main purses characteristics

    

Hello friends, here are the essential features to use a purse to avoid problems in the short and long term

Control over money: cryptocurrency portfolios can allow individual management (only the user owns the private keys), joint management (the owner and the company own private keys), or by a third party (the company owns the keys) private) of the money stored in them. Depending on the control over the management of the money that is chosen, the responsibility and control of the user and the security of the funds in the portfolio increase or decrease.

Validation: cryptocurrency purses can be used to validate completed transactions, full validation (full node, fully download the blockchain), simplified validation (simple node, just download block hashes), or centralized validation (full node) of a third). Based on the type of validation used by the wallet, it must be trusted or not that a third party performs the correct validation of the transactions carried out.

Transparency: cryptocurrency purses can be completely transparent (the application code can be audited and verified by the user), transparent (the code can be audited, but can not be verified by the user), or nothing transparent (the code of the application is closed and the application runs remotely). Depending on the degree of transparency, the user should trust more or less that the developer of the application did not add secret or malicious codes that could cause them to lose their funds or be stolen.

Environment: cryptocurrency portfolios can be installed in vulnerable environments (prone to viruses) with or without two-step authentication, secure environments (such as cell phones where applications are isolated), and very secure environments (such as physical cryptocurrency portfolios) , gadgets). Given the type of environment used, the user must activate mechanisms such as two-step authentication and place complex passwords to their portfolios and devices to avoid loss or theft of funds.

Privacy: cryptocurrency portfolios may or may not disclose information about their users to the nodes of the network (such as the IP address), re-use or not the addresses of the portfolios with each payment, and allow or not the use of the Tor browser to prevent other people or companies from associating transactions with the user's IP address. Depending on the type of privacy that the portfolio provides, the user should be more or less aware of the information that reveals the network.

I hope you liked the post comment that you like thanks and until another post greetings and success.

  If you liked my post, comment-upvote-follow-  @arpost