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Large-scale updates of Tkeycoin. What’s next? — listing on the crypto exchange. Are you with us?

Large-scale updates of Tkeycoin. What’s next? — listing on the crypto exchange. Are you with us?

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Hello, everyone, It’s been a long time since you heard our team, someone thought we were gone, someone was waiting, and someone disappeared himself.
All this time we have worked hard to bring you good news. We will tell you what we have prepared for you, what events will be soon, what you can use right now and what else will be new in the year. And so, let’s go!

Preparing for listing on the exchange

The pandemic period played into the hands of the entire team and we managed to build beauty in our services. In anticipation of the exchange, the team tidied up the sites and services and connected new tools. First of all, we paid attention to the preparation of all services for a foreign audience, taking into account its mentality.
New sections, localizations, nice things, and much more to ensure the most efficient use of the TKEY resource. In addition to the new tabs, the services that we will talk about in this material, there is a special page for representatives of the exchange with the necessary documentation for listing — https://tkeycoin.com/en/documentation/.

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Full localization

Already today the official website tkeycoin.com available in 5 languages: Russian, English, Korean, Chinese (Simplified), Chinese (Traditional).

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We made adjustments to the Russian and English versions of the site, including support for Korean and Chinese for each section of the site. Professionals in their field, native speakers translated and adapted the information as it should be, and we, in turn, structured and framed it properly. So welcome!

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We will update language support for the site, and soon it will include support for all languages that are available in the mobile app.

QR Codes for Asian Audience


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Our friends and residents of Asian countries actively use QR codes in their lives, both when paying in stores and when working with websites. QR codes are used almost everywhere when renting a car or bike, we just open the phone, scan and the mode of transport becomes available for use, anything is available for rent, even a battery, even an umbrella.
“It was a hot May day. Seven-year-old Wang Jiaozui came out of school and saw his grandfather, who came to pick him up. He was standing in the sun, and his shirt was soaked with sweat. Jiaozui invited the grandfather to buy a cold Cola in the shop, but he forgot her purse at home. It turned out that this is not important — the boy took his grandfather’s smartphone and called the payment app with a QR code on the screen.” ©
What to say if QR codes are used even to identify entire farms. By pasting QR codes on farm buildings and then scanning them, government inspectors can quickly figure out who owns the building and whether its owners are violating any laws.

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We must be on the trend! Now a special library generates QR codes for the desired page, any tab on the site tkeycoin.com in Chinese and Korean-accompanied by a QR code that leads to the requested page: fast, convenient, and simple.
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Providing this opportunity to our colleagues and future users of Tkeycoin from Asia is a friendly approach and most importantly, a strategic step on our part. After implementing QR codes, we are undoubtedly drawn into the convenience of this function, which we recommend to You:) If you like it, we will make QR codes on the Russian and English versions of the site.

Buying and withdrawing cryptocurrency to a Bankcard


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On the site, you can now buy Bitcoin for pound, dollars, euro, and any other currency. This is a powerful automated service for instant exchange of fiat currencies for cryptocurrencies. The system works around the clock and seven days a week, allowing everyone to conduct exchanges at any time of the day and in the shortest possible time.
Withdrawal to a Bank card will be available until the end of the month, we finish the details, the page is available now, and the withdrawal itself will be activated during this week. You can buy Bitcoin, Ethereum, or any other currency right now.

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These features are the future for the function of purchasing any product or service for TKEY at any point of sale, which will form the basis of the mobile app, quickly, conveniently, and most importantly, observing the letter of the law.
All we do is build an Empire that is being built before your eyes. Every service and product is connected, so any update promises the appearance of even more cool and effective features than before.

Buying cryptocurrency for pound, dollars, euros, and other currencies

At the end of February, we told you that we are working on building a payment service that will include the provision of services: buy cryptocurrencies, sell a cryptocurrency, withdraw cryptocurrency to Bank cards, etc.
This day has come, now you can buy Bitcoin (BTC), Ethereum (ETH), Tether USDT, Basic Attention Token (BAT), Algorand (ALGO), Tron (TRX), OKB (Token Okex.com).

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The purchase is available in any currency: Russian ruble, US Dollar, Euro, British pound, Ukrainian hryvnia, Indonesian rupiah, South Korean won, Japanese yen, Turkish Lira, Argentine peso.
As you can see, the currency corridors are quite extensive, which allows you to make exchanges fast and at a favorable rate. Just choose the right pair to exchange or buy, available fiat currencies: RUB, USD, EUR, GBP, UAH, IDR, KRW, JPY, TRY, ARS, available cryptocurrencies: BTC, ETH, BAT, USDT, ALGO, TRX, OKB.
Even if this wide list does not include the currency you want to buy, such as Bitcoin or USDT, it’s okay — the service will automatically convert your currency into the payment currency and the Bank will make the exchange. Exchanges take place within 1–3 minutes, it is enough to pass quick verification once, which allows you to work with a volume of > 15,000 euros per month.

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Exchange of cryptocurrencies for pound, dollars, euros, and withdrawal of Bankcard

In addition to the fact that you can now easily buy a cryptocurrency for fiat currencies, pound, dollars or any other, during this week we will finish work on the withdrawal to a Bank card and you can easily withdraw your profit to the card, the most important thing is that this is a completely legal method, and all operations pass through banks and jurisdictions where work with digital assets is legalized.
This means that when you buy or make a withdrawal to the card, you get legal funds that are credited to you by the Bank or payment system.
If you are used to working with effective tools that work in a new way, or rather correctly and legally, then this service is for you. Fast crediting, easy exchange, a large selection of currency pairs, that’s what the company is betting on.
We work with the most reliable third-party partners to make your cryptocurrency process easy and convenient, and most importantly safe for You. The service supports plastic and virtual Bank cards VISA, MasterCard, MIR, and other payment systems for fast payment processing.

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On the exchange page, you can choose any currency pair to exchange in the opposite direction, for example, GBP to BTC or USD to BTC. Choose a suitable pair for exchange, available fiat currencies: RUB, USD, EUR, GBP, UAH, IDR, KRW, JPY, TRY, ARS, available cryptocurrencies for exchange: BTC, ETH, BAT, USDT, ALGO, TRX, OKB.
How it works
When buying cryptocurrency for the first time, your Bank reserves (holds) the requested amount, then this amount is transferred to the authorization waiting state. As soon as the Bank freezes the fiat funds, the service fixes the exchange rate at the time of creating the application, reserves the cryptocurrency, and provides you with 30–40 minutes to complete verification. After successful verification, the service charges cryptocurrency to the wallet.

Quick verification

Verification takes 2–3 minutes and requires only one time to perform operations every day. The “Know Your Customer” (KYC) procedure is necessary to exchange cryptocurrencies for fiat currencies.

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As you understand, you need to pass verification 1 time, regardless of whether you withdraw funds or buy currency, after passing verification, all services are available to You without any further confirmation.

New currency

Support for other currencies, including TKEY, will be added gradually and highlighted through service updates. As for the TKEY exchange, it will become available in exchange services after listing on the exchange. Listing on an exchange allows you to automate the exchange process, link the necessary services, and most importantly, the exchange provides liquidity, which is key when we talk about exchanging for a particular currency.
We will tell you more about the operation of the service and its advantages, chips, in a separate material dedicated to the withdrawal and purchase of cryptocurrencies for fiat currencies, as well as touch on various banking issues and tell you how you can combine the SWAP service for more efficient exchange and withdrawal to the card.

Charitable activity

By making an exchange or purchase of cryptocurrency, you help children and people who need our help. We deduct 0.1% of the profit from each transaction to charity funds.
This is the fastest and most comfortable way of charity, which allows you to bring together people who are not indifferent to other people’s problems. TKEY enables people to do good deeds, and the resulting turnover profit of 0.1% is sent to charity funds every month. Together with You, we create new opportunities for people in need who need help — “Big things have small beginnings”.
How does it work?
You have made an exchange or purchase operation, the company has accumulated the volume of these operations for a month->the company has chosen a charity Fund->sent funds to the charity Fund’s account. Priority charity funds are children’s aid funds. You can always suggest a candidate for a particular Fund by sending a message to [[email protected]](mailto:[email protected]).
Why do we write Funds and not a Fund?
This is the first launch of the service, so depending on the monthly volume, we will focus on distributing funds to one charity or several. For example, if we have accumulated $ 10,000, we can distribute $ 5,000 to 2 funds. if we have accumulated $ 100, it is logical that we will only send this amount to 1 Fund. With the development of the service, we will be able to focus on several funds, which we will actively help due to the received volume.

New sections, improvements for existing services

Menu logic and site structure

The menu logic has been revised. now more items are available on the menu and they are divided into sections. Navigation through the sections has become much easier and more convenient. for some sections, QR codes are available for Russian and English-speaking audiences, and for representatives of Asian countries, all sections are available by QR code.

