Pages:
Author

Topic: Alternative Block Chains : be safe! (Read 1618675 times)

newbie
Activity: 7
Merit: 0
August 16, 2021, 04:43:13 PM
Altcoins have lost its value in recent times with many block chain being permissionless. May at times projects are being promoted with the notion that notable programers, technologists are behind such projects. Sooner than later it'd be discovered that most names are just published to lure innocent investors.

NEAR can be a great project but what are the evidences that they are building something worthwhile. However we shall look into the project as time goes on.
jr. member
Activity: 95
Merit: 2
August 16, 2021, 06:56:31 AM
I definitely recommend checking out NEAR. NEARs team of developers is world class coming from companies like google and Facebook just to name a couple. It’s also been backed by top VC’s including Coinbase and Pantera Capital. It’s currently top 10 in the amount of developers building on it according to GitHub and is also top 10 for the amount of money hedge funds have invested in it. I truly believe it’s a hidden gem that will be huge in the coming years. NEAR is also climate neutral and is building Web 3.0, NFT marketplaces, games, finance, fighting climate change, and more. I’d definitely recommend checking it out, their telegram is very welcoming and the admin answered all of my questions about the project!
sr. member
Activity: 437
Merit: 250
August 02, 2021, 01:30:41 PM
While #DashDirect is a great way to save while spending your #Dash, it's far from the only way to spend it! Dash is a truly global and versatile money.
https://twitter.com/Dash_Community/status/1421539453781397506
 Roll Eyes
Megafone Save up to 12% instantly at the brands you love with the #DashDirect app! Sacolas de comprasCarrinho de compras

Easily shop and pay with #DASH at over 155,000+ locations and 125+ online merchants in the #USA

Celular com seta da direita para a esquerda Download the Android or iOS app at http://DashDirect.org and start saving today!
https://twitter.com/Dashpay/status/1420107581713002505
 Roll Eyes
newbie
Activity: 8
Merit: 0
July 14, 2021, 02:01:07 PM
Beside all that, some projects may lead to absolute doom. But as you said, "Don't invest more money or time than you can afford to lose."
I haven't seen anybody post about what would be my biggest worry if I were trying out alternative block chains. I realize this may be perceived as "Gavin is FUD'ding anything that isn't bitcoin!"  (FUD == Fear, Uncertainty and Doubt)  But I think some of you might be forgetting some basic computer security fundamentals in the excitement to be early adopters.

When I first heard about bitcoin, my questions were:

1) Can it possibly work (do the ideas for how it works make sense)?
2) Is it a scam?
3) If it is not a scam, could it open my computer up to viruses/trojans if I run it?

I answered those questions by:

1) Reading and understanding Satoshi's whitepaper.  Then thinking about it for a day or two and reading it again.
2) Finding out everything I could about the project.  I read every forum thread here (there were probably under a hundred threads back then) and read Satoshi's initial postings on the crypto mailing list.
3) Downloaded and skimmed the source code to see if it looked vulnerable to buffer overflow or other remotely exploitable attacks.

If I were going to experiment with an alternative block-chain, I'd go through the same process again. But I'm an old conservative fuddy-duddy.

If you want to take a risk on a brand-new alternative block-chain, I'd strongly suggest that you:

1) Run the software in a virtual machine or on a machine that doesn't contain anything valuable.
2) Don't invest more money or time than you can afford to lose.
3) Use a different passphrase at every exchange site.


hero member
Activity: 1008
Merit: 500
June 10, 2021, 04:57:49 AM
Alternative Block Chains This blockchain technology may seem like an unnecessarily complicated process to move money around.  But blockchain has its advantages.

 With traditional payment methods every transaction in the world is registered on privately owned databases owned by companies and state entities.  This database is not accessible to the public and is therefore closed.  They are also usually owned by a single entity.  Due to this nature, they can be open to fraud or exposed to attacks that can cripple the network.

