you don't have to! it is an option that we chose which is compatible with its decentralization. otherwise we live in a world where most things we use are closed source from operating systems to the applications that come for it. but then we have the decentralized and open source in their opposite side as a competitor. like Linux versus Windows.
long story short you have to choose between the two and each have their own advantages and disadvantages that you need to deal with.
Topic: Why do we have to choose Open source software? - page 2. (Read 373 times)
We know that holding Bitcoin is better when users have full control over their funds. What makes an open source software better? Is there any advantage on using it than using close source wallet.
With a closed-source wallet, you have to wonder whether it's been sufficiently reviewed. Further, it's possible your private keys could be stolen and relayed to a malicious party. While the latter is unlikely in the case of a reputable company like Jaxx, it's still a potential way to lose your coins.
Stick with an open source wallet that's been extensively peer reviewed.
If you want a free software, then choose this open source else try the paid ones. Open source is editable by anyone and redistribute, etc. What script you want to use by the way.
It makes open-source software somewhat better because the code is visible. While definitely not everyone can understand and read the code, other knowledgeable people(mostly programmers or developers themselves) can call them out if ever the software developers of a certain wallet are doing something fishy/unethical or has malicious intent.
If we're talking about open-source bitcoin or cryptocurrency wallets in general, then wallets being open-source is a big deal. We're talking about potentially huge amounts of money that can be stolen if the software is malicious.
If we're talking about open-source bitcoin or cryptocurrency wallets in general, then wallets being open-source is a big deal. We're talking about potentially huge amounts of money that can be stolen if the software is malicious.
It is a matter of trust. Using an open-source wallet does not mean that you are safe unless you review each code and verify it yourself.
If you do not have the ability to review each line in the code, you should trust the views of others who review it, and it is not very different from the closed-source wallets. "The difference is that you only have to trust a limited number of people in the case of closed-source wallets and an unlimited number of People in the case of open-source one."
Absolute safety means that you must learn things yourself.
If you do not have the ability to review each line in the code, you should trust the views of others who review it, and it is not very different from the closed-source wallets. "The difference is that you only have to trust a limited number of people in the case of closed-source wallets and an unlimited number of People in the case of open-source one."
Absolute safety means that you must learn things yourself.
We know that holding Bitcoin is better when users have full control over their funds. What makes an open source software better? Is there any advantage on using it than using close source wallet.
For me,it doesn't matter if it's open source or closed source.I just want to hold my private keys.
Each version has it's own advantages and disadvantages and we have to look at the code,in order to decide which one is better.Just comparing a software by the availability of it's source code is pointless.
We know that holding Bitcoin is better when users have full control over their funds. What makes an open source software better? Is there any advantage on using it than using close source wallet.
With a closed-source wallet, you have to wonder whether it's been sufficiently reviewed. Further, it's possible your private keys could be stolen and relayed to a malicious party. While the latter is unlikely in the case of a reputable company like Jaxx, it's still a potential way to lose your coins.
Stick with an open source wallet that's been extensively peer reviewed.
We know that holding Bitcoin is better when users have full control over their funds. What makes an open source software better? Is there any advantage on using it than using close source wallet.
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