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TKEYSPACE Promo Page

New blocks were added, the entire page was fully localized and is available in Chinese, Korean, English and Russian, and QR codes were added for easy navigation for the Asian audience.

Documentation for the exchange

We have already mentioned that there is a section for exchanges with the necessary documentation for listing, now it is available in English. In the next updates, it will be translated into Russian, Chinese (Traditional and Simplified), and Korean.

Market Data (Coin Data)

The market data section has been optimized for mobile apps. Charts are expanded and optimized page borders for most mobile devices, and you can search for cryptocurrencies and tokens that interest you.

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FAQ

Added answers to frequently asked questions in various sections of the site, You can find the information directly on the section page, for example, TKEY-QT, SWAP or Core. Right on the page there is a FAQ section, in which we disclose answers to questions, for example: How are You going to solve the scalability problem, or why did you choose Phoenix as the logo and symbol of the project, or how do you exchange cryptocurrency for pound or dollars? As you can see, you can get answers to different questions, depending on the topic of the site section.

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Footer

For convenience, the site’s footer has been expanded and new sections (quick tabs) are included, which are also available in the QR-code format. In addition to various details, the footer is now accompanied by the company’s coat of arms — the Phoenix, which is the symbol of the entire community, the Phoenix Alliance.

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Page 404

Added page 404, which is also an integral part of the site. now when you go to a non-existent site page, all the necessary menu items are fully available to us, which will quickly Orient You and direct you to the desired section.

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What is waiting for us in the nearest future?

In addition to various improvements, connecting services, our team has been working every day on other main areas of the Tkeycoin project, which are already being prepared for the next release and we will tell you what updates, what plans, events, and what else will be interesting this year.

Online conference with management

An online conference in question-answer format will be organized. The main task of the conference, in addition to questions and answers, is to discuss plans, talk about new directions, touch on issues of legislation, and analyze current issues of users.
The online meeting format will allow you to get feedback and discuss a large number of issues in a short time. Questions related to technical support and other questions that can be answered through the administration will not be discussed.
The meeting involves the development, constructive, and suggestions from users for further development of the Tkeycoin project. If you are interested in participating in the conference, you can also make business proposals during it, please use the time to your advantage. We work for you.

New content: reports, new categories, useful information

Based on user feedback, we introduce new categories to our content plan:
Reports This section will be accompanied by information about the work done by the team for the month, the format of submission — abstracts, highlights. This format will help establish feedback between users and developers.
Question-answer
In addition to the content that we produce ourselves, users have questions that arise during the process of working with the project’s services, as well as during interaction with the project itself. To avoid making guesses and making up stories, we have introduced the question-answer category.
Users ask questions in comments, and the company prepares answers based on the questions and they are published in the post. Depending on the number of questions, the post generates all the answers, or the post is divided into parts if the number of questions for the past period was the largest. In addition to asking questions, you can make suggestions to the project, for example, about new features or directions.
This format also builds feedback and helps to improve all services. the most important thing is that it can not only help us but also you, as the offer and questions will help you focus on the tasks that the end-user wants to see.

TKEY-POOL (Tkeycoin pool)

We are completing the work and debugging of the official pool for Tkeycoin, this is a completely new approach for mining Tkeycoin. The pool will feature higher performance and stable architecture, a light interface, and objective commissions.
A pool is a highly loaded system that works 24/7/365, it turns out that such a product hides a sufficient number of lines of code and, most importantly, is built on a reliable architecture that can withstand +50000–100000 miners, not to mention the number of connected devices for this number of miners.
A cryptocurrency pool is a combination of the hardware power of many miners at once to increase the probability of finding a block. The reward for a block obtained by the pool is distributed among all participants.
The TKEY pool is developed taking into account the features of the Tkeycoin blockchain, including multi-blockchain, transaction model, hashing, blocks, and other nuances that are an upgrade of the blockchain among others. Together with the pool, the TKEY network is being tested: high loads, attacks, and other tests that show positive results, proving that the TKEY blockchain can work under any loads and is protected from attacks.
Our task was to: 1. Stable system for handling high loads; 2. Adaptation pool for any software; 3. Connecting any hardware for mining cryptocurrency Tkeycoin; 4. Fair remuneration calculation; 5. Security.
The main goal is for any user, regardless of the software and hardware used, to be able to connect to Tkeycoin mining via a pool. The first releases will be accompanied by a simple user-friendly interface, easy connection, instructions for various mining programs that can be connected.
In future releases, we will optimize the operation of the pool, add new features, as well as tracking functions and other nice things. any suggestions from miners and the community are interesting to us and will be implemented, so do not hesitate to send your suggestions after the launch.

TKEYSPACE updates


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Work on the TkeySpace mobile app is also not standing still. We will soon release updates for TkeySpace on Android and iOS.
This release is a complete transition to the most stable version of the mobile wallet. This means that after the update, even with the largest changes, the user will not need to completely reinstall or restore to use the new features, as before, just update the app via the AppStore or GooglePlay.
Between the previous update has been a sufficient amount of time, on average, updates are released once a month. This update will be one of the major ones. We are finishing work on the code to prepare the app for the new features that will be available this year. Besides, we are improving the app’s logic, data processing speed, optimizing the code, restoring order, and preparing for the global market.

Exchange, purchase of cryptocurrency and withdrawal to the Debit/Credit Card


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In addition to pleasant optimizations, the app will display the exchange and withdrawal to a Bankcard, tab with an optimized page for exchange, withdrawal, and the purchase will be available directly in the mobile app. This upgrade will also capture the cryptocurrency exchange SWAP page, which can be evaluated after the update. Other features and new features will be announced by the developers immediately after the release.

SWAP Update

The development team is finishing work on optimizing the SWAP service. Regardless of updates, it is available in working mode 24/7/365. The team is working on improving the operation, optimizing the page, changing the interfaces, improving navigation, and speeding up query processing. This update is also among the upcoming ones, along with the pool, mobile wallets, and other news that will excite.

Network Statistics

In the network statistics section, there are several sections that will be fixed — this is the hash rate of the network and the volume of Tkeycoin. Now the volume of Tkeycoin is displayed by mTKEY, and the graph itself indicates M TKEY, the user may incorrectly understand the volume of transactions in the network, so, given the current volume, it is advisable to switch the display to TKEY, and in the future switch to mTKEY for large volumes.
TKEY is divided into cryptograms (CryptoGramm, cgr), uTKEY (keys), and mTKEY. 1 TKEY = 100 000 000 cryptograms. 1 mTKEY = 100,000 cryptograms. 1 TKEY contains 1000 mTKEY. 1 mTKEY = 0.00100000 TKEY 1 uTKEY =100 cryptograms 1 TKEY contains 1,000,000 utkeys. 1 uTKEY (keys) = 0.00000100 TKEY 1 cgr = 0.00000001 TKEY

Cryptocurrency Exchange

This issue has become the cause of mass discussions, disputes, investigations, the subject of memes, kitchen, and online conversations, that just did not happen, that TKEY is not taken anywhere, someone made guesses that we are waiting for everyone to run away, or TKEY is a world conspiracy and around some actors, you can write a book or shoot a great series, not worse than Breaking Bad.
Jokes, jokes, but the question is serious. Since the 4th quarter of last year, the company has been actively working on the issue of listing, prepared the necessary platform for this, held several meetings, negotiations, released the necessary products, figured out various transfers of funds to the blockchain, worked out many small things, many major issues that were behind the scenes. Everything is ready, and it’s time to start soon. This will be a surprise, believe it or not, and we will meet you on the stock exchanges :)

What other plans does the company have?

Enabling payment at retail outlets

After entering the exchange, we will actively engage in connecting payments to implement them and link them to TKEY. The plan, strategy, and legal component are ready.

Payment development

This implies the development of payments and services that will expand the use of digital currencies in the commercial sphere. Application on the territory of Russia will depend on the Federal law on the CFA, in any case, we plan to analyze the law, after its release, to find a legal way to implement payments based on blockchain and digital assets. Therefore, until the law is released, we are keeping this initiative in the future, and we will work on other jurisdictions that will support it.
We left some plans behind the scenes, because they will make the greatest impact on the market and the value of our asset, and this — likes silence.

What useful materials will be released soon?

How to effectively use the SWAP service together with the exchange and purchase of cryptocurrency from a Bank card?

We will tell you in detail how to use these 2 services, how to save on payments and purchases, how to exchange tokens that are very difficult to exchange, how to quickly get money for them to the card, and much more.

The law CFA

Our opinion about the law of cryptocurrencies in Russia, what to pay attention to, what to prepare for, how to act if there is a complete ban. Let’s talk about legal nuances and banking practices.

