Hardware wallet

Hardware Wallet

WHY DO I NEED A HARDWARE WALLET & ITS BENEFITS OVER THE OTHER DESKTOP, MOBILE OR WEB WALLETS

I’m sure by the time you get to this point in the crypto space, then you are likely to be in one of the following situation:

  1. You are a serious and long term cryptocurrency investor
  2. You have been hacked by someone
  3. You have the mindset of safe guarding your cryptocurrency from hackers or at least you can sleep well at night
  4. You just want to try one and see what it is like and how is it different from the other type of wallets out there
  5. All of above or none of the above.

So let’s start why you need a hardware wallet and how it’s different. You need a hardware wallet because it acts like your bank, you are in full control of your money, and your private keys are securely stored in the wallet only, can’t be extracted or exported even if you wanted to. The fundamental difference between a crypto hardware wallet and the other is how its private keys are stored and used at the time of transaction. As we all know if the private key is stolen, then your coins are gone. With hardware wallet, your private key always stays inside the IC or Integrated Circuit. The private key never leaves the IC so nobody including the wallet owner can’t even export the keys out or know what it is.

These wallets are designed to keep the private keys safe inside the wallet even if it’s connected to a virus infected computer. This is why it’s extremely safe from hackers. Every use of your wallet on the internet is securely isolated from any potential attacks. Only the person in possession of the wallet can sign for transactions or send crypto tokens by pressing a button to confirm that transaction, not a click of a mouse on a web wallet or mobile wallet.

Hackers are too crazy and they are always ahead of the game, so only hardware wallets have a known history of no successful attacks yet by any hackers.

HARDWARE WALLET TYPES, BRANDS, EASE OF USE & SETUP

Generally speaking, all the hardware wallet serves two purposes that is to provide extreme level of security for storing crytocurrencies as well as signing transactions. I like to categorize them into two types; wallets with displays and wallets without displays.

Currently bitcoin.org certified brands are only four of them as follows: Trezor, Ledger, Keepkey and digitalbitbox. They are made in Czech Republic, France, USA, and Switzerland respectively. All of them use open source protocol, mostly BIP 39 & 44 PATH. There is a detail comparison for each wallet below that I gathered.

Something interesting to mention about digitalbibox, they are the only one so far that offers a TF or microSD card slot that is being used to do your master seeds backup. It also supports the FIDO or U2F like the most of the other hardware wallets, see details below.

SPECIAL TIPS TO ALL HARDWARE WALLET USERS

Always carefully write down your master seeds, normally 12, 18, or 24 English words, write them down on a piece of paper, never take photos of them, or put save them on computers. Keep multiple copies in different places. Let your loved/trusted significant other know about it if you like. Check them once every few months just to keep your memory fresh. Remember: The master seeds are your last line of defense should your wallet is lost, damaged, stolen. Without those master words, you will lose your bicoins or other tokens for good. Nobody on this planet can help you. Your wallet is your bank. Store your fortune on hardware wallets, and keep small amount in your mobile wallet for convenient uses.

Before you make large amount transfers, carefully check the addresses you are sending, be sure it’s copied correctly, you can alway send a small amount first to test. Always keep your hardware wallet up to date with the latest firmware. This is very important.

The most popular and best Bitcoin/altcoin hardware wallet:

Ledger Blue

Ledger Blue Hardware Wallet

Ledger Blue is the most advanced hardware security gear on the market. It boasts multi application execution, and packs enterprise-level crypto-capabilities into a lightweight handheld device designed and crafted in France. It is architected around a Secure Element, featuring a touchscreen and USB & Bluetooth* connectivity.

The Ledger Blue is the latest generation product from Ledger, result of more than two years of research and development. This high-end device embeds a large touchscreen to securely manage transactions and complex smart contracts. Its slick yet robust casing encloses the best-in-class technology built upon the Blockchain Open Ledger (BOLOS) platform, a powerful and flexible operating system.

