you become the greatest risk yourself!" I'm sorry, what? The dangers lurk not only in the claws of hackers, but also in their own parchment! If the seed, the key to the wallet, is hidden, even the owner could no longer find it! And what if you deposit it in a bank locker and then move abroad? Way the cryptocurrencies!
But Vitalik Buterin raises his voice! He has committed himself to the multi-sig principle, an innovative alternative to the conventional hardware wallet. "I manage over 90 percent of my personal means in this way!", The Ethereum pioneer announces and sets a strong exclamation mark!
Why multisig is the future of crypto security
With multi -ig-wallets, there is nothing more like before: at least two keys are required here to carry out a transaction. Buterin simply explains: "Be smart! Keep a few keys yourself, but not enough to block the restoration. The rest? Encourage him trustworthy friends, but never betrays their identity!" This minimizes the risk and boost security!
The benefit page is clear: Several keys mean that the loss of a key does not mean loss of all means. Hackers have a difficult game with it, should you just steal a key. But the law of advantages also has its dark side: it is more complex and requires trust that all parties will give their consent! A fake friend or a forgetful partner could become a real threat. Find out, learn the tricks!
VITILICS VISION for decentralized security is becoming increasingly clear: Distributed responsibility and creative thinking are important when it comes to your digital treasures. The question that remains is no longer whether you should invest in crypto, but rather: How do you deal with these valuable assets?