 Unlike the bitcoin blockchain.  Now think about blockchain as an enhanced database.  It records all transactions in bitcoin, does not allow recurring payments, and requires multiple parties to authenticate the movement of the digital coin.
brand new
Activity: 0
Merit: 0
June 02, 2021, 02:00:06 AM
What is TokenPocket (TPT) | What is TokenPocket token| What is TPT token
TPT refers to TokenPocket Token, an applicational token representing TP users and developers’ rights in the TP ecosystem. TPT is also an important link among the wallet, users, and developers.

Five Things You Probably Didn’t Know About TokenPocket
There is a giveaway at the end of this article. Free TokenPocket Tokens for Everyone.

Most cryptocurrency products, companies and communities exist as walled gardens. TokenPocket brings everything and everyone together, giving users a pleasurable way to experience a variety of cryptocurrencies and blockchain applications in a single app. TokenPocket is more than a wallet, its an experience and symbol of true blockchain unity, accessibility and interoperability. A one-stop-shop for dApps, blockchains and cryptocurrencies.

TokenPocket is a multi-blockchain cryptocurrency wallet and dAppstore. In the following post, I’ll show you some amazing things you probably didn’t know about TokenPocket and some reasons why you should give it a five-star rating.

1. TokenPocket is Available on Android, iOS, and Desktop and it Supports Everyone.

TokenPocket is available on android, iOS, and desktop and it supports most of the major blockchains and cryptocurrencies. TokenPoket started by supporting the EOS blockchain but it has since spread its boundaries to include more blockchains and ecosystems. If you want your token to be listed on TokenPocket, just reach out to the team on Telegram. I’m sure that they would be excited to include your cryptocurrency in their wallet. The blockchains that you would find on TokenPocket are ETH, EOS, BOSCore/BOS, Tron, IOST, Cosmos, Binance, e.t.c. Tokenpocket supports all the cryptocurrencies and dApps associated with these blockchains. TokenPocket support for bitcoin is coming soon!

You can download TokenPocket from PlayStore or AppStore. TokenPocket has two versions for iOS users, the first one is the TokenPocket wallet which you can download directly from AppStore. The other one, referred to as TokenPocket Pro is not available on AppStore, you’ll have to download it using test flight. TokenPocket Pro contains a dApp store through which users can access all the dApps on the blockchains supported by TokenPocket. For details on the difference between TokenPocket and TokenPocket pro, click on this link.

2. More than Just a Wallet.

TokenPocket is more than just a wallet. It is a dAppstore, a handy blockchain toolkit, a one-stop-shop for blockchains and all things crypto and one of the best places to get the latest blockchain and cryptocurrency news.

You can access the dAppstore in TokenPocket by clicking on “discovery”. It would give you access to dApps that are built on all the blockchains supported by TokenPocket. If you are looking for a specific dApp, all you have to do is go to the topmost address bar titled “search dApp or enter a link” on the “discovery page”, click on it and enter the link to the dApp website.With TokenPocket you can do basic blockchain activities like voting for your favourite block producer or proxies and managing your resources.

Recently, TokenPocket launched a built-in cross-chain token swap service. This supports the swap of BTC , EOS, TRX, ETH, BTT, USDT, HT, DAI, TUSD, and USDC. More tokens are being added. With this service, you can seamlessly swap your crypto tokens. You don’t have to transfer them to an exchange. TokenPocket makes life easy for the crypto enthusiast.For more information on how to use the instant token swap on TokenPocket, click on this link.

3. TokenPocket is Secure. It's a Non-Custodial wallet. This means it doesn’t Hold your Private Keys nor Does it Know them.

TokenPocket is a Non-Custodial wallet. This means it doesn’t hold or know your private keys. As a user in TokenPocket, you have full custody and responsibility for your private keys. If TokenPocket does not take custody of private keys, then how does it handle the keys. TokenPocket uses three-layer encryption. The private keys are stored locally, physically isolating important data, processed by a three-layer encrypted algorithm, and sensitive information is never leaked. It uses multiple security with a password to protect your private information. It supports fingerprint and facial recognition.

