Ensuring the security of your crypto wallet is paramount, and creating a reliable backup is one of the most crucial steps. The adoption of the BIP-32 and BIP-39 standards has introduced the seed or master private key as a mnemonic sequence, typically consisting of 12 or 24 words. With a secure backup in the form… Continue reading Understanding wallet security: Restore Methods
Month: July 2023
Crypto Wallet Security Rating Report. Key Insights and Findings
Highlights: Wallets: More Than Just App As crypto assets find their place in the minds of people around the world, the waves of hype and fear wash every aspect of the crypto industry. And while cryptocurrencies and NFTs have the main stage in the current environment, crypto wallets are often the first step of every… Continue reading Crypto Wallet Security Rating Report. Key Insights and Findings
Understanding wallet security: Obligatory Backup Feature
Let’s explore what obligatory backup entails, why it is important, and how it influences the overall security of your wallet. Additionally, we will highlight a concerning statistic and emphasize the significance of incorporating obligatory backups into a wallet design. The importance of obligatory backup A crypto wallet backup refers to the process of securely storing… Continue reading Understanding wallet security: Obligatory Backup Feature