The most controversial classification

Tdyewm

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o_e_l_e_o

legendary

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Quote from: thesmallgod on June 14, 2020, 03:26:25 PM

You do not have control over your private key just like coinbase and other centralized exchange.

Unlike most web wallets, blockchain.com does actually let you access your private keys and seed phrase, and export them to another wallet if you so wish. So although you do have control over your private keys, there is absolutely no guarantee that you have sole control over your private keys. Blockchain.com say they don't have access to your seed/keys/coins, but since their platform is completely closed source, you are trusting them completely on their word.

Otherwise, blockchain.com still suffers from all the same flaws and security risks as other web wallets. They have been hacked repeatedly and have had a number of serious security flaws which resulted in users losing large sums of bitcoin. They should be avoided, like all web wallets.

thesmallgod

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Blockchain.info is a web wallet which to me is not as reliable as the hardware wallet. You can be hacked and all your coin being stolen from you. You do not have control over your private key just like coinbase and other centralized exchange. I hope this convince you enough to show reason why hardware wallet can be chosen over blockchain wallet. I know you are thinking people are moving away from such an old wallet but there is nothing wrong when you make use of other improved platforms that share the same underlying technology

stompix

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Blackjack.fun

Quote from: o_e_l_e_o on June 14, 2020, 02:30:20 PM

Can you link to the report you read?

Tried searching for anything g, the only matches are two...post from cryptotalk, from the username it seems it's the same user
https://cryptotalk.org/topic/30210-ledger-nano-x-the-best-hardware-crypto-storage/?do=findComment&comment=6966384
https://cryptotalk.org/topic/103775-various-kinds-of-trusted-wallet/?do=findComment&comment=6981762
I think there is a serious language barrier here.

Quote from: Magd solieman on June 14, 2020, 02:15:13 PM

Second comes the Trust Portfolio, which has a 94% safety wall.

What wallet is this "trust portofolio" ?

DooMAD

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Leave no FUD unchallenged

Quote from: Magd solieman on June 14, 2020, 02:15:13 PM

The strange thing is that the blockchain was not included in this classification.

That's because "the blockchain" itself isn't a hardware wallet. Hardware wallets are used to store cryptographic keys securely offline. Keys give you access to spend bitcoins on the blockchain. Copies of the blockchain are stored on devices all around the world. You need to familiarise yourself with some of the basic definitions.

o_e_l_e_o

legendary

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Can you link to the report you read?

There is no objective way to rank all wallets - there are far too many variables to consider, and different wallets are stronger at different things. Some are more secure, some are more convenient to use, some support multiple coins, etc. Therefore, any ranking will have an element of opinion to it, depending on what the person writing it deems "more important" and their own personal experiences of each wallet.

Having said that, there are some things that we can say definitively, and one of those is that web wallets are a bad choice. They are insecure, they require you to place complete trust in a third party, your coins can be seized without your consent and there is nothing you can do about it, your account can be frozen or locked, your account can be hacked, the list goes on. Blockchain.com, being a web wallet, suffers from all these flaws. It is a very poor choice of wallet, and certainly nowhere near the "best wallet" as you suggest.

Magd solieman

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About a week ago I read a report on the famous cryptocurrency wallets and a classification of these wallets has been put in place and ranked them starting from the strongest in terms of their firewall, but there is a strange thing I did not expect with this classification for this reason I am now presenting this topic to get the opinions of members about this
The report says: The Ledger Nano Wallet has the strongest firewall of 97%
Second comes the Trust Portfolio, which has a 94% safety wall.
The strange thing is that the blockchain was not included in this classification. Does it make sense that the blockchain started to decline as the best wallet and the Ledger and Trust became the most secure? Or is this classification based on personal opinions? Because I searched a lot and found no evidence that this information was correct

Topic: The most controversial classification (Read 636 times)