TKEY blockchain

In this material, we will talk about the blockchain, analyze the issues of the system, expand the questions on attacks, payment processing, and touch on the system of multiple chains. The article suggests your suggestions, perhaps someone will have ideas that we will implement in the chain.
At the end,
Don’t forget to ask questions in the comments or send suggestions to [[email protected]](mailto:[email protected]) we will be happy to respond and consider your requests for any of our services. Collaboration, feedback, help us make the whole platform better.
Thank you for being with us! Until new meetings, stay tuned for news, updates, because the most unexpected news comes spontaneously.
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

Groestlcoin 6th Anniversary Release

Introduction

Dear Groestlers, it goes without saying that 2020 has been a difficult time for millions of people worldwide. The groestlcoin team would like to take this opportunity to wish everyone our best to everyone coping with the direct and indirect effects of COVID-19. Let it bring out the best in us all and show that collectively, we can conquer anything.
The centralised banks and our national governments are facing unprecedented times with interest rates worldwide dropping to record lows in places. Rest assured that this can only strengthen the fundamentals of all decentralised cryptocurrencies and the vision that was seeded with Satoshi's Bitcoin whitepaper over 10 years ago. Despite everything that has been thrown at us this year, the show must go on and the team will still progress and advance to continue the momentum that we have developed over the past 6 years.
In addition to this, we'd like to remind you all that this is Groestlcoin's 6th Birthday release! In terms of price there have been some crazy highs and lows over the years (with highs of around $2.60 and lows of $0.000077!), but in terms of value– Groestlcoin just keeps getting more valuable! In these uncertain times, one thing remains clear – Groestlcoin will keep going and keep innovating regardless. On with what has been worked on and completed over the past few months.

UPDATED - Groestlcoin Core 2.18.2

This is a major release of Groestlcoin Core with many protocol level improvements and code optimizations, featuring the technical equivalent of Bitcoin v0.18.2 but with Groestlcoin-specific patches. On a general level, most of what is new is a new 'Groestlcoin-wallet' tool which is now distributed alongside Groestlcoin Core's other executables.
NOTE: The 'Account' API has been removed from this version which was typically used in some tip bots. Please ensure you check the release notes from 2.17.2 for details on replacing this functionality.

How to Upgrade?

Windows
If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), then run the installer.
OSX
If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), run the dmg and drag Groestlcoin Core to Applications.
Ubuntu
http://groestlcoin.org/forum/index.php?topic=441.0

Other Linux

http://groestlcoin.org/forum/index.php?topic=97.0

Download

Download the Windows Installer (64 bit) here
Download the Windows Installer (32 bit) here
Download the Windows binaries (64 bit) here
Download the Windows binaries (32 bit) here
Download the OSX Installer here
Download the OSX binaries here
Download the Linux binaries (64 bit) here
Download the Linux binaries (32 bit) here
Download the ARM Linux binaries (64 bit) here
Download the ARM Linux binaries (32 bit) here

Source

ALL NEW - Groestlcoin Moonshine iOS/Android Wallet

Built with React Native, Moonshine utilizes Electrum-GRS's JSON-RPC methods to interact with the Groestlcoin network.
GRS Moonshine's intended use is as a hot wallet. Meaning, your keys are only as safe as the device you install this wallet on. As with any hot wallet, please ensure that you keep only a small, responsible amount of Groestlcoin on it at any given time.

Features

Download

iOS
Android

Source

ALL NEW! – HODL GRS Android Wallet

HODL GRS connects directly to the Groestlcoin network using SPV mode and doesn't rely on servers that can be hacked or disabled.
HODL GRS utilizes AES hardware encryption, app sandboxing, and the latest security features to protect users from malware, browser security holes, and even physical theft. Private keys are stored only in the secure enclave of the user's phone, inaccessible to anyone other than the user.
Simplicity and ease-of-use is the core design principle of HODL GRS. A simple recovery phrase (which we call a Backup Recovery Key) is all that is needed to restore the user's wallet if they ever lose or replace their device. HODL GRS is deterministic, which means the user's balance and transaction history can be recovered just from the backup recovery key.

Features

Download

Main Release (Main Net)
Testnet Release

Source

ALL NEW! – GroestlcoinSeed Savior

Groestlcoin Seed Savior is a tool for recovering BIP39 seed phrases.
This tool is meant to help users with recovering a slightly incorrect Groestlcoin mnemonic phrase (AKA backup or seed). You can enter an existing BIP39 mnemonic and get derived addresses in various formats.
To find out if one of the suggested addresses is the right one, you can click on the suggested address to check the address' transaction history on a block explorer.

Features

Live Version (Not Recommended)

https://www.groestlcoin.org/recovery/

Download

https://github.com/Groestlcoin/mnemonic-recovery/archive/master.zip

Source

ALL NEW! – Vanity Search Vanity Address Generator

NOTE: NVidia GPU or any CPU only. AMD graphics cards will not work with this address generator.
VanitySearch is a command-line Segwit-capable vanity Groestlcoin address generator. Add unique flair when you tell people to send Groestlcoin. Alternatively, VanitySearch can be used to generate random addresses offline.
If you're tired of the random, cryptic addresses generated by regular groestlcoin clients, then VanitySearch is the right choice for you to create a more personalized address.
VanitySearch is a groestlcoin address prefix finder. If you want to generate safe private keys, use the -s option to enter your passphrase which will be used for generating a base key as for BIP38 standard (VanitySearch.exe -s "My PassPhrase" FXPref). You can also use VanitySearch.exe -ps "My PassPhrase" which will add a crypto secure seed to your passphrase.
VanitySearch may not compute a good grid size for your GPU, so try different values using -g option in order to get the best performances. If you want to use GPUs and CPUs together, you may have best performances by keeping one CPU core for handling GPU(s)/CPU exchanges (use -t option to set the number of CPU threads).

Features

Usage

https://github.com/Groestlcoin/VanitySearch#usage

Download

Source

ALL NEW! – Groestlcoin EasyVanity 2020

Groestlcoin EasyVanity 2020 is a windows app built from the ground-up and makes it easier than ever before to create your very own bespoke bech32 address(es) when whilst not connected to the internet.
If you're tired of the random, cryptic bech32 addresses generated by regular Groestlcoin clients, then Groestlcoin EasyVanity2020 is the right choice for you to create a more personalised bech32 address. This 2020 version uses the new VanitySearch to generate not only legacy addresses (F prefix) but also Bech32 addresses (grs1 prefix).

Features

Download

Source

Remastered! – Groestlcoin WPF Desktop Wallet (v2.19.0.18)

Groestlcoin WPF is an alternative full node client with optional lightweight 'thin-client' mode based on WPF. Windows Presentation Foundation (WPF) is one of Microsoft's latest approaches to a GUI framework, used with the .NET framework. Its main advantages over the original Groestlcoin client include support for exporting blockchain.dat and including a lite wallet mode.
This wallet was previously deprecated but has been brought back to life with modern standards.

Features

Remastered Improvements

Download

Source

ALL NEW! – BIP39 Key Tool

Groestlcoin BIP39 Key Tool is a GUI interface for generating Groestlcoin public and private keys. It is a standalone tool which can be used offline.

Features

Download

Windows
Linux :
 pip3 install -r requirements.txt python3 bip39\_gui.py 

Source

ALL NEW! – Electrum Personal Server

Groestlcoin Electrum Personal Server aims to make using Electrum Groestlcoin wallet more secure and more private. It makes it easy to connect your Electrum-GRS wallet to your own full node.
It is an implementation of the Electrum-grs server protocol which fulfils the specific need of using the Electrum-grs wallet backed by a full node, but without the heavyweight server backend, for a single user. It allows the user to benefit from all Groestlcoin Core's resource-saving features like pruning, blocks only and disabled txindex. All Electrum-GRS's feature-richness like hardware wallet integration, multi-signature wallets, offline signing, seed recovery phrases, coin control and so on can still be used, but connected only to the user's own full node.
Full node wallets are important in Groestlcoin because they are a big part of what makes the system be trust-less. No longer do people have to trust a financial institution like a bank or PayPal, they can run software on their own computers. If Groestlcoin is digital gold, then a full node wallet is your own personal goldsmith who checks for you that received payments are genuine.
Full node wallets are also important for privacy. Using Electrum-GRS under default configuration requires it to send (hashes of) all your Groestlcoin addresses to some server. That server can then easily spy on your transactions. Full node wallets like Groestlcoin Electrum Personal Server would download the entire blockchain and scan it for the user's own addresses, and therefore don't reveal to anyone else which Groestlcoin addresses they are interested in.
Groestlcoin Electrum Personal Server can also broadcast transactions through Tor which improves privacy by resisting traffic analysis for broadcasted transactions which can link the IP address of the user to the transaction. If enabled this would happen transparently whenever the user simply clicks "Send" on a transaction in Electrum-grs wallet.
Note: Currently Groestlcoin Electrum Personal Server can only accept one connection at a time.