Non-Custodial wallets offer the best Blockchain facilities. They are more secure than custodial wallets. They give users full control of their assets and private keys. This puts the responsibility on the users to secure their keys. If you lose your private keys, you lose your funds forever and there is no recovery whatsoever.

With non-custodial wallets like TokenPocket, no one can freeze your funds due to maintenance, KYC requirements, e.t.c. You do not risk losing your money due to hacks or other security flops. For example, in May 2019, there was a  large scale” data breach, in which hackers stole more than $40 million (7,000 bitcoin) from the most popular cryptocurrency exchange/wallet. Satowallet recently lost millions of dollars due to an  OVH data server error. These risks do not exist in a non-custodial wallet like TokenPocket.

4. You can trade on Decentralized Exchanges like Binance Dex or Newdex.io via TokenPocket.

By now you already know that TokenPocket enables you to easily swap your crypto tokens. That’s not the only trading that occurs in TokenPocket.

You can access many decentralized exchanges on TokenPocket. For EOS, the most popular one and the one I use is NewDex.io. The beautiful thing about trading on exchanges via TokenPocket is that you have an extra sense of security since you don’t have to put in your private keys or create any extra password or worry about your funds being manipulated or stolen. Access to many decentralized exchanges is a great feature but the ease of access and great user-experience is what really makes TokenPocket stand out. Before now, decentralized exchanges have been notorious for having a poor UX.

5. TokenPocket has a Token: TPT.

TokenPocket Token (TPT) is the native currency of the TokenPocket platform. TPT is one of the innovative features of TokenPocket. One of its current use-cases is that it gives you access to some advanced/premium features in the TokenPocket app. It also gives exclusive access to some airdrops. Holders of the TPT would receive special airdrops based on their stake.

TPT also has some interesting tokenomics (token economics). The TokenPocket team recently announced the f ourth round repurchase and burn program of TPT. Burning of crypto tokens has proven to be a good way to induce scarcity and give more value to the holders. I look forward to seeing how the TokenPocket team would create innovative use cases for the TPT and value to the holders.

The TPT is live on the EOS main net and you can buy it from  Newdex.io and other exchanges via the TokenPocket app.
sr. member
Activity: 1176
Merit: 282
February 28, 2021, 01:40:37 PM
You have given good opinions. Nowadays, the transaction fess of Bitcoin is very high and its transaction speed is very slow. Many people do not use Bitcoin because of its high transaction fees. They prefer other coins blockchain for transferring funds such as TRON, Stellar, BSC( Binance smart chain). etc
People use these blockchain because of the low transaction fess and high speed.
For me really good chain at Huobi, because transaction very high speed and very low gas price (less 0.01), bsc(0.1-0.2 usd per transation).
member
Activity: 812
Merit: 53
February 06, 2021, 01:19:20 PM
You have given good opinions. Nowadays, the transaction fess of Bitcoin is very high and its transaction speed is very slow. Many people do not use Bitcoin because of its high transaction fees. They prefer other coins blockchain for transferring funds such as TRON, Stellar, BSC( Binance smart chain). etc
People use these blockchain because of the low transaction fess and high speed.
full member
Activity: 490
Merit: 101
FRX: Ferocious Alpha
February 06, 2021, 10:03:50 AM
Thanks for the interesting article! Valuable information for those who start working with cryptocurrencies. The article gains more and more value when bitcoin and other currencies fly up and a new historical moment takes shape around the topic of cryptocurrency. A huge number of people who do not understand anything about this come to the market with their money and the lack of basic knowledge and rules of conduct in the market. The more articles by authoritative users will be devoted to community development, the better for everyone.
jr. member
Activity: 55
Merit: 1
July 01, 2022, 12:26:17 PM
Blockchain wallets are safest wallet. Blockchain wallets use private key encryption to secure data and all transaction.




I agree with you.

There is very little possibility of a hack if you keep a token in a blockchain wallet. Lastly Blockchain Wallet is a safe wallet.

