Cryptocurrency – Page 4

How to save your crypto currency seeds with metal Hardware Plates

We use the ColdTi.com Titanium plate for our crypto seed storage. Instead of buying and using a punch set, we purchased a Dremel Electric Engraver model 290-01 120-Volt model. It’s much easier and you will always have other things you can engrave. Also, instead of etching our seed words onto the plate, for extra security we use the corresponding number from the BIP39 word list. Which you can find at Github: BIP39 Wordlist in different languages or one from kryptodots that is easier to print.

Why you should use a metal plate wallet to store your recovery seed phrase:

1. Offline: safe from hardware failure, no third-party trust required, safe from online hackers
2. Rugged and Durable: fireproof, waterproof, rust and corrosion resistant (for stainless steel and titanium plates)
3. Transferable: can be given to your loved ones or heirs, your coins are always recoverable with the seed key

We bought the titanium plate and engraver from Amazon for around $35.

What is Hedera and why you should buy it?

The Hedera network is a decentralized public network that aims to provide a secure, fast, and fair platform for the development and deployment of decentralized applications (dApps) and enterprise solutions. The network is powered by a unique consensus algorithm called the Hashgraph, which uses a gossip protocol to reach consensus on transactions.

One of the main features of the Hedera network is its high throughput, which is achieved through a combination of sharding and multiple consensus mechanisms. This enables the network to handle large numbers of transactions per second, making it suitable for high-demand applications.

The network also incorporates various security measures, including cryptographic hashing, digital signatures, and a robust identity management system, to ensure the integrity and authenticity of transactions.

In addition to these technical features, the Hedera network is designed to be environmentally friendly, with a low carbon footprint and efficient use of resources.

Overall, the premise of the Hedera network is to provide a fast, secure, and sustainable platform for the development of decentralized applications and enterprise solutions, using innovative technology and a focus on environmental responsibility.

Taproot Primer

The advantages of Bitcoin in today’s world

Bitcoin is a decentralized digital currency that uses blockchain technology to facilitate secure and transparent financial transactions. Some advantages of Bitcoin include: Decentralization: Bitcoin is not controlled by any central authority, making it resistant to government interference or manipulation. Security: Bitcoin transactions are recorded on a public ledger called the blockchain, which is highly secure … Read more

Bitcoin currency code: XBT vs BTC

Being that Bitcoin is decentralized, there is no standard, nor governing body, to dictate what notation should be used for it. Nonetheless, “BTC” has been the generally accepted abbreviation for Bitcoin stemming from the early days of Bitcoin.

“XBT” is a new abbreviation for Bitcoin that is starting to come into use and reflects its growing legitimacy as an international currency.

The abbreviation “XBT” comes from the International Standards Organization (ISO) that maintains a list of internationally recognized currencies. The standard dictates that if a currency is not associated with a particular country, it should begin with an “X”, hence “XBT”. Another example of this is the abbreviation for gold, “XAU”.