Features

Download

Windows
Linux / OSX (Instructions)

Source

UPDATED – Android Wallet 7.38.1 - Main Net + Test Net

The app allows you to send and receive Groestlcoin on your device using QR codes and URI links.
When using this app, please back up your wallet and email them to yourself! This will save your wallet in a password protected file. Then your coins can be retrieved even if you lose your phone.

Changes

Download

Main Net
Main Net (FDroid)
Test Net

Source

UPDATED – Groestlcoin Sentinel 3.5.06 (Android)

Groestlcoin Sentinel is a great solution for anyone who wants the convenience and utility of a hot wallet for receiving payments directly into their cold storage (or hardware wallets).
Sentinel accepts XPUB's, YPUB'S, ZPUB's and individual Groestlcoin address. Once added you will be able to view balances, view transactions, and (in the case of XPUB's, YPUB's and ZPUB's) deterministically generate addresses for that wallet.
Groestlcoin Sentinel is a fork of Groestlcoin Samourai Wallet with all spending and transaction building code removed.

Changes

Download

Source

UPDATED – P2Pool Test Net

Changes

Download

Pre-Hosted Testnet P2Pool is available via http://testp2pool.groestlcoin.org:21330/static/

Source

submitted by Yokomoko_Saleen to groestlcoin [link] [comments]

Have I lost my BSV?

HI guys
So, I've been hodling some BTC in a BitcoinQT wallet since before the BCH and BSV forks and I finally decided to claim them.
My BTC wallet had 4 private keys. I swept those private keys into my Electron Cash wallet, which I had restored from my Electrum wallet seed and had used previously to successfully split the BTC that was in the Electrum wallet.
So far, no problems. All the BCH showed up in Electron Cash. But then I tried the next step, which was use ElectrumSV to copy my Electron Cash wallet and use the built in splitting feature in ElectrumSV. That procedure worked perfectly when I split the BTC that was in my Electrum wallet, but this time, ElectrumSV only showed the BSV that was split from 1 out of the 4 private keys. The other 3 were missing.
The one that did show up, I had actually previously swept that key into my Coinomi BCH wallet before I rembered I had to split the BSV/BCH.
I'm hoping someone here can offer some guidance going forward. Were the coins double-spent whenI swept my BTC keys into Electron Cash? Any idea why ElectrumSV isn't acurately copying my Electron Cash wallet like it's supposed to? The transactions appear on the BCH blockchain, but not the the BSV blockchain. Should I just sweep those BCH keys into Coinomi at this point?
Hope this post wasn't too rambling and convoluted to follow! Any help would be greatly appreciated. Cheers!
submitted by Spunkrawker to btc [link] [comments]

Groestlcoin Release September 2018

Introduction

As always, the past 3 months since 22nd June have been crazy busy. The bears might still be around, but the show must go on and of course has not slowed the Groestlcoin development team in the slightest. Here’s a quick overview of what has already happened since the last release: - Integrated into the bitbns exchange, with the ability to buy Groestlcoin directly with the Indian Rupee. - Groestlcoin Rebrand Vote – Whilst there was much talk and push for a rebrand vote, the overall result was almost unanimously in favour of keeping our unique and conversation-starting name. With just 83 votes to Rebrand, and 2577 votes to No Rebrand. Thank you for all who voted, the funds raised are being used to fund ongoing hosting and development costs. - Integrated into the Cryptobridge exchange. Cryptobridge is a popular decentralised exchange where you always hold the private keys to your funds, only YOU have access to them. - Groestlcoin has been added to SimpleSwap – Groestlcoin can now be swapped with over 100 other cryptocurrencies, without signing up! - Groestlcoin has been added to UnoDax, one of the leading cryptocurrency exchanges in India, with TUSD, BTC and INR trading pairs. - Groestlcoin has been added to SwapLab.cc, where you can buy Groestlcoin using Bitcoin and over 50 other altcoins. Purchasing with VISA/Mastercard is coming VERY SOON. Discussed later: - Groestlcoin has been listed on #3 largest exchange in the world on volume, Huobi Global! More on this to come further on in the announcements. - Groestlcoin has been added to the Guarda Multi-Currency Wallet. - Groestlcoin has been added to Melis Multi-Device, Multi-Account, Multi-Platform, Multi-Signature advanced wallet! Already this list is far more than most other cryptocurrencies have achieved in the past 3 months. But this is just the tip of the iceberg of what has been developed.

What's been Happening?

GRSPay Released

We are so excited for this, that it has it's own separate reddit thread. Head over there now at https://www.reddit.com/groestlcoin/comments/9ikr5m/groestlcoin_releases_grspay/? to see more on this!
https://www.melis.io/assets/logo-navbar-4b6f0d372f15b2446d3fa4c68f346e4fb08ee113941186cee58fd6135f3f8b7d.svg

Melis Wallet

The the most advanced wallet for Bitcoin, Bitcoin Cash, Litecoin and now Groestlcoin.
With Melis you have the complete control of your bitcoins and private keys, you can define spending limits policies and make use of two or more factors authentication. Melis is open source, published on GitHub.

How Melis Works?

You can create as many accounts as you want. An account is a part of your wallet that can be customised to your requirements. You can choose how many co-signers are required to spend funds. The accounts are completely independent and act like separate wallets from each other but can be accessed via the same details. A core feature of Melis is the ability to set a ‘primary’ device. With this you can set an account as ‘Secure’ so it is only viewable (and accessible at all) from the Primary device. You can have a savings account hidden from the outside world whilst also having your ‘spending’ funds available on the go. With Melis you can create a multi-signature account between N people, where up to N signatures are required to sign a transaction, choosing if any of those should be mandatory.
Core Features:
https://guarda.co/assets/images/1PGo4ID.svg?1537791124643

Guarda Wallet

Safer than ever! Desktop Light Wallet - Anonymous and fast!
With Guarda Multi-currency Desktop Light Wallet you don’t need to register. Guarda has no access to your private keys or funds. You can receive, send, store, buy and exchange cryptocurrencies in complete anonymity and safety. All these features are available on Linux, Windows or MacOS. Choose the one that suits you!
More info about Guarda wallet on www.guarda.co
https://holytransaction.com/images/logo.png

Integrated into HolyTransaction

What is HolyTransaction?

HolyTransaction gives users access to the crypto world with a universal cryptocurrency wallet and instant exchange.

Features

For more information, visit Holy Transaction here.
https://www.groestlcoin.org/wp-content/uploads/2018/09/next-grs-groestlcoin.jpg

Integrated into NEXT Wallet

What is NEXT?

NEXT is a modern, next-generation stylish open-source Desktop wallet.

Features

For more information, visit NextWallet here.
https://blockchainfinancial.com/mediaserve2018/09/admin-06143647-bcf_logo_vec_256x256.png

Integrated into Blockchain Financial

What is Blockchain Financial?

Blockchain Financial is a set of web based services for individuals and companies that want to make things happen with the Cryptocurrencies Ecosystem. - For those that don't know anything about cryptocurrencies, we offer tools that will let them receive, send and operate with an assortment of coins. - For those that are already riding the wave, we offer tools that will let them do all those things that they weren't able to do.

Blockchain Financials mission

We're not here to reinvent the wheel. We're here to make it run smoother for you, and we provide some of the most useful services you'll find on the internet, made in a way that is easy to understand and use on a daily basis. In short, we're a bunch of people that claim to be Crypto Evangelists. We strongly believe in cryptocurrencies, and our main promise is to push them up so more people get involved and take all the advantages they offer.

More information from Blockchain Financial

Back in 2014, the world was taken by storm when Facebook approved the first cryptocurrencies tipping apps. The first was for Dogecoin, and the second was for multiple coins.
The project was hosted on whitepuma.net, and persisted for almost two years, built up a massive user community and gave a home to Bitcoin, Litecoin, Dogecoin and dozens of other bitcoin-based altcoins.
After very active months, the tipping hype started to fade away. Then, the developers decided to jump into the next stage: bringing not only tipping, but also mining and a widget that could be embedded on websites to allow everyone to accept payments. Sadly, the work was never completed because the project started to require an unsustainable amount of resources. Then, in a painful decision, a shutdown was announced by December 2015.
A couple of months after whitepuma.net was closed, the source code was released by its creator as Open Source on GitHub. But it wasn't maintained.
Now, some of the original members of the dev and admin teams gathered up with a handful of the WhitePuma's elite users, and decided to make something good with the best pieces of the old source code. That, with fresh new ideas and the power of the BardCanvas engine, synthesized the core of Blockchain Financial.
More info about Blockchain Financial wallet on .
For more information, visit [Blockchain Financial](www.blockchainfinancial.com)
https://www.huobi.com/image/logo.aeb4723.svg

Groestlcoin Listed on Huobi

Who are Huobi?

