Alternative Block Chains : be safe! - page 12.

AdamSv

jr. member

Activity: 189

Merit: 1

Quote from: Fqure3 on September 19, 2018, 04:02:38 PM

Bitcoin was created and the world was truly amazed by its blockchain technology people started to realize that there are many things that can be added, altered for the best.

I agree with you BL blockchain technology has changed the world very much, a completely new, breathed new life, it is a huge contribution and a huge progress.

Diegre5

newbie

Activity: 82

Merit: 0

These are all legit platforms that are poised to pose serious competition to ETH for running ICOs through their blockchain.

Gfdety9

newbie

Activity: 86

Merit: 0

I recently saw, having nothing at all to do with crypto currency, a specific virus type that can operate inside and outside of a virtual machine.

Fqure3

newbie

Activity: 77

Merit: 0

Bitcoin was created and the world was truly amazed by its blockchain technology people started to realize that there are many things that can be added, altered for the best.

datanhdung115

newbie

Activity: 1078

Merit: 0

The media plays a role in getting you to the news, but understanding it is difficult. Look at the current discount market, where bitcoin is at around $ 6,500, in the media tend to be splashy and based on the current trend, eventually the main loser. are we But a trading community will have a different view of the market, they will help us understand with any price increase / decrease action.

FRAGILE07

newbie

Activity: 28

Merit: 0

Additionally, don't think everything that conspicuous individuals from the Bitcoin people group need to say in regards to elective chains. Specifically, I know a few people feel that the quantity of affirmations doesn't make a difference and the only thing that is in any way important is the aggregate expected time of the affirmations, with the goal that 1 10-minute-normal affirmation is more secure than 3-minute-normal affirmations. On the off chance that you read Satoshi's paper it's reasonable this isn't valid; the quantity of affirmations is in reality more imperative since exchange security increments exponentially with more affirmations. (His paper has inexact figures; you'll see that tolerant 1 and 2-affirmation exchanges is genuinely unsafe.)

For the most part, in the event that you have a lot of bitcoins on a given PC, being additional wary about outsider programming (be it an Alt-coin customer or an especially extravagant easygoing amusement) is fitting.

primatnok

newbie

Activity: 69

Merit: 0

Blockchain exists on the traverse among financial issues and innovations.Other structures also depend on what you need or are willing to donate.

Fmradio98

newbie

Activity: 70

Merit: 0

much obliged for the counsel. In the crypto world it's in every case great to be somewhat moderate to your income so you don't open yourself to chance unstable and dynamic market

Regeal414

newbie

Activity: 11

Merit: 0

BTC is all around created blockchain, so you don't have any reason not to work with different dealers!

Diegre5

newbie

Activity: 82

Merit: 0

We have smart contracts and Programming software which create blockchain within some minutes. Technology has changed drastically.

Genesis Crypto

member

Activity: 112

Merit: 10

alternative blockchains are quite risky, so my advice is to be very careful and study each blockchain platform in detail before you start working with it. fortunately, information about many of them is more than enough

Ajahboi1

newbie

Activity: 9

Merit: 0

The best way to prevent or avoid any form of hazards on one's crypto is to ensure that strong malware are built on the gadgets or systems used for mining as most Hackers tends to use some software to try hack into one's account thereby having access to all details and thereby swerving them

BTCFLOW07

newbie

Activity: 23

Merit: 0

try not to think everything that conspicuous individuals from the Bitcoin people group need to say in regards to elective chains. Specifically, I know a few people believe that the quantity of affirmations doesn't make a difference and the only thing that is in any way important is the aggregate expected time of the affirmations, with the goal that 1 10-minute-normal affirmation is more secure than 3-minute-normal affirmations. In the event that you read Satoshi's paper it's unmistakable this isn't valid; the quantity of affirmations is in reality more critical on the grounds that exchange security increments exponentially with more affirmations. (His paper has inexact figures; you'll see that tolerant 1 and 2-affirmation exchanges is genuinely unsafe.)

AutoBlockX

newbie

Activity: 88

Merit: 0

As a general rule, if you are dealing with a number of cryptocurrencies and coins, and working from just one computer, you should have some serious defences in place. You have pretty much covered it all in your original post and this really is a concern bitcoin investors should be looking into.

amazura

newbie

Activity: 112

Merit: 0

Sure, it can work. The idea that token isn't based on ETH or BTC protocol is that the team want to be individual. Awesome!

Maximillllian

newbie

Activity: 77

Merit: 0

Quote from: Gavin Andresen on September 09, 2011, 08:21:18 AM

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.

Alternative blockchains are a big problem. Many are scammy and osianna part is not allocated from the gray mass

Sid3d

full member

Activity: 462

Merit: 103

Good advice, which has not lost its relevance. Altcoins have already firmly entered our life, but I still treat them with caution and carefully choose ICO in which I want to participate, because I'm not ready to throw my money in the wind.

steve-rodrigue

newbie

Activity: 12

Merit: 0

I totally agree with the topic. This is why I like new blockchain projects that use existing technology as their foundation. If you are building a PoS sidechain for example, and you are using Tendermint, I feel a lot more comfortable than someone that just created a new byzantine fault tolerant concensus algorythm from scratch.

This is because I already reviewed Tendermint's code and can focus only on the business code of that new project, rather than the blockchain code itself.

Oh, and I prefer if they use dependencies over forks. Forks can be easily manipulated to inject vulnerable code. Dependencies uses the code that is in the git repository of the project maintainers.

Thanks,
Steve

olarrtt

newbie

Activity: 103

Merit: 0

Phishing sites are up and down the internet now from scammers to steal ur coins.
Hardware wallet is the most secure but if you can't afford it ..kindly get metamask from Google chrome.is still a bit secure

MrLBE

newbie

Activity: 70

Merit: 0

Agreed with the topic. I've find myself these solution: run on virtual machine (so that any malware, virus... cannot harm my personal data).

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