Bitcoin Mining and Security, Part 2


Let us give a brief overview of crypto security and if you need to, see Part 1.

The security of Bitcoin is important. Your Bitcoin or any other cryptocurrency has a unique address or identification or private key. Therefore, you need to realize the importance of keeping it safe. If you lose it, it’s hard to recover, so you need to make it as safe as possible.

I definitely want to emphasize this, because safety is paramount and should not be taken lightly.

There are countless stories of people who have lost access to their computers (either through negligence or wrongdoing) and have finally been unable to recover their bitcoin or other cryptocurrency. This should be equivalent to keeping your wallet unprotected by pickpocketing or inadvertently when going out.

Luckily there is a way to make your assets twice as defensive. A secure hardware wallet will ensure that if you unfortunately lose access to your computer or tablet, etc., (by any means) you have the ability to recover Bitcoin, Etherium, Lightcoin, etc.

A hardware wallet allows you to recover your cryptocurrency on any other computer, as it is basically a USB connection that you use to secure your transactions.

The second level of security.

Trezor is the original hardware wallet and is easily set up for your bitcoin security. There are other products available, but for the rest of this article I decided to deal with the Trezor hardware wallet initially.

Trezors is one of the mainstays of bitcoin security.

Using the Trezor screen, you can independently verify and physically verify every transaction directly on your device.

It requires a PIN from you each time you log in This ensures that you are always present

As a single purpose device, the wallet has no other function.

Easy addition equals security.

Period is no exception to the risk of treasure malware or virus. However, the fewer devices Trezor communicates with, i.e. no Bluetooth, WiFi or Qr code scanning, so the simpler the communication protocol, the more secure your Bitcoin security.

Also, the Trezor has no battery. When unplugged, it stays off and your coins are safe from any cyber attack.

I hope I have emphasized the importance of bitcoin security. The main issues are zero trust and concrete safety. Also make sure that your backup process is just as secure, as needed to ensure that your details are accessible to someone you trust.