Are Passwords Robust Enough to Protect Your Bitcoins?
In this age of hacks and scandals, are passwords really capable of protecting your bitcoins? Each bitcoin address has a corresponding private key, which enables the owner to spend the bitcoins in it, but this private key also needs protecting. The private key for your public bitcoin address is crucial, because without it, you will lose access to your coins. You can't keep this key in your head, though, because it's a long string of alphanumeric gibberish, which is rather impractical to memorise. Some people protect their bitcoins by storing them in paper wallets, embedding them in a....
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Sometimes the world of bitcoin seems lawless. All too frequently, we hear stories of heists, broken-into exchanges, and more. This time around, the victim is bitcoin poker website named "Seals With Clubs'. The service admitted their database had been compromised, but according to CoinDesk, failed to mention that private information of users were intercepted; to the tune of 42,020 individually hashed passwords. Seals With Clubs used SHA1 has functions to protect sensitive information, but it was doing just that. SHA1 is outdate and should not be touched with a ten-foot pole. A user then....
Clef is a new "Passwordless" application bound to change the way we access our web accounts. The internet of today is a harsh place where users are constantly being monitored, and hackers are always ready to track their every step in order to steal their passwords and private information. Security is becoming increasingly important in unwanted eyes trying to get web accounts login information. Today, not even a long password will protect you from being hacked. To be adequately protected, you will need to have a superior security feature enabled. Passwords are no longer secure: The....
Bitcoin poker site Seals with Clubs has confirmed that its database was compromised, although it failed to mention that it lost 42,020 hashed passwords in the process. The hashes were posted to a forum some 24 hours earlier and needless to say they attracted plenty of people bent on cracking them. For some reason Seals with Clubs used SHA1 hash functions, which are for all intents and purposes obsolete. Even the latest SHA3 hash is not suitable for passwords and it appears that the site was relying on cryptographic salting to make them more secure, making sure that different hashes would....
Motor Memory is in the palm of your hand. From your various wallet passphrases to online login accounts, the need for strong passphrases, today, is imperative and this article will show you how to easily create passwords of above-average strength. Not only will you be able to generate stronger passwords on the fly, but the unprecedented techniques, such as the Motor Memory Passphrase, proposed in this article will simplify your task of creating memorable passphrases that are suitably unique, yet simple. As simple as tapping your fingers on a desk. If you've read Part One: Strong Passwords....
According to a recent study on crypto asset storage and passwords, a survey that polled over 1,000 digital currency owners shows 39.7% have forgotten their passwords. The study produced by cryptovantage.com indicates that users unable to recover their passwords lost an average of $2,134. Survey Polls 1,000 US Crypto Owners, Respondents Invest $7,245 on Average Since the inception of Bitcoin in 2009, a number of people have lost coins along the way and this has spread to the myriad of crypto assets in existence today. Just recently, researchers at cryptovantage.com published a study that....