The Ledger Blue is based on a dual-chip architecture embedding a ST31 Secure Element and a STM32 microcontroller thus achieving a fully isolated environment. It features a LED-backlit color touchscreen to navigate easily and validate transactions. It is powered by a lipo rechargeable battery and communicates with USB or Bluetooth* devices.

Thanks to its modular architecture, the Ledger Blue runs multiple dedicated companion apps in full isolation on top of its firmware. The strong security model allows to add new cryptocurrencies or apps without risk of compromising the master seed. Transaction integrity is ensured by the WYSIWYS paradigm (What You See Is What You Sign). The flexibility of the device enables enterprise level usage: with all major crypto libraries embedded in the firmware, any type of blockchain can be supported.

Price: 274.80 €

Ledger Nano S

Ledger Nano S Hardware Wallet

The Ledger Nano S is a product of a France-based startup. It has sleek and attractive European touch to its design.

Some of its core features are the backup seed key for recovery of your bitcoins, the easy to use OLED interface, and a flash drive like feel with two buttons on the side for navigating the interface.

It is a battery-less device which you can connect to a PC or mobile device via USB.

The Ledger Nano S is the cheapest of the three hardware wallets with a screen.

Ledger can store bitcoin, ethereum, ripple, zcash, dash, dogecoin, litecoin, Stratis, REP, GNT, 1ST, SNGLS, and any Ethereum ERC20 token.

Ledger can also be used for FIDO® U2F, GPG, SSH or build your own applications.

Ledger, one of the most well-known Bitcoin security companies, released the device in August 2016.

Price: 69,60€

KeepKey

KeepKey Hardware Wallet

KeepKey was released in September 2015 and was the second hardware Bitcoin wallet to offer a screen. The KeepKey’s larger screen gives it some extra security features that the Nano S and Trezor lack. It doesn’t offer much in comparison to the Ledger Nano S or Trezor. Moreover, it is more than two times in size than its peers, and not so convenient to carry in your pocket.

It has same backup seed key feature with pin code enabled, and it works like the other wallets. At present, it supports six cryptocurrencies (including Bitcoins).

Price: Currently unavailable.

Trezor

Trezor Hardware Wallet

The Trezor Bitcoin hardware wallet pioneered the era of hardware wallets. Trezor launched in August 2014 as the first Bitcoin hardware wallet, offering secure bitcoin storage plus the ability to spend with the convenience of a hot wallet.

TREZOR is a small, thumb-sized device with screen. It looks like a small calculator with an OLED screen. Randomly generated nine digit pins and a 24-word recovery seed key ensures security in case the device is lost or damaged. Its purpose is to store private keys and sign transactions offline.

The number of TREZOR-compatible services is growing rapidly and here’s the nearly complete list.

Currently Trezor offers a very useful feature called password manager, this is a great feature that is not just for cryptocurrencies. It can be used for all of your password management. This is something that we can all use on a daily basis.

Price: 89,00€

 

Digital Bitbox

Digital bitbox hardware wallet

Digital Bitbox is a minimalist bitcoin and ethereum hardware wallet packed withsecurity and privacy. Safely hold and spend your coins with peace of mind. Store and secure bitcoin, ether, and ERC20 ethereum tokens.

The Digital Bitbox is a FIDO Universal 2nd Factor (U2F) compatible authenticator.

Trezor 2

There is new TREZOR 2 model coming in august 2017! Proto in pictures.

Trezor 2 Hardware Wallet

Good luck everyone!!! Go Crypto!!!

track

The best way to track your crypto-portfolio

All crypto traders have the same problem; how to keep up with growing portfolio?

Of course it is easy to keep track of profit or loss for a handful coins and trades. But what about a few hundred or even hundreds of thousands of trades?

Here are the most used solutions:

  1. Altpocket (FREE, Browser, Bittrex and Poloniex API, +)
  2. CryptoCompare (FREE, Browser)
  3. Blockfolio (FREE, iOS and Android)
  4. CoinTracking (Browser, free for 200 trades and then expensive)
  5. CryptFolio (Beta, Browser)
  6. CoinGecko (Browser)
  7. CoinCap (iOS and Android, max 3 portfolios)
  8. Cryptofolio (free, Browser)
  9. Lionshare (macOS, just amounts not profit/loss)
  10. CoinFinance (in maintenance)
  11. Excel (more manual work)

EOS Token ICO

EOS is a new blockchain operating system designed to support commercial-scale decentralized applications. EOS is going to be one of the hottest ICOs on Ethereum network. Even though, Ethereum is just a place for EOS to fund (EOS will have its own blockchain). I expect EOS market cap position to clime in the list because EOS will conduct its crowdsale for the whole year!

I have participated to ICO 29.-30.7.2017 (round #30). I got EOS Tokens 6,4% discount compared to Exchange price (0.008673023 ETH/EOS).

About ICO:

Seven hundred million additional EOS Tokens (representing 70% of the total EOS Tokens being distributed) have been split evenly into 350 consecutive 23-hour periods of 2 million tokens each and will be distributed at the close of each period. The remaining 100 million EOS Tokens (representing 10% of the total EOS Tokens being distributed) have been reserved for block.one as founder’s tokens pursuant to the feedback received from the community to ensure that block.one has aligned interests with those participating in the EOS Token distribution. If a blockchain adopting the EOS.IO software is launched, these founder’s tokens will be locked and released over a period of 10 years.

Brendan Blumer, CEO of block.one said:

“We felt an approximately year-long token distribution was the best method to ensure people receive fair market value for EOS Tokens. We anticipate that strong interest will continue throughout the year as the community continues to learn about the EOS.IO software and the benefits it can bring to their business.”

EOS price:

1 EOS = 4.64000000 EUR
1 EOS = 5.50000000 USD
1 EOS = 0.00913500 ETH
1 EOS = 0.00032840 BTC
Data by CryptoCompare API

GET EOS

EOS techincal white paper

Minereum

It is always the best idea to join in to something that is brand-new and has yet to be seen in the crypto world. MNE is defiantly going to be getting huge by the end of 2017 to the beginning of 2018.
Minereum, a relatively new cryptocurrency platform stands apart from its counterparts, thanks to the innovative technology which is wrapped in an easy-to-use package for wider reach. According to the creators of Minereum, it is the first self-mining smart contract that is based on a mathematical formula which allows certain “Genesis Addresses” to continuously generate new tokens.

News

The Pillar Wallet is the next-generation, open-source wallet that will become the dashboard for your digital life.

Project Goals (from Pillar website):

Build the world’s best cryptowallet.

We will build the personal data locker, starting with the world’s best, open-source cryptowallet. We will then add browsers, exchanges, data, devices, services, calendars, and much more.

Replace accounts with atomic ownership.

We all have dozens of accounts. With accounts, you log in and all your valuable data is trapped. Using atomic ownership, each person owns and controls his/her own assets.

Replace apps with services.

Apps on our phones are miniature desktop apps. We believe the personal data locker will replace iOS and Android to become the operating system for all your devices.

 

It seems that Pillar Project’s goal is to become that dashboard for cryptocurrency users, everywhere. It’s safer for normal user to consolidate all crypto related access through one centralized point and this is what Pillar is all about. You don’t have to waste time for managing all your digital assets in different wallets or exchanges. One dashboard for all digital currencies!

Pillar Project is aiming way further than just being wallet. They are adding integrated exchange service, mobile design. Their big goal is to replace Android and iOS as the predominant sell phone OS (I don’t believe that this will happen in any time soon)…

Website

Twitter

Bitcointalk

Masternode Coins

What are Masternodes?

Masternodes primary function is to relay transactions across the network. Additionally they carry out the anonymization of funds and enable double-spend-proof transactions through instant lockdowns.

In the future even more valuable services will be performed by the Masternode network.

In return for providing these services, one Masternode is selected by the network to receive a part of the reward of each mined block.

In order to run a masternode, a user must put needed amount of coins as something akin to collateral, though unlike traditional collateral, the coins never leaves the user’s possession. It can be moved or spent at any time by the user – doing so simply removes the masternode from service and makes it ineligible to receive rewards. You need dedicates IP address and 24hr uptime is ideal.

List of Masternode Coins:

(price update 18.7.2017)

Working on Masternode implementation:

  • Terracoin (TRC)
    • Working on Masternode implementation
    • Price: $0.143
    • More info
  • EquiTrader (EQT)
    • Working on Masternode implementation
    • 30,000-60,000 coins needed?
    • Price: $0.247
    • Price: $7,409-$14,819
    • CoinMarketCap
    • More info
  • Espers (ESP/ESP2)
    • Working on Masternode implementation
    • Price: $0.00026
    • More info
  • Helium (HLM)
  • Block (BLOCK)
  • Coinonat (CXT)
  • ExScudo (EON)
  • Boolberry (XBB)

More info needed:

Masternode and Staking Services:

  • MASS
    • Presale ends july 24th
    • Presale price: 1300MASS per 1ETH (30% pre-sale bonus)
    • More info
    • Whitepaper

Inactive (not in CoinMarketCap):

  • BosCoin (BOS)
  • MasterMint (MM)
  • FlexCoin (FCX)
  • BankNode (Bitcredits)
  • DarkCrave (DCC)
  •  Darknet (DNET)
  • Bitcredits (BCR)
  • CryptoSpots (CS)
  • Doxcoin (DOX)
  • BitcoinTX (BTCTX)
  • SkullBuzz (SKB)
  • CryptoFocus (FCN?)
  • Genius (GNS)
  • Poison (PSN)
  • Fade (FADE)
  • Graviton (GRAV)
  • Pentacoin (PTA)
  • CryptCash (CYPT)
  • Vibranium (XVI)
  • Masterdoge (MDOGE)
  • Optioncoin (OPTION)
  • BananaBits (NANAS)
  • ArpaCoin (ARP)
  • Pharma (XPH)
  • Edge (EDGE)
  • Sentaro (SEN)
  • Gridmaster (GMC)
  • Nodex (NODEX)
  • Bloodcoin (BOD)
  • Grexitcoin (GSY)
  • GenesysCoin (GSY)
  • Midnight (MDT)
  • Breakcoin (BRE)
  • Pentaquark (LHC)
  • Bitzcoin (BTZ)
  • NodesForAll (NODES)
  • Cryptbit (CBIT)
  • Fantom (FNX)

My pics for 24.-31.7.2017 while everything is on sale for long HODL

Ripple (XRP)

IOTA (MIOTA)

Stratis (STRAT)

EOS (EOS)

NEO (NEO)

Steem (STEEM)

Iconomi (ICN)

Siacoin (SC)

Golem (GNT)

Lisk (LSK)

Factom (FCT)

PIVX (PIVX)

Basic Attention Token (BAT)

Verge (XVG)

ReddCoin (RDD)

LBRY Credits (LBC)

BitBay (BAY)

Bitquence (BQX)

(Sorted by marketcap)

tenx

TenX has figured out how to solve one of the biggest problems for people that are involved in cryptocurrency

TenX has figured out how to solve one of the biggest problems for people that are involved in cryptocurrency — actually spending the currency

The TenX wallet and the TenX card have been tested by well-known figures in the industry with payments in 50 countries across the world. The TenX iOS wallet and WebApp will be available to the public by the end of July.

TenX supports blockchain assets across multiple blockchains. TenX currently supports Bitcoin, Ethereum, Ethereum ERC20 Tokens (DGX, REP, TRUST,ANT, etc.), Dash – many more are coming.

I have invested in to TenX and I think it’s great project. I cant wait to get my TenX iOS app and card!

TenX Blog