Huobi was founded in China and is now based in Singapore, with offices in Hong Kong, South Korea, Japan and the North America, currently sitting #3 in volume on Coinmarketcap. Huobi is a great leap forward for our growing presence in Asia and we are very excited to be listed here!
You can find the official Huobi announcement here.

Groestlcoin Core v2.16.3 - Please Update ASAP

A new major Groestlcoin Core version 2.16.3 is now available for download which includes both a Denial of Service component and a critical inflation vulnerability, so it is recommended to upgrade to it if you are running a full Groestlcoin node or a local Groestlcoin Core wallet.
v2.16.3 is now the official release version of Groestlcoin Core. This is a new major version release with a very important security updates. It is recommended to upgrade to this version as soon as possible. Please stop running versions of Groestlcoin Core affected by CVE-2018-17144 ASAP: These are 2.13.3 and 2.16.0.
As a result in this, all exchanges and services have been asked to upgrade to this version, so please be patient if wallets go in to maintenance mode on these services.

What's new in version v2.16.3?

This is a major release of Groestlcoin Core fixing a Denial of Service component and a critical inflation vulnerability (https://nvd.nist.gov/vuln/detail/CVE-2018-17144) exploitable by miners that has been discovered in Groestlcoin Core version 2.13.3 and 2.16.0. It is recommended to upgrade to 2.16.3 as soon as possible. If you only occasionally run Groestlcoin Core, then it's not necessary to run out and upgrade it right this second. However, you should upgrade it before you next run it. If you know anyone who is running an older version, tell them to upgrade it ASAP. Stored funds are not at risk, and never were at risk. At this time we believe over half of the Groestlcoin hashrate has upgraded to patched nodes. We are unaware of any attempts to exploit this vulnerability. However, it still remains critical that affected users upgrade and apply the latest patches to ensure no possibility of large reorganizations, mining of invalid blocks, or acceptance of invalid transactions occurs.

The Technicals

In Groestlcoin Core 2.13.3, an optimization was added (Bitcoin Core PR #9049) which avoided a costly check during initial pre-relay block validation that multiple inputs within a single transaction did not spend the same input twice which was added in 2012 (Bitcoin Core PR #443). While the UTXO-updating logic has sufficient knowledge to check that such a condition is not violated in 2.13.3 it only did so in a sanity check assertion and not with full error handling (it did, however, fully handle this case twice in prior to 2.1.0.6). Thus, in Groestlcoin Core 2.13.3, any attempts to double-spend a transaction output within a single transaction inside of a block will result in an assertion failure and a crash, as was originally reported. In Groestlcoin Core 2.16.0, as a part of a larger redesign to simplify unspent transaction output tracking and correct a resource exhaustion attack the assertion was changed subtly. Instead of asserting that the output being marked spent was previously unspent, it only asserts that it exists. Thus, in Groestlcoin Core 2.16.0, any attempts to double-spend a transaction output within a single transaction inside of a block where the output being spent was created in the same block, the same assertion failure will occur. However, if the output being double-spent was created in a previous block, an entry will still remain in the CCoin map with the DIRTY flag set and having been marked as spent, resulting in no such assertion. This could allow a miner to inflate the supply of Groestlcoin as they would be then able to claim the value being spent twice.
Groestlcoin would like to publicly thank Reddit user u/Awemany for finding CVE-2018-17144 and reporting it (https://lists.linuxfoundation.org/pipermail/bitcoin-core-dev/2018-Septembe000064.html). You deserve gratitude and appreciation from cryptoworld, and you have ours. If you want to support him for his work, please consider donating to him on his bitcoin cash address: bitcoincash:qr5yuq3q40u7mxwqz6xvamkfj8tg45wyus7fhqzug5
http://i.imgur.com/3YhyNZK.png

Groestlcoin Electrum-GRS 3.2.2 - Ledger & Trezor Edition

What is Electrum-GRS?
Electrum-GRS is a lightweight "thin client" groestlcoin wallet Windows, MacOS and Linux based on a client-server protocol. Its main advantages over the original Groestlcoin client include support for multi-signature wallets and not requiring the download of the entire block chain.

Changes:

http://i.imgur.com/3YhyNZK.png

Electrum-GRS Mobile Android

What is Electrum-GRS Mobile?

Electrum-grs is a lightweight "thin client" groestlcoin wallet Android based on a client-server protocol. Its main advantages over the original Groestlcoin client include support for multi-signature wallets and not requiring the download of the entire block chain.

Changes

Groestlcoin EasyVanity Released

Groestlcoin EasyVanity is a Windows app is built from the ground-up in C# and makes it easier than ever before to create your very own bespoke Groestlcoin address(es), even whilst not connected to the internet! You can even generate multiple keys with the same prefix and leave it on overnight whilst your CPU or GPU collects and stores these addresses locally.
If you're tired of the random, cryptic addresses generated by regular groestlcoin clients, then Groestlcoin EasyVanity is the right choice for you to create a more personalized address.

Features

• Ability to continue finding keys after first one is found • Includes warning on startup if connected to the internet • Ability to output keys to a text file (And shows button to open that directory) • Ability to make your match case sensitive (Where possible) • Show and hide the private key with a simple toggle switch, and copy the private key straight to your clipboard • Show full output of commands • Includes statistics whilst the application is running • Ability to choose between Processor (CPU) and Graphics Card (GPU) • Automatically detects 32 or 64 bit systems • Features both a Light and Dark Material Design inspired Themes • EasyVanity's search is probabilistic, and the amount of time required to find a given pattern depends on how complex the pattern is, the speed of your computer, and whether you get lucky. • EasyVanity includes components to perform address searching on your CPU (vanitygen) and your OpenCL-compatible GPU (oclvanitygen). Both can be built from source, and both are included in the Windows binary package. • Prefixes are exact strings that must appear at the beginning of the address. When searching for prefixes, Easyvanity will ensure that the prefix is possible, and will provide a difficulty estimate. • The percentage displayed just shows how probable it is that a match would be found in the session so far. If it finds your address with 5% on the display, you are extremely lucky. If it finds your address with 92% on the display, you are unlucky. If you stop EasyVanity with 90% on the display, restart it, and it finds your address with 2% on the display, your first session was unlucky, but your second session was lucky. • EasyVanity uses the OpenSSL random number generator. This is the same RNG used by groestlcoin and a good number of HTTPS servers. It is regarded as well-scrutinized. Guessing the private key of an address found by EasyVanity will be no easier than guessing a private key created by groestlcoin itself. • To speed up address generation, EasyVanity uses the RNG to choose a private key, and literally increments the private key in a loop searching for a match. As long as the starting point is not disclosed, if a match is found, the private key will not be any easier to guess than if every private key tested were taken from the RNG. EasyVanity will also reload the private key from the RNG after 10,000,000 unsuccessful searches (100M for oclvanitygen), or when a match is found and multiple patterns are being searched for. • Free software - MIT. Anyone can audit the code. • Written in C# - The code is short, and easy to review.

Groestlcoin Sentinel (Android & Blackberry) – Mainnet + Testnet

What is Sentinel?

Groestlcoin Sentinel is the easiest and fastest way to track/receive/watch payments in your offline Groestlcoin Wallets. Groestlcoin Sentinel is compatible with any standard Groestlcoin address, BIP44 XPUB (Extended Public Key) BIP49 YPUB and BIP84 ZPUB
Groestlcoin Sentinel is a great solution for anyone who wants the convenience and utility of a hot wallet for receiving payments directly into their cold storage (or hardware wallets). Sentinel accepts XPUB's, YPUB'S, ZPUB's and individual Groestlcoin address. Once added you will be able to view balances, view transactions, and (in the case of XPUB's, YPUB's and ZPUB's) deterministically generate addresses for that particular wallet.

What's New?

