The world of Bitcoin and digital currency has been plagued by scams, hacks, and more recently, malware and ransomware. Malicious individuals have managed to create a piece of ransomware which encrypts all of your files, and will only decrypt after paying with Bitcoin. Thankfully, those days are gradually moving behind us. That being said, there is a new piece of malware hitting the streets, which will go after any and all digital currency wallet(s) you have running on your computer.
As more and more people start taking notice of Bitcoin and other digital currencies, it is important to educate these novice users on how to store their digital wealth in a safe and secure manner. Software clients are a good way to get acquainted with the Bitcoin protocol and technology, but to properly secure funds, you need to move funds into a cold storage solution. HardwareWallet is one of those potential solutions.
HardwareWallet : The Team
When it comes to making cryptocurrency portable, there are a few different solutions you can use. Several coins offer a light/Electrum wallet, which doesn’t need to synchronize to the blockchain like a regular desktop client. There are also mobile applications for Android users, and iOS support is coming soon for most wallets as well. But what if we could take a full-fledged computer in the form of a USB stick with us?
Dogecoin has been one of the cryptocurrencies with a huge community, real world adoption on multiple fronts, strong marketing, merged mining with Litecoin through AUX PoW, and so much more. One of the things DOGE has lacked however, was an Electrum wallet. That, my friends, is no longer the case.
The Electrum wallet has finally been ported for Dogecoin by BitcoinTalk member Electrum-Doge. The DOGE Electrum wallet is forked from the Bitcoin Electrum wallet, and offers the same kind of functionalities :
– Minimalistic user interface
– Deterministic wallet (a wallet can be completely regenerated from a passphrase)
Even though this altcoin has only recently launched, a few close friends have asked me to look into BitMo and do an article about it. Even though it’s way too early to judge the potential of this cryptocurrency at this point in time, we can still take a look at the facts.
Bitmo (XBM) is a 100% green coin, as there will be no actual mining phase involved in order to distribute this coin. Users can opt to mine at the XBM Multipool however, and more information about the multipool/multipools will be released after the XBM ICO ends.
Scrypt-N Asics, Inflation, and KGW
Execoin We are currently considering and evaluating possible major changes to to mitigate over-inflation issues, and to address a vulnerability in the Kimoto’s Gravity Well difficulty re-target algorithmMore information about this will be released in advance. . Our version of KGW is too processor-intensive and slows down the wallet. After serious consideration, we have decided to do a hard-fork in the near future. This will allow us to eventually change the PoW algorithm to a completely unique one, not currently being used in any of the coins existing on the market. This will make the upcoming Scrypt-N ASICs obsolete before they even release to the public.
I have it from a very good source (call it insider knowledge if you wish) that MyriadCoin have placed an order for MyriadCoin (MYR) Prypto Gift Cards pre-loaded with coins.
There will be a wide distribution of 1,000 Prypto Gift Cards, each of which will come pre-loaded with a certain amount of MyriadCoin.
On top of this, there will be an integration of MyriadCoin’s Electrum Wallet, which will be combined with Prypto’s API. The wallet functionalities will most likely be used as some sort of plugins, but we can’t tell you more than that at this point in time.
MyriadCoin has been doing some amazing work which I would like to tell you all about. As if being the first ever multi-algo Proof-of-Work coin isn’t enough, let’s take a look at some other projects currently available for beta testing.
First of all, there is the Myriad Electrum Wallet Beta V3, which is available for download on Windows, Mac OS X and Linux. In case you would encounter an unknown bug, there is a 250 MYR coin waiting for you.