What is a blockchain wallet?
jr. member
Activity: 840
Merit: 6
July 12, 2022, 09:20:12 AM
Any suggestion's on buying Altcoins as i am new to it.
The easiest way to buy crypto and store is on a regulated exchange like Coinbase. That said, once you become more advanced, you will need to install metamask to use DApps on chains like Polygon, Candle Chain, and Fantom. One step at a time.
jr. member
Activity: 48
Merit: 2
July 01, 2022, 09:30:50 AM
Any suggestion's on buying Altcoins as i am new to it.

The market does not always go the same.
Now buying alcohol can make a lot of profit in the future. I come to it.
newbie
Activity: 2
Merit: 0
November 15, 2024, 05:08:52 PM
I haven't seen anybody post about what would be my biggest worry if I were trying out alternative block chains. I realize this may be perceived as "Gavin is FUD'ding anything that isn't bitcoin!"  (FUD == Fear, Uncertainty and Doubt)  But I think some of you might be forgetting some basic computer security fundamentals in the excitement to be early adopters.

When I first heard about bitcoin, my questions were:

1) Can it possibly work (do the ideas for how it works make sense)?
2) Is it a scam?
3) If it is not a scam, could it open my computer up to viruses/trojans if I run it?

I answered those questions by:

1) Reading and understanding Satoshi's whitepaper.  Then thinking about it for a day or two and reading it again.
2) Finding out everything I could about the project.  I read every forum thread here (there were probably under a hundred threads back then) and read Satoshi's initial postings on the crypto mailing list.
3) Downloaded and skimmed the source code to see if it looked vulnerable to buffer overflow or other remotely exploitable attacks.

If I were going to experiment with an alternative block-chain, I'd go through the same process again. But I'm an old conservative fuddy-duddy.

If you want to take a risk on a brand-new alternative block-chain, I'd strongly suggest that you:

1) Run the software in a virtual machine or on a machine that doesn't contain anything valuable.
2) Don't invest more money or time than you can afford to lose.
3) Use a different passphrase at every exchange site.


This is great advice and should be used for every investment , potential investment.
Now there is a lot more to buy coins, tokens, meme(erc-20), and on new chains.
I was recently hit hard by a disperse app scammer. They launch with the first 60 transactions 10 million all at the same time.
Once the token is pumped they sell off. I made a huge mistake and purchased a small amount .5 eth made $500 . Was really difficult as there was a fail on swap and finally I made it. I backed a way for a few minutes and started its pump. I tried again this tim for .9 eth . I was not as lucky though started falling  so I buy a little more . 7 eth it rises up again. I had reviewed this meme and was new to this type of trading. I Sent a sale thru using Cow Swap and never completed expired. I patiently waited and my value was looking like form 1.7 eth to 1.55 eth . At this point I had Uniswap and cow swap open and trying to swap.At 10:00 am tired and biting for hours for a small recovery to dump the token. I made a hug mistake. I decided to try and pump the token to then sell and make a small profit or recover a small lose. .4/.5 eth. I buy 2.7 Eh I was dumped on by 4-5 sells. Someone else bought 1 eth back in and I did same 1 eth then Another .9 Eth. All of a sudden as im ready to swap all and be done with this token my intent cuts out, laptop and phone. I made a huge mistake and went to sleep, passed out after internet went out. I realize now I should have drove to starbuck immediately and sold . When I woke up I could not believe there was a sell off and the team, dev had dumped all the tokens (most of their tokens) I did not check the first transactions of this newly launched token(shit coin). I checked everything else , socials token sniffer ,honeypot ,goplus , quick Intel (every audit I could before being). I really did not know how important it is to check the first 100 transactions.
Here is my Eth address if you want to help Address
 0x1Fe6ddB0996D38f650b32cf31ab11e2cD09907F0.
I am not expecting anything and just an honest person trying to help someone from losing any or a large amount of Eth , Crypto from these type of scammers.There are so many of them .I was able to track the token scammers and they had moved all the Eth off to 2 wallets containing 160, 165 Eth that's over 1 million total.
I had been scammed before in a  pump and dump ( had locked liquidity for 1 month so looked legit project even name was good  Oracle Dao. The rug pull BitBonk (I know I was Bonked). The other scam I was hit by was a fake air drop they use Dapp to drain my wallet. I even fell for the coinbase support phone call and the real coinbase had sent me a message to confirm. SO I was just not think correctly and opened a new coinbase wallet and the scammer stole all my Monkas I transferred and my Eth. Crypto has been a huge learning lesson and lots of loses, some from my own lack of knowledge. I have always supported crypto and especially Bitcoin #1.I now am very alert and not buying any newly created memes or crypto( Eth is not available currently.)
I am not giving up I and working (laptop refurbishing) and selling some usb asic miners bit fury I have collected.
I have been studying and learned how to create erc-20 tokens and experimented with v2 v3 providing liquidity. I hope to one day move from this experience and create some positive crypto currency.
Cheers, Jonathon A
?
Activity: -
Merit: -
November 19, 2024, 04:12:52 AM
Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.
You can use a virtual machine for this. You don't need to have more computers.
full member
Activity: 308
Merit: 100
August 24, 2024, 09:02:56 AM
yo guys, i need some nice community things kind of stuff, its been quite sometime not in da space. Grin
copper member
Activity: 56
Merit: 1
July 19, 2024, 03:36:26 AM
There are many great points in this post, however, if you are up to setting a node for an alternative blockchain to run it's protocol, it's crucial to not only check the software for it, but the project, founders and investors behind it as well. It would be great to check the community, their socials, info and metrics about the token, so that there wouldn't be honey pots or rug pulls. And, of course, DYOR is a corner stone for any kind of activity in this sphere.
jr. member
Activity: 263
Merit: 1
July 12, 2024, 02:26:11 AM
Thanks for your info! It is always a good advice to set a different password for every account you are creating in the internet, especially for those who are connected to payment services!

