Is developing your own Wallet safer? - page 2.

Chikito

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Quote from: DevelopFI on February 19, 2017, 05:39:07 AM

Would developing your own Bitcoin Wallet be safer than using known ones like Electrum? It would obviously be much simpler, with no GUI, worse overall security but no one could get their hands on its source code. I have enough programming experience myself to make it but I'm wondering if it even makes sense to do so.
Thank for your help!

I think is very difficult, electrum become famous wallet for easy and believe, not only that electrum also have licenses good for programming. if the OP wants to create a wallet without a GUI then OP should also have the same licenses as programmers electrum.

slaman29

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If I had skill I would develop my wallet to be more easy to use, rather than secure... but actually also to figure out a way to do something with my coins if I lose it. Self-thinking wallet.

fanita

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choose to collect the results that have been sourced from the open program vulnerable. wallet also known open source to enable users to review his own.

BitMaxz

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I agree with achow since there are some script for output and input if someone knows about your wallet and they can not access it
they can do something about requesting script or something that they can inject a code in your site or wallet that can send your bitcoin from his bitcoin address.. So i think it is not safe unless if you have a knowledge like behind the code or punnycode js or any good script just to hide access to your main account.

Quote from: Igor Tatarov on March 16, 2017, 11:42:33 AM

I prefer to save the wallet in a virtual machine and protect the wallet file with a zip password Wink

Not good idea your vps will not stay for a long time unless if you have lots of money to pay for yearly and its still needs backup your wallet.. better to use common wallet in your pc.. and make a backup in your drive D.

fuckitall

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Well I won't recommend that because it might happen that the wallet you design may be perfect from your side but it makes ghr have some hidden issues like incorrect hashing..that cause you serious pain in brain ....incorrect hashing may lead to transCtion malleability....well if you reeLly wNt to keep you btc safe then you can use for ne wallets like trezors

adam440

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I'm more positive about it. It can be a great learning opportunity. You will definitely learn a lot about bitcoin and blockchain technology in general. And obviously, you will learn so much about digital signatures and security in general. You can then use this knowledge in other projects. Not only blockchain-oriented ones. However, it wouldn't be wise to make your wallet publicly available. Even wallets, that have been developed by many programmers for years get hacked. Yours will be hacked at best in a matter of weeks. As long as you don't publish it and operate it at your own risk (therefore store in it only as much as you are willing to loose in case of unexpected behavior of software), it can be a really good learning experience. Good luck

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fathur.aza

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like where how to inflate itself?
I want to really but there must be a friend let me not seemed to work themselves and can exchange opinions, respectively.

susila_bai

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Developing your own wallet is not a bad idea until you are not strong on the security side if not anyone can hack your wallet and steal your coins. So it is upto you that how much good you are developing your wallet

Und3rw00d

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would be great to have some page in internet, where people can find only time-tested tools for decentralized networks.

just_Alice

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Quote from: DevelopFI on February 19, 2017, 05:39:07 AM

Would developing your own Bitcoin Wallet be safer than using known ones like Electrum? It would obviously be much simpler, with no GUI, worse overall security but no one could get their hands on its source code. I have enough programming experience myself to make it but I'm wondering if it even makes sense to do so.
Thank for your help!

I wouldn't suggest you to do that. I can't say that there is absollutely no sense in that, if you are a good programmer you can make it very simple and useful. The question is: does it worth that? I mean, it is a huge risk, even though you have skills you must remember that there are other programmers
who have skills and they seek for vulnerable systems. So, I think it is better to use not as much convenient wallets, as you wished it to be, but at least know that your money is safe.

jonald_fyookball

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Quote from: DevelopFI on February 19, 2017, 05:39:07 AM

Would developing your own Bitcoin Wallet be safer than using known ones like Electrum? It would obviously be much simpler, with no GUI, worse overall security but no one could get their hands on its source code. I have enough programming experience myself to make it but I'm wondering if it even makes sense to do so.
Thank for your help!

so why would you do it if it would be a worse UX with worse security.... just to have your own source code? for what? I don't understand. unless security and safety are 2 different things to you.

mr.mister

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Quote from: DevelopFI on February 19, 2017, 05:39:07 AM

Would developing your own Bitcoin Wallet be safer than using known ones like Electrum? It would obviously be much simpler, with no GUI, worse overall security but no one could get their hands on its source code. I have enough programming experience myself to make it but I'm wondering if it even makes sense to do so.
Thank for your help!

The first thing most programmers do usually before they contemplate in coding anything, is, find out if anyone has solved the problem they want to solve. In this case the answer is yes. There are more than a handful of wallets that are secure.

I don't see a need to code your own wallet, unless you want to do it as a project for the learning experience. The electrum wallet is a great lite wallet, and there are others.

shield132

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Quote from: betlord90 on March 15, 2017, 10:57:16 PM

Quote from: User365 on March 15, 2017, 04:29:06 AM

If you code EVERYTHING yourself it will be, BUT if you use some libraries, methods, etc which are not written by you it will be more vulnerable Wink

Good point stated, as a matter of fact it will be more safer if you yourself create your own wallet if only you have the skills and the knowledge in doing such. But if you really dont have any idea about coding and the likes you should seek for the trsuted on.

Writing everything yourself alone is very hard and when we talk here about bitcoin wallet. I already said here that electrum, bitcoin core and etc some very known wallets are safe bacuse they are developed from many people. Also you both said that it's better to build yourself without any help of already written codes. You are wrong, putting that useful codes for creating wallets are perfect, there is high risk that yout written will be full of bugs.

shewasfourteen

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Is developing your own Wallet safer?
I dont think so

Anyways, the biggest threat is still Malware. Your own Wallet or a public one, if ur Systen is infected u are in big trouble.

Being Safe in the Bitcoin World -- > Use a Live System (USB,DVD) and do ur stuff there.

mr.mister

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You would be very foolish to try to develop your own wallet, without having extreme knowledge of the blockchain,programming, and encryption.

There is absolutely nothing wrong with the electrum wallet. Learning to use a wallet is very important as well, or you can be subject to attack, even with a good wallet.

DuddlyDoRight

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Basically a duplicate thread to https://bitcointalksearch.org/topic/developing-a-wallet-1751382

Since the boom of cryptocurrency there has only been about four software's made that were half-way worthy of public use, and they were all for LTC and BTC.. Out of those they all have sketchy development at best. Core has people fighting and leaving and very little auditing; that's the best..

Stuff in the realm of alt-coin is mostly just low-ball investor guys paying the lowest bidder to modify source then doing cheesy marketing campaigns. It's typically just pre-mine schemes on top of all that..

Contract a math grad student and hire a competition-programmer unless you know what a buffer overflow looks like in a disassembly and took a differential-equation exam at some point in your life. Else you're just another person trying to capitalize off a problem..

NiHaoMike

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Just read up on how many "secure" schemes developed by those with insufficient knowledge of security failed catastrophically.

I suggest just taking an open source wallet already known for being secure and auditing it to be sure.

Yamato Tatsuki

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Developing your own wallet is a great idea specially if there is not much competition in your country. You could buy and sell bitcoins to your currency in a low price.

Igor Tatarov

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I prefer to save the wallet in a virtual machine and protect the wallet file with a zip password Wink

betlord90

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Quote from: User365 on March 15, 2017, 04:29:06 AM

If you code EVERYTHING yourself it will be, BUT if you use some libraries, methods, etc which are not written by you it will be more vulnerable Wink

Good point stated, as a matter of fact it will be more safer if you yourself create your own wallet if only you have the skills and the knowledge in doing such. But if you really dont have any idea about coding and the likes you should seek for the trsuted on.

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