Topic: Is it possible? (Read 175 times)
Think it will be lot of problems like send BTC and get BCH instead) Or ETC instead ETH) And devs will buy own island)
What are the major pros and cons of using coin's own/designated wallet?
That varies quite a bit based on which coin you're talking about. For example, with Bitcoin, using the core/QT client has the infamously long syncing process for new wallets, and the storage requirement is high and ever-increasing. (Although pruning is an option.)
Many other "default" wallets are full node wallets that need to sync the entire blockchain. For example, Litecoin, although the blockchain size is much smaller than that of Bitcoin.
However, if you trust the coin enough to invest directly or invest mining time, then it seems that you would trust the development team behind the default client. (Assuming you download it from the correct source and trust the signature.) Using web-based wallets or other 3rd party wallet clients requires you to trust a separate development team. (Although many 3rd party wallets are good, just wait for them to be verified independently.) Coins such as Ripple that do not have a core wallet client are a different story...
What are the major pros and cons of using coin's own/designated wallet?
Hi,
Is it possible that I make single wallet for specific category of the algo-based currencies:
For eg.:
Single wallet for: Ethereum, Ethereum Classic, Ubiq (Ethash based)
Single wallet for: Bytecoin, DigitalNote, Monero (CryptoNote-based)
Single wallet for: Zcash, Zcoin, Zclassic, ZeroVert, Bitcoin Gold (Zerocoin-based)
Thanking you in anticipation and looking forward,
Regards,
Rizwan
Is it possible that I make single wallet for specific category of the algo-based currencies:
For eg.:
Single wallet for: Ethereum, Ethereum Classic, Ubiq (Ethash based)
Single wallet for: Bytecoin, DigitalNote, Monero (CryptoNote-based)
Single wallet for: Zcash, Zcoin, Zclassic, ZeroVert, Bitcoin Gold (Zerocoin-based)
Thanking you in anticipation and looking forward,
Regards,
Rizwan
Yes, it is possible, however, there isn't an immediate development advantage to grouping them by choice of mining algorithm, which I think is what you are asking.
Main wallets I use is bittrex) Usually no problem wit it all comes fast. Also using myetherwallet and waves lite.
I commend your enthusiasm and wish you nothing but the best on any future cryptocurrency projects.
The thing is, there is no need to reinvent the wheel. There are already lots of multi-coin wallets available today. Maybe simply get a trezor or ledger nano s. Do you want a software wallet? Just use an exchange. It's probably even safe and more trustworthy than using some unknown person's so called wallet. Not questioning you but just stating facts, its not needed.
The thing is, there is no need to reinvent the wheel. There are already lots of multi-coin wallets available today. Maybe simply get a trezor or ledger nano s. Do you want a software wallet? Just use an exchange. It's probably even safe and more trustworthy than using some unknown person's so called wallet. Not questioning you but just stating facts, its not needed.
no
Hi,
Is it possible that I make single wallet for specific category of the algo-based currencies:
For eg.:
Single wallet for: Ethereum, Ethereum Classic, Ubiq (Ethash based)
Single wallet for: Bytecoin, DigitalNote, Monero (CryptoNote-based)
Single wallet for: Zcash, Zcoin, Zclassic, ZeroVert, Bitcoin Gold (Zerocoin-based)
Thanking you in anticipation and looking forward,
Regards,
Rizwan
Is it possible that I make single wallet for specific category of the algo-based currencies:
For eg.:
Single wallet for: Ethereum, Ethereum Classic, Ubiq (Ethash based)
Single wallet for: Bytecoin, DigitalNote, Monero (CryptoNote-based)
Single wallet for: Zcash, Zcoin, Zclassic, ZeroVert, Bitcoin Gold (Zerocoin-based)
Thanking you in anticipation and looking forward,
Regards,
Rizwan
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