Yes it is! However, you need to be careful you don't begin to get confused as to which password is for which site or platform. The fact remains that we interact with different platforms almost on a daily basis.

Not sure if writing these passwords down somewhere is something to recommend. Some persons have adopted encrypting their passwords into Google doc or Google drive. Whatever works, just don't forget your password
newbie
Activity: 1
Merit: 0
Thanks for your info! It is always a good advice to set a different password for every account you are creating in the internet, especially for those who are connected to payment services!
newbie
Activity: 11
Merit: 0


"Thank you for sharing your insights, Gavin. Your approach to security and risk assessment is thorough and prudent. I agree that it's crucial to prioritize safety when experimenting with alternative blockchains, especially given the evolving nature of the crypto space. Your tips on running software in a secure environment, conducting thorough research, and using unique passphrases are invaluable reminders for anyone venturing into new blockchain projects. Safety and security should always be top priorities in this space."
newbie
Activity: 1
Merit: 0
April 17, 2024, 05:28:31 PM
🚀🎮 Stepping into the Future of Gaming! 🎮🚀

The world of gaming continues to move forward with amazing innovations! From virtual reality to artificial intelligence, let's explore what awaits in the future of gaming.

🔮 Total Virtual Reality: Get a more immersive and realistic gaming experience than ever before!

🤖 Advanced Artificial Intelligence: AI will bring smarter and more dynamic challenges, making every game an unforgettable experience!

☁️ Cloud Gaming: Access your favorite games from anywhere, anytime, without the need for expensive hardware!

🎮 Interactive Gameplay: Responsive motion controls and stunning haptics will immerse you in the world of gaming like never before!

🏆 Growing E-Sport: Get ready for bigger tournaments, fiercer competition and more lucrative prizes!

💬 Powerful Gaming Community: Find new friends, collaborate on games, and explore the world of gaming together!

Get ready to discover what awaits in the future of gaming! Let's explore a new world full of limitless possibilities! 🌟🎮 #FuturumGaming #GamingFuture #LatestInnovation
Pages:
Jump to: