What is Bitshares? How to make free wallet in Bitshares? How many type of wallets you can create in Bitshares, Which wallet is most secure? How to create and store most secure Bitshares wallet named Paper wallet or cold storage.
Bitshares is decentralized Autonomous company(DAC),BTS is a share of DAC that offers high quality financial services worldwide,Anyone can buy it without any restrictions.Bithsares has advance has advanced governance model,with witnesses,committee,reserve pools and workers.
Daniel Larimer is the founder of Bitshares,The basic aim of Bitshares was to find free market solutions to secure life,liberty and property for all.
Bitshares is a brand of open source software based on same Blockchain technology behind Bitcoin.Unlike Bitcoin which is based on proof of work,Bitshares is based on proof of stake,meaning that mining are not utilized.
Bitshares is Decentralized Autonomous company(DAC),BTS is a share of DAC that offers high quality financial services worldwide,Anyone can buy it without any restrictions.Bithsares has advance has advanced governance model,with witnessess,committee,reserve pools and workers.
Bitshares is software
Bitshares is a network
Bitshares is a Ledger
Bitshares is a company
Bitshares is an Exchange
Bitshares is a bank
Bitshares is a currency
Bitshares is a community and off-course Bitshares is a Country.
Bitshares is a small town on a global scale.
Bitshares is a fast and versatile Payment network.
Bitshares is Blockchain platform for win win situation.
Bitshares Free Wallets
Bitshares is decentralized exchange and multi cryptocurrency wallet, From where you can control your accounts,trade assets and send tokens worldwide.Bitshares offers a complete suite of tools and options for worldwide professional cryptocurrency traders to open a door for new financial freedom.
Bitshares offers three(03) types of Cryptocurrency wallets.
1- Open-ledger Web wallet
CCEDK is one of the biggest cryptocurrency exchanges in Europe started a pure centralized service in 2014.The company is now talking the decentralized approach.CCEDK new OpenLedger program their aim to close the gap between the centralized and decentralized trading.
OpenLedger is the first decentralized exchange that offer a gatway for USD,EURO,CNY as well as numerous bridges to volatile and stable crypto -currencies like Bitcoin,Doge,Ethereum,Steem,peercoin,litecoin etc.
OpenLedger allows everyone to establish their own coin or Business on the same Bitshares Blockchain. Every customer of a business or coin that is part of OpneLedger surely will have an account capable of dealing with your business or holding your coins.
Go to the link for opening an OpenLedger online wallet account for Bitshares.How to create the OpenLedger wallet watch the below Tutorial videos.
2-Bitshares Munich Mobile Wallet
This Bitshares mobile wallet brings all the power of BitAssets to your Android mobile phone.Now you can use your tablets or mobile-phones to pay anytime and anywhere with your favorite BitAssets.The mobile wallet is developed and maintained by Bitshares.munich.de. If want to make wallet on your android mobile phone then go to Google play store and search for Munich mobile wallet or click here to found the wallet software location.
3-Paper wallet or Cold storage.
This an offline wallet( you will make it without internet connection through a zip file software) also known as cold storage. This wallet provide high level of security for saving.This wallet is stored in a secured place which is not connected to the network or internet connection.
How to create offline paper wallet or cold storage?
I personally would not recommended the webwallet as is for storage.
i highly recommend to create/make offline secure paper wallet.
first of all go to the below link and download the rare or zip file named "jshares-master.zip" located in weboage center.
http://www.bitsharesinfo.com/wallets/cold-storage/
If you have not installed the win rare or any other zip file or rare file opener then go to the below link to download and run the the software it will open the downloaded zip file.
Extract the downloaded file to a known location into your pc.
Now go to your extracted file save location and open "jshares-master"
In this folder there is file named "paperwallet" open this file.
This will open a webpage displaying a public and a private key.
A refresh button at top allow you to calculate or regenerate new address
Be careful if you press the "REFRESH" and page refresh the previous public and private keys will be gone forever and you will never recover that keys until you have written the keys down.
Now how to work and generate secure keys and wallet first of all unplug the device from internet and don't reconnect until you have 100% sure that you have finished the job.
Now there is no internet connection make sure WIFI is on oFF position.
Refresh the paperwallet webpage few time and regenerate the keys.
Now write down the last generated public and private key twice on two separate papers to found any error easily when ever you did not got login to wallet or password error.
and one more very important point store the two pieces of paper (n which you have written the public and private key) on two different locations to protect from house-fire or floods etc.
Tripe check that you have copied the public and private keys safely and correctly.
you can store on paper in safe position in your home and another paper give or store outside of your home any family member home or bury it in safe location.
Don't copy paste the public and private keys in your pc the copy paste include ctrl+c-.
The only place where the keys will be written is the two or more pieces of papers which you have stored in secure and safe position.
Refresh the paperwallet webpage to get rid of your secret keys and then shutdown your device/pc.
Reboot your pc/device and reconnect the internet now.
You have done now and you are 99.99% safe and secure
A note on paper wallets: they behave as a piggy-bank would. You can either drop bts into it as often as you like, or you can "smash" it and spend all the funds at once.
There is no partial-withdrawal.
If you want access to only a fraction of the funds on the paper wallet, you must transfer the remaining balance to a NEW paper wallet - NOT THE OLD ONE.
If you access the paper wallet then your private key is no longer 'cold' as it must be revealed to the internet to spend.
BitShares makes all this easy, so there's no need to worry.
To spend the funds on the paper wallet, all you need to do is import the private key to a internet connected wallet.
This is merely typing in the private key and pressing 'import' or 'sweep'.
You may wish to test this process by creating a paper wallet, funding with a tiny amount, and then making sure that when you "import" your private key again the funds are still there
For more info also check the below link
click here for more info about paperwallet how to make cold storage.
2- Bitshares Munich Mobile Wallet
BitShares Wallet is an old wallet that they do not maintain anymore.
Smartcoins Wallet is the one! but the old one still work well
https://play.google.com/store/apps/details?id=de.bitsharesmunich.smartcoinswallet
Yes The paper wallet is the best option in Bitshares.
great post ... thanks.
Bitshares is pretty awesome ... big future there
Welcome yes Bitshares has great future ahead.
Thanks for the info on making paper wallets. Is it the same for other cryptos as well?
welcome yes dear friend
It's same like cryptocurrncy wallet.
The cold-storage wallet or paper wallet is 99.99% secure wallet because you create the keys public key and private without internet connection and save it on paper pieces. this all process is through software can downloaded to your pc/device in zip,rare file and then extract it to safe position in your device and generate keys but first disconnect your device from internet and turn off the Wifi for security purpose.
Being relatively new to the whole crypto world, I always appreciate such posts like yours. Thank you
struggling to connect to Openledger in Bali ...just wondering if it is not blocked in Indonesia...now going for the smartcoins wallet option , hopefully that works
Interesting post. Well done :)