Ethereum

Bitcoin

Challenge

Security

<p>In a turbulent crypto universe, wallet security becomes a burning issue. Vitalik Buterin, the iconic figure of Ethereum, and Peter Watts, founder of Reservoir, shed light on these digital territories with their valuable advice.</p>
<h2 id="h-security-tips-from-vitalik-buterin-for-crypto-holders">Security Tips from Vitalik Buterin for Crypto Holders</h2>
<p>Vitalik Buterin, the man behind Ethereum (ETH), highlights the advantages of multi-signature wallets over hardware wallets in <a href="https://twitter.com/VitalikButerin/status/1785562273433387320" target="_blank" rel="noopener noreferrer nofollow">a recent post on Twitter</a>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ETHUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ETHUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/ETHUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">ETHUSD chart</span></a> by TradingView
 </div>
</div> 
<p>To secure their digital assets, Mr. Buterin emphasizes the importance of multi-sig crypto wallets. He reveals that he uses this method for over 90% of his assets.</p>
<p>In this system, control of funds is distributed among multiple parties, called “keys.” This is referred to as the “M of N” approach, where the user holds certain keys while others are entrusted to trustworthy third parties, thus forming a decentralized security network.</p>
<p>Buterin also advises not to disclose the identity of these trusted third parties to each other, adding an additional layer of privacy and security.</p>
<p>This approach underscores the importance of enhanced security in the crypto universe, where asset protection is an absolute priority.</p>
<h2 id="h-wallet-security-a-challenge-according-to-experts">Wallet Security: A Challenge According to Experts</h2>
<p>Peter Watts, founder of Reservoir, warns of the pitfalls of hardware wallets, highlighting the risks associated with human error.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://join.swissborg.com/r/frederEZU5" target="_blank" rel="noopener noreferrer nofollow">Buy your first cryptocurrencies with Swissborg</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>Watts alerts to scenarios where users inadvertently compromise their security, such as losing seed phrases or hastily moving without access to essential components.</p>
<p>“<em>When using a hardware wallet, the greatest risk is oneself</em>,“ he says, emphasizing the importance of vigilance and responsible storage practices.</p>
<p>This warning underlines that even the safest hardware wallets can have vulnerabilities related to the user.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://go.primexbt.com/click?pid=8658&amp;offer_id=12&amp;l=1594368336" target="_blank" rel="noopener noreferrer nofollow">Start trading Bitcoin with PRIME XBT</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>Watts’ support for multi-signature crypto wallets, shared by other experts like Vitalik Buterin, reflects a consensus on improving security protocols in the industry.</p>
<p>It is crucial to prioritize robust security measures to mitigate risks and protect assets in the realm of cryptocurrencies.</p>

Crypto: Vitalik Buterin reveals security secrets for your wallets

Table of Contents

Cointribune EN

Outros artigos publicados em 4 de mai. de 2024

BTC Price Continues to Trade Within Narrow Range: Here’s Why There Is No Growth After the Bitcoin...

Solana price prediction – These are the price targets after +$9M liquidations

DOGE Officially Added to Tesla's Payment Options but There's Catch

Bitcoin ETFs Face Largest Outflow Amidst GBTC’s Turnaround

Crypto Platform Developers Vanish with Investors’ Funds: A New Case of Crypto Fraud

Tellor Price Prediction: TRB Pumps 8.2% As This World-First AR/VR Crypto ICO Charges Towards $6 M...

Join our free newsletter for daily crypto updates!