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Topic: Alternative Block Chains : be safe! (Read 1341170 times)

newbie
Activity: 7
Merit: 0
August 16, 2021, 05:43:13 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, 07:56:31 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, 02:30:41 PM
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newbie
Activity: 8
Merit: 0
July 14, 2021, 03:01:07 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, 05:57:49 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, 03:00:06 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, 02:40:37 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, 02:19:20 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, 11:03:50 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, 01:26:17 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, 10:20:12 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, 10:30:50 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: 1
Merit: 0
newbie
Activity: 109
Merit: 0
December 06, 2022, 07:49:53 AM
How are you?
newbie
Activity: 130
Merit: 0
January 10, 2023, 06:07:12 AM
The decentralized network with the system-building appeals

Users from various ideal preference fundamentals describe with decision as appealing of cultures with appreciation as focusing of individuals with the majors on examination

as replacing the unit of disposition of funds with the choice as entering field, to become of parts with the network of chains as improving the usage on strategics.
newbie
Activity: 1
Merit: 0
February 04, 2024, 12:08:42 PM
Buy Caldera, you will get a big airdrop of 100 dollars
newbie
Activity: 0
Merit: 0
April 17, 2024, 06:28:31 PM
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jr. member
Activity: 1162
Merit: 7
March 22, 2024, 06:20:04 PM
Thanks for the information. My interest goes to brand new blockchains, including blockchains on testnet. Avoid using your important gadget/wallet when engaging with brand new blockchains as well as when participating in testnet airdrops/assignments. IMO, it is important to carry out detailed research before using/connecting gadgets/wallets to new blockchains to avoid losing one's hard earned crypto assets - newbies and old crypto enthusiasts should be cautious.
newbie
Activity: 40
Merit: 0
January 10, 2023, 06:02:47 AM
You simply need 1 convenient bitcoin client that can securely live on a scrambled and supported up volume, and one normal one for everyday small stuff. Dislike you regularly send 5000+ BTC, no?

As it turns out, cobbling together a fairly serviceable versatile bitcoin is really clear.
legendary
Activity: 3290
Merit: 1221
Top Crypto Casino
December 14, 2022, 05:25:13 PM
How to restore the metamask wallet with these words?
I don't remember my password): I lost $500, sorry

general october mammal clay stand glare more sister inch mother poem poverty


THIS IS A SCAM GUYS

don't fall for this : no one wll ever give you their seed phrase

Check here :  https://medium.com/metamask/rotten-seed-phrases-a-new-scam-targeting-crypto-users-b414f9ef292e
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