The P2SH paperwallet supports creating P2SH paperwallets in bulk, keypair generation with QR codes and sweeping tool. Groestlcoin believes strongly in privacy, the live version does not collect and store IP or transaction data.
Changes
Features
The BECH32 paperwallet supports creating BECH32 paperwallets in bulk, keypair generation with QR codes and sweeping tool. Groestlcoin believes strongly in privacy, the live version does not collect and store IP or transaction data.
Features
![WebWallet](https://i.imgur.com/Z2oj7bj.png)

Groestlcoin Web Wallet Update 1.4

What is Groestlcoin Web Wallet?
Groestlcoin Webwallet is an open source, multisignature, HD Wallet and more! Webwallet is a a open source browser based Groestlcoin webwallet.
Webwallet is a playground for Groestlcoin in javascript to experiment with. It supports multisig, OP_HODL, RBF and many more. Groestlcoin believes strongly in privacy, the live version does not collect and store IP or transaction data.
Changes:
submitted by Yokomoko_Saleen to groestlcoin [link] [comments]

Secure paper wallet tutorial

This is my handout for paranoid people who want a way to store bitcoin safely. It requires a little work, but this is the method I use because it should be resistant to risks associated with:
  1. Bad random number generators
  2. Malicious or flawed software
  3. Hacked computers
If you want a method that is less secure but easier, skip to the bottom of this post.
The Secure Method
  1. Download bitaddress.org. (Try going to the website and pressing "ctrl+s")
  2. Put the bitaddress.org file on a computer with an operating system that has not interacted with the internet much or at all. The computer should not be hooked up to the internet when you do this. You could put the bitaddress file on a USB stick, and then turn off your computer, unplug the internet, and boot it up using a boot-from-CD copy of linux (Ubuntu or Mint for example). This prevents any mal-ware you may have accumulated from running and capturing your keystrokes. I use an old android smart phone that I have done a factory reset on. It has no sim-card and does not have the password to my home wifi. Also the phone wifi is turned off. If you are using a fresh operating system, and do not have a connection to the internet, then your private key will probably not escape the computer.
  3. Roll a die 62 times and write down the sequence of numbers. This gives you 2160 possible outcomes, which is the maximum that Bitcoin supports.
  4. Run bitaddress.org from your offline computer. Input the sequence of numbers from the die rolls into the "Brain Wallet" tab. By providing your own source of randomness, you do not have to worry that the random number generator used by your computer is too weak. I'm looking at you, NSA ಠ_ಠ
  5. Brain Wallet tab creates a private key and address.
  6. Write down the address and private key by hand or print them on a dumb printer. (Dumb printer means not the one at your office with the hard drive. Maybe not the 4 in 1 printer that scans and faxes and makes waffles.) If you hand copy them you may want to hand copy more than one format. (WIF and HEX). If you are crazy and are storing your life savings in Bitcoin, and you hand copy the private key, do a double-check by typing the private key back into the tool on the "Wallet Details" tab and confirm that it recreates the same public address.
  7. Load your paper wallet by sending your bitcoin to the public address. You can do this as many times as you like.
  8. You can view the current balance of your paper wallet by typing the public address into the search box at blockchain.info
  9. If you are using an old cell phone or tablet do a factory reset when you are finished so that the memory of the private keys is destroyed. If you are using a computer with a boot-from-CD copy of linux, I think you can just power down the computer and the private keys will be gone. (Maybe someone can confirm for me that the private keys would not be able to be cached by bitaddress?)
  10. To spend your paper wallet, you will need to either create an offline transaction, or import the private key into a hot wallet. Creating an offline transaction is dangerous if you don't know what you are doing. Importing to a client side wallet like Bitcoin-Qt, Electrum, MultiBit or Armory is a good idea. You can also import to an online wallet such as Blockchain.info or Coinbase.
Trusting bitaddress.org
The only thing you need bitaddress.org to do is to honestly convert the brainwallet passphrase into the corresponding private key and address. You can verify that it is doing this honestly by running several test passphrases through the copy of bitaddress that you plan on using, and several other brainwallet generators. For example, you could use the online version of bitaddress, and brainwallet and safepaperwallet and bitcoinpaperwallet. If you are fancy with the linux command line, you can also try "echo -n my_die_rolls | sha256sum". The linux operating system should reply with the same private key that bitaddress makes. This protects you from a malicious paper wallet generator.
Trusting your copy of bitaddress.org
Bitaddress publishes the sha1 hash of the bitaddress.org website at this location:
https://www.bitaddress.org/pgpsignedmsg.txt
The message is signed by the creator, pointbiz. I found his PGP fingerprint here:
https://github.com/pointbiz/bitaddress.org/issues/18
"527B 5C82 B1F6 B2DB 72A0 ECBF 8749 7B91 6397 4F5A"
With this fingerprint, you can authenticate the signed message, which gives you the hash of the current bitaddress.org file. Then you can hash your copy of the file and authenticate the file.
I do not have a way to authenticate the fingerprint itself, sorry. According to the website I linked to, git has cryptographic traceability that would enable a person to do some research and authenticate the fingerprint. If you want to go that far, knock yourself out. I think that the techniques described in this document do not really rely on bitaddress being un-corrupt. Anyway, how do we know pointbiz is a good guy? ;-)
There are a lot of skilled eyes watching bitaddress.org and the signed sha1 hash. To gain the most benefit from all of those eyes, it's probably worthwhile to check your copy by hashing it and comparing to the published hash.
"But we aren't supposed to use brainwallets"
You are not supposed to use brainwallets that have predictable passphrases. People think they are pretty clever about how they pick their passphrases, but a lot of bitcoins have been stolen because people tend to come up with similar ideas. If you let dice generate the passphrase, then it is totally random, and you just need to make sure to roll enough times.
How to avoid spending your life rolling dice
When I first started doing this, I rolled a die 62 times for each private key. This is not necessary. You can simply roll the die 62 times and keep the sequence of 62 numbers as a "seed". The first paper address you create would use "my die rolls-1" as the passphrase, the second would be "my die rolls-2" and so on. This is safe because SHA256 prevents any computable relationship between the resulting private key family.
Of course this has a certain bad security scenario -- if anyone obtains the seed they can reconstruct all of your paper wallets. So this is not for everyone! On the other hand, it also means that if you happen to lose one of your paper wallets, you could reconstruct it so long as you still had the seed.
One way to reduce this risk is to add an easy to remember password like this: "my die rolls-password-1".
If you prefer, you can use a technique called diceware to convert your die rolls to words that still contain the same quantity of entropy, but which could be easier to work with. I don't use diceware because it's another piece of software that I have to trust, and I'm just copy/pasting my high entropy seed, so I don't care about how ugly it is.
Why not input the dice as a Base 6 private key on the Wallet Details tab?
Two reasons. First of all, this option requires that you roll the die 99 times, but you do not get meaningful additional protection by rolling more than 62 times. Why roll more times if you don't have to? Second, I use the "high entropy seed" method to generate multiple private keys from the same die rolls. Using the Base 6 option would require rolling 99 times for every private key.
I'm a big nerd with exotic dice. How many times to roll?
Put this formula in Excel to get the number of times to roll: "=160*LOG(2,f)" where f = number of faces on the die. For example, you would roll a d16 40 times. By the way, somewhat unbelievably casino dice are more fair than ordinary dice
The "Change address" problem:
You should understand change addresses because some people have accidentally lost money by not understanding it.
Imagine your paper wallet is a 10 dollar bill. You use it to buy a candy bar. To do this you give the cashier the entire 10 dollar bill. They keep 1 dollar and give you 9 dollars back as change.
With Bitcoin, you have to explicitly say that you want 9 dollars back, and you have to provide an address where it should go to. If you just hand over the 10 dollar bill, and don't say you want 9 dollars back, then the miner who processes the transaction gives 1 dollar to the store and keeps the remainder themselves.
Wallet software like Bitcoin-Qt handles this automatically for you. They automatically make "change addresses" and they automatically construct transactions that make the change go to the change address.
There are three ways I know of that the change problem can bite you:
  1. You generate a raw transaction by hand, and screw up. If you are generating a transaction "by hand" with a raw transaction editor, you need to be extra careful that your outputs add up to the same number as your inputs. Otherwise, the very lucky miner who puts your transaction in a block will keep the difference.
  2. You import a paper wallet into a wallet software and spend part of it, and then think that the change is in the paper wallet. The change is not in the paper wallet. It is in a change address that the wallet software generated. That means that if you lose your wallet.dat file you will lose all the change. The paper wallet is empty.
  3. You import a paper wallet into a wallet software and spend part of it, and then think that the change is in the change address that the wallet software generated. If the transaction did not need to consume all of the "outputs" used to fund the paper wallet, then there could be some unspent outputs still located at the address of the paper wallet. If you destroyed the paper wallet, and destroyed the copy of the private key imported to the wallet software, then you could not access this money. (E.g. if you restored the software wallet from its seed, thinking all of the money was moved to the wallet-generated change addresses.)
For more on this, see here
The hot paper wallet problem
Your bitcoin in your paper wallet are secure, so long as the piece of paper is secure, until you go to spend it. When you spend it, you put the private key onto a computer that is connected to the internet. At this point you must regard your paper wallet address as hot because the computer you used may have been compromised. It now provides much less protection against theft of your coins. If you need the level of protection that a cold paper wallet provides, you need to create a new one and send your coins to it.
Destroying your paper wallet address
Do not destroy the only copy of a private key without verifying that there is no money at that address. Your client may have sent change to your paper wallet address without you realizing it. Your client may have not consumed all of the unspent outputs available at the paper wallet address. You can go to blockchain.info and type the public address into the search window to see the current balance. I don't bother destroying my used/empty paper wallet addresses. I just file them away.
Encrypting your private key
BIP 0038 describes a standardized way to encrypt your paper wallet private key. A normal paper wallet is vulnerable because if anyone sees the private key they can take the coins. The BIP38 protocol is even resistant to brute force attacks because it uses a memory intensive encryption algorithm called scrypt. If you want to encrypt your wallets using BIP38, I recommend that you use bitcoinpaperwallet because they will let you type in your own private key and will encrypt it for you. As with bitaddress, for high security you should only use a local copy of this website on a computer that will never get connected to the internet.
Splitting your private key
Another option for protecting the private key is to convert it into multiple fragments that must be brought together. This method allows you to store pieces of your key with separate people in separate locations. It can be set up so that you can reconstitute the private key when you have any 2 out of the 3 fragments. This technique is called Shamir's Secret Sharing. I have not tried this technique, but you may find it valuable. You could try using this website http://passguardian.com/ which will help you split up a key. As before, you should do this on an offline computer. Keep in mind if you use this service that you are trusting it to work properly. It would be good to find other independently created tools that could be used to validate the operation of passguardian. Personally, I would be nervous destroying the only copy of a private key and relying entirely on the fragments generated by the website.
Looks like Bitaddress has an implementation of Shamir's Secret Sharing now under the "Split Wallet" tab. However it would appear that you cannot provide your own key for this, so you would have to trust bitaddress.
Durable Media
Pay attention to the media you use to record your paper wallet. Some kinds of ink fade, some kinds of paper disintegrate. Moisture and heat are your enemies.
In addition to keeping copies of my paper wallet addresses I did the following:
  1. Order a set of numeric metal stamps. ($10)
  2. Buy a square galvanized steel outlet cover from the hardware store ($1)
  3. Buy a sledgehammer from the hardware store
  4. Write the die rolls on the steel plate using a sharpie
  5. Use the hammer to stamp the metal. Do all the 1's, then all the 2's etc. Please use eye protection, as metal stamp may emit sparks or fly unexpectedly across the garage. :-)
  6. Use nail polish remover to erase the sharpie
Electrum
If you trust electrum you might try running it on an offline computer, and having it generate a series of private keys from a seed. I don't have experience with this software, but it sounds like there are some slick possibilities there that could save you time if you are working with a lot of addresses.
Message to the downvoters
I would appreciate it if you would comment, so that I can learn from your opinion. Thanks!
The Easy Method
This method is probably suitable for small quantities of bitcoin. I would not trust it for life-altering sums of money.
  1. Download the bitaddress.org website to your hard drive.
  2. Close your browser
  3. Disconnect from the internet
  4. Open the bitaddress.org website from your hard drive.
  5. Print a paper wallet on your printer
  6. Close your browser
submitted by moral_agent to BitcoinWallet [link] [comments]

