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RE: $Bitcoin is Going to the Moon This Weekend - But Not for the Reason You Think

in #bitcoin • 7 years ago

Very interesting and informative. Thank you. So it sounds like most of the entities supporting the fork are Chinese? That makes it even funnier that their declaration was using all this "We The People" patriotic language.

What do you think of the Jaxx wallet? Will that keep my stuff safe?

7 years ago in #bitcoin by
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     7 years ago 

    Hey, what is a hot wallet vs a cold wallet?

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       7 years ago 

      A "hot wallet" is an account controlled by a computer program that holds the keys. It can make transactions in real time, but if a hacker gains access to the computer on which the program is running, he can steal the keys, and therefore the balance.

      A "cold wallet" is an account for which the private key is stored offline, either on paper, in the brain of a person, or on a device like a Trezor. Since the private key is not online, it is theoretically impossible to hack a cold wallet.