Coinbase’s Brian Armstrong Says it’s Okay to Use Hot Wallets to Store Bitcoin

2019-2-22 03:30

Brian Armstrong, CEO of $8 billion crypto exchange Coinbase, wants to set some misconceptions straight about the security of various types of Bitcoin wallets. Writing in Fortune, Armstrong clarifies – for a mainstream audience – the difference between hot and cold wallets.

If the reader is unfamiliar with the concept, it’s pretty simple. A “hot” wallet is connected to the internet and capable of making immediate transactions. A “cold” wallet is secured offline, by definition, although there are degrees of coldness. A private key stored on an internet-connected device but not loaded into any active wallets is still technically “cold”

The post Coinbase’s Brian Armstrong Says it’s Okay to Use Hot Wallets to Store Bitcoin appeared first on CCN

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Источник: ccn.com

wallets hot → Результатов: 35


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