need help recovering my wallet.

So i bought some coins thru coinpal in 2011. I have the email which contains the bitcoin address that the coins were sent to, at some point in 2012 or something, i lost interest in bitcoin. reformatted and repurposed the drives, etc. but i did backup my wallet files, and after searching i found a wallet.dat file that is compatible with the old bitcoin qt client
under the recieve tab, it shows 3 addresses, one of which has no label, The second has the address contained in the email from coinbase, and the third has another address that i believe i had sent coins to at some point.
The two "labels" i can search on blockchain.info and they both have a balance. HOWEVER.. when you right click copy address, it copes an entirely different address.
this address has a zero balance. in all 3 spots.
So ive tried importing the wallet into bitcoin core, it does not show anything, so i know this is an older file created by the older bitcoin qt client.
ive run several commands in the debug console, trying to dump the private keys, but for some reason the wallet file i have does not contain the private keys for the two addresses that have coins.
I had someone trying to help me but he says the wallet is encrypted.
so i opened the debug console and tried to unlock the wallet using the passphrase i think i would have used, and it tells me that the wallet is not encrypted
which makes sense because i remember specifically not encrypting the wallet because i always forget passwords.
Whats weird is, how did these addresses get put into the label section of the recieveing tab? i know for a fact that one of them which contains 2btc i could have manually entered myself, because i do have a record of the address on my email from coinpal.
the second one tho, i have no idea where i would have found the address. They both have one transaction right around the same time, and they both have a balance. one of 2btc, one of .4 btc. the transaction dates line up to when i bought the coins.
im having data recovery done on my hard drives at this point to look for more bitcoin wallets, because im pretty sure i had more bitcoins in there as well. at least 6 or 8 more that i can remember.
So is it possible that the wallet file is corrupt? if so is it repairable?
or is it more liekely that ADDRESSES listed in the recieve tab are the actual addresses contained in the wallet file, and the labels are something else? im ripping my hair out trying to figure this out.. I have a wallet file. it has 2 addresses listed which i can verify both have a balance, but i cannot gain access.
i remember in 2011 buying some coins, and like the next day my computer crashed and got stuck in a boot loop so i had to reformat. and i remember backing up my wallet on a flash drive, and trying to restore it and the coins not showing up even after the blockchain loaded.
i have not yet finished loading the blockchain on my bitcoin qt app, so maybe that has somethign to do with it, but i find it odd that these addresses do not have the correct private keys.
any ideas?
submitted by cttigwelder to Bitcoin [link] [comments]

A few thoughts - Thursday, June 5, 2014

Today's thoughts:

Welcome

Welcome! Yesterday, there was quite a discussion in /bitcoinmarkets. As I told Kibubik, after the discussion erupted it became untenable for me to continue posting these thoughts there, because no matter what was said, someone would say it was off-topic and another huge discussion would follow.
But that's fine. People who want to visit /bitcoinmarkets can continue to do so, and those who want to read these posts can come here (or do both). I'll still read all the bitcoin forums.
If you want to post your thoughts, then feel free to create a new topic. Feel free to talk about anything about cryptocurrencies; it doesn't have to do with markets. Make sure your post has some content and isn't just a link with a direction to "discuss." As long as most of your post is about cryptocurrencies, you can also add comments on other stuff, too. Consider this a multi-person blog; we'll see if anyone is interested in posting.

It is unbelievably difficult to retain data (and wallets)

Retaining data for a long time is unbelievably difficult. Over the past four years, I have had two instances where costly catastrophes have ensued. In the first case, I was restoring a large amount of data from a backup when the backup array also failed, so I had to pay $1500 for data recovery (but all the data was restored). In the second case, despite using a RAID-6 with every piece of data backed to six external drives, the array got corrupted and one of the external drives had unrecoverable read errors on it. I was again able to restore all the data because the only corrupted files were one CD I had ripped, which was easily replaceable. But it took almost 2 months each time before the system was back.
If you are trying to come up with a system to store a bitcoin wallet, security is important, but actually retaining the wallet is even more important. People may not know that the average hard drive lasts only a little longer than three years, but we'll round down to 3 for easy math. If you make three copies onto three independent disks made by different manufacturers at the same time, and you don't constantly verify that the disks work, then the odds of losing all your money is as high as 1/8!
To make things worse, there are things called unrecoverable read errors, which can occur when a disk still spins but only the sector where your wallet is stored can't be read. These errors are so common that they occur every 10 terabytes of writes or so, which means that a 2TB disk only needs to be overwritten five times before you are more likely than not to have these errors in them.
Making one backup is not enough. If you are trying to secure a wallet for cold storage, encrypt it with a long password, and then store it on five disks.
By the way, as I said in a post yesterday, evoorhees, the guy recently fined by the SEC, had three backups of his wallet at one point, but he still lost 10,000 bitcoins ($6.5m) because none of the backups were working.

Trading is possible, but not the most profitable

greenearplugs has been very vocal lately about how he believes that it is impossible to beat the averages. I agree with him when he says that daytrading is not a better strategy than buy-and-hold. But that is not the same as saying that you can't make money if you sit in front of your computer all day.
This Sunday was a perfect example of a time when you could have made easy money. Bitcoins are so volatile that a good plan is to buy every time there is a huge crash, and to sell immediately thereafter, because there is almost always a recovery within a few hours. You can make money this way - I tried this on paper.
But when you look at the results, you notice that there are a lot of trades that look like: huge crash at $339, buy, then sell at $450. Huge crash at $630, buy, sell at $660, and so on. It's easy to make money this way, but you can make a lot more money if you didn't sell at all, and you don't get killed by fees that way.

Trading on the bubble cycle is the only more profitable strategy than buy and hold

I propose that trading on the bubble cycle is the only strategy more profitable than simple buy and hold. Bubbles are so predictable and so dramatic that you don't have to sell at the top and buy at the bottom to make money. You don't have to sit in front of a screen all day; just buy and sell at 6 and 2 month intervals.
As I discussed with moral_agent yesterday, people should be looking at what the next bottom is, 7 months out from now, not what the next top is going to be. Everyone knows that if bitcoins rise to $5k this summer it will be a bubble, not a "new paradigm." If you are conservative and sell at $2.5k, and then put all that money back in whenever the news looks to be the absolute worst the next time around, you'll probably still be ahead.
If you look at the charts, you'll notice that you could even have made money by panic selling during the initial bubble crash, and then coming back six months later - so you don't even have to be worried whether this actually is the "new paradigm" or not. The biggest concernto be worried about is not buying in much above the all-time high of the previous cycle.

