CarbonWallet offers beefy security for storing bitcoins
CarbonWallet, a new bitcoin wallet service, is offering a new model for securely storing the digital currency. Described as an "online deterministic wallet", CarbonWallet doesn't store bitcoins locally or on its servers. Instead, users create a passphrase that is turned into a 128-bit key, which is then used to generate bitcoin addresses. "Your passphrase is your wallet access and wallet backup," the CarbonWallet site states. "Determined bitcoin addresses mean no need for a remote server to hold keys and no need to store keys on a local hard drive." However - the approach also means users....
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GoldMoney Group, one of Britain's largest precious metal storage firms, has added bitcoin to the list of commodities it is willing to store in its vaults. Established in 2001, the firm currently stores precious metals worth in excess of $1.4bn in secure vaults across five countries. Today sees GoldMoney launch Netagio - a spin-off business that offers a cold storage solution for bitcoins. Cold storage is a form of offline storage where bitcoins are encrypted on storage devices and placed in secure vaults. Pros and cons. Security is the most obvious benefit of cold storing bitcoins with....
KeepKey is a next level, premium hardware wallet. It protects your digital currency from hackers and thieves, offering cutting-edge security in a beautiful package. The KeepKey Hardware Wallet. Its function meets style and there’s no other hardware wallet on the market comparable. KeepKey, which went on sale last September, provides advanced security with a sophisticated design — it’s a product you won’t be afraid to use or whip out in public. Founder Darin Stanchfield, said “We made Bitcoin security simple, even for a novice. When you use KeepKey, it is very hard to do the wrong thing.”....
Before hardware wallets, you had to buy a laptop, properly set it up for cold storage and hope you didn’t mess up. The effort and knowledge required turned off many people, leaving them to store their bitcoins on unsecured online wallets. Hardware wallets have made safely storing bitcoins easy, and as a result, more people than ever are storing their bitcoin securely. Though convenient for long term storage, the process involved in sending bitcoins out of the devices is difficult, making them unsuitable for daily use. Today, most bitcoin purchases made in person are done with a mobile....
According to a recent account by a member of the BitcoinTalk community, it appears that certain members of the Federal government have a much deeper understanding of Bitcoin than previously thought. The poster says that during a raid, the government knew to seize unused Trezor wallets and transfer seized bitcoins to their own bitcoin wallets. Hardware wallets, when used correctly, are a highly recommended way to store bitcoins. Understanding how to keep bitcoins secure is a fundamental problem that any new user will face. To quote the poster directly: When "homeland security" raided our....
KeepKey's new USB bitcoin wallet has gone on sale, enabling consumers to store their bitcoins offline. The wallet, which is on sale for $239, allows users to overcome the security problems that come with storing bitcoin on a computer or using third-party custodians. Speaking about the new product, Ken Heutmaker, a software engineer at KeepKey, said: "The KeepKey security model was designed to ensure that the user always has complete control over their private keys. We feel that relying on trusted third parties degrades the security and privacy that the bitcoin ecosystem offers." How does....