The 1MB transaction limit is about freedom

There are some users who take the position that not only does nothing need to be done about the 1MB transaction limit, but that even if something could be done, no action should be taken. They are wrong.
This limit is important because it restricts the ability of people to send bitcoins without dependence on others. It is possible that services like Coinbase will provide free transactions. But in jurisdictions like China, where bitcoin services are likely to be permanently banned, people will need to be able to install the bitcoin-qt client directly and sign their own transactions. If fees rise too high, then it will become impossible for people in dictatorships like China to work around their governments' regulations.
Centralization is one solution to this problem, but centralization significantly degrades one of the core promises of bitcoins - to allow anyone to send money to anyone without relying on the government.

Bubbles aren't that complicated

People are now starting to talk about bubbles as if they have five or seven phases. To me, it seems that this is just curve-fitting taken to the extreme. If one looks hard enough, (s)he can find patterns in just about any data.
The three-phase bubble cycle (down, steady, up) is a much more simple and accurate model than trying to separate bubbles into seven phases. Not only that, but the first few bubbles don't fit the seven-phase cycle, making this model have little support.

Other

submitted by quintin3265 to BitcoinThoughts [link] [comments]

Bitcoin client comparison? Ease of use, functionality, security etc..

Hey everyone,
I've recently started using bitcoins, and been trying to figure out the best way to store them.. There are a bunch of desktop clients available, each with it's ups and downs, supporting different features, and using different amount of resources..
I wanted to find a nice overview of them all, but so far I'm not finding anything that I wanted to know.. So I think we should have some kind of wiki page, that describes them in more details. Explains how to start using each of them, and how to ensure it's safe.
For example, to try and secure my wallet files, I'm storing them in a TrueCrypt volume, that's archived to the cloud. This way they are backed up to multiple locations, incase my machine dies, and are also encrypted, in case one of the machines is compromised! I'm not sure if that's overkill or not :)
I thought I'd start with a short write-up of my opinions on some of the clients and my impressions of them. It's by no means a comprehensive review (that would take a lot more space than a single reddit post). All of this is just a subjective view on each of the clients.. I hope more people will add to it, maybe even compoling a nice and informative comparison of all the popular clients!
  1. Bitcoin-QT: The official client. Somewhat basic in functionality, advanced functions (like backing up the private key) available through the "debug" window., but works well for a lot of people.. You can backup the wallet.dat file in the TrueCrypt volume to secure the coins, but the client will store the main working copy of the wallet file in %APPDATA% in Windows - leaving it potentially compromised, unless you encrypt the wallet file (part of the client's functionality). There's no obvious way to change the storage location.
    The downside (upside for some?) of the client is that it stores the whole blockchain.. (almost 15GB atm) Initial synchronisation takes a lot of time.. If you don't use it for some time, you'll have to synchronise again, which takes time (and CPU resources btw)..
    At the end of the day, the wallet is as secure as your machine is. No support for paper wallets / watch-only wallets / offline storage, transactions.. But for basic use - it works perfectly fine.
  2. Bitcoin Armory: A popular powerful client, runs "on top" of Bitcoin-QT, which means the blockchain is also stored on the local drive.. On top of that, the Armory client will also build a local database to manage it, which means it needs more storage on it's own.. (at the moment, that's an extra 16GB on top of the blockchain!). Also, the synchronisation status is not very helpful, just saying the % synchronised.. At least Bitcoin-QT states how many weeks/days you are behind, so you can somewhat estimate how soon the sync will work.
    The Armory client supports multiple wallets, compared to the official client, which can be stored separately. The wallets use (correct me if I'm wrong?) a deterministic key to generate the private keys, which means if you backup your wallet in cold storage - you can restore it at any point, and restore all the new addresses generated after the backup - a very useful feature. The Armory client has more advanced functionality like paper backups (described above), offline wallets and offline transactions, and a lot more.. Some features are missing, like importing watch-only addresses. You can though create a watch-only backup of a wallet, and import that on a different machine, but if you only have an address - not supported atm.
    The client seems rather powerful, but also feels a bit clunky and hard to use.. Some functionality is missing, and just strange (not all private key formats are supported.. even if most other clients have no problems with them)
  3. MultiBit: A lite bitcoin client, that doesn't store the whole blockchain locally. This makes it a lot easier to start using, even on a new machine. It will only synchronise a part of the blockchain that is relevant for a specific address, which means you save on both time and storage when using it, but it can be (potentially, but quite unlikely) compromised, if the only nodes it can see are rogue.
    It also supports multiple wallets, you can select where to store the wallet files, and they can be password protected as well. You can store them on a TrueCrypt volume, to secure it even more. The app is still relatively simple to use, while providing more functionality than just the basics.
    Compared to Armory and Bitcoin-QT, you can also create a portable installation, which can be stored on a USB key / True Crypt volume along with the key files.
  4. Electrum: This is one of the clients I've hardly used so far.. It has a full and a portable version! With the portable version I can store they keys where I want, and keep them secure as I see fit. As MultiBit, it doesn't store the full chain, but instead will use a server to keep and manage the blockchain. But nothing is stopping you from running your own electrum server and connecting to it, if you're worried.
    The client seems rather simple, but powerful at the same time. Same as Armory - it will create a seed that will be used to generate addresses. The nice thing is that it will generate multiple receiving addresses, and will also maintain change addresses, which (if I'm right) means that each transaction will not reuse the same address twice, unless you force it to. My only gripe so far with it is that it's the only client so far where you can't send to multiple addresses in one transaction, forcing only a single recipient per transaction.. I hope that'll change in the future :(
submitted by artiomchi to Bitcoin [link] [comments]

My experience

So I got a few coins in 2013. Used bitcoin-qt then, which I guess was already a mistake then, but it seemed to be the most official and trustworthy client. At some point the PC died, and I stopped running the client.
Fast forward to 2016, and I'm looking to use BTC again after the wallet had been collecting dust for years. There's no way I'm getting this bitcoin-qt thing up and running again without many weeks of downloading the blockchain, especially since my old backup of the chain isn't readable by the new client (feeding it those files just drops an exception or crash without any explanation).
So I looked for alternatives and ended up using Electrum. Of course, the bitcoin-qt wallet is not readable. Most web searches brought up three suggestions:
So after I just gave up once or twice, I put in the effort and figured out how I can dump the wallet to a text file and work with that. Importing the keys to Electrum didn't work immediately, of course, because they are only contained in the first column of that file, and the rest is garbage as far as Electrum is concerned. So I carefully copied the 100 keys from the first column out of the wallet text dump by hand. I'm sure there's an easier way somewhere, but this worked, so I didn't complain.
Got that Electrum working and successfully did a few transaction. This Bitcoin thing was looking pretty nifty again. But now, just a few days later, the network rejects my transactions because the client is too old. I admit it's old, but it is the default on my distribution.
So I went and got the new version. Didn't start up, but dropped an obscure Python error, because I didn't uninstall the old version and this apparently resulted in a broken mix of old and new software components.
So I got it working by uninstalling the old version and reinstalling the new version, and then this thing JUST IGNORES THE OLD WALLET AND OVERWRITES IT with a new one, without any comment, any user confirmation, anything. Back to copying 100 keys from a dump file to restore things.
This worked, and I could send transactions again, but the confirmations appear to take much longer. Maybe it's because the default fee was changed to 0.000187 from 0.0002.
Now I'll admit that I probably made lots of mistakes, and it's partially my own fault for using bitcoin-qt, and so on and so forth. But on the whole, this experience is a complete usability nightmare. Versions are just changed incompatibly and the developers don't care what happens to your old wallet. There is real money involved, but there seems to be a looming "so what, it's just internet play money" attiude from the old days when 40k btc bux bought a pizza or less. I have to deal with arcane console commands, copy keys around, etc.
How is this even possible? How can the average person be expected to put up with this?
submitted by gnu6969 to btc [link] [comments]

A question of WHEN to back up a local wallet, not how or why. Technical questions inside.

Hello bitcoinbeginners!
I am new to coinage and I've got a question that I'm having trouble making sure I understand.
The fundamental question is this: Using the example of a local wallet.dat file for BitcoinQT, WHEN is it necessary to back up the wallet (by "back up" I mean to create a copy in case the original is destroyed)? Only once after creation? After every transaction? Daily?
To understand the answer, I would also like to understand:
  1. How does the data in the wallet.dat file change over time? Does it change over time? What is the nature of the changes?
  2. If all transactions are stored in the blockchain, is the wallet really just a pair that consists of a public address and its corresponding private key? Isn't all the data needed to restore the complete balance of a wallet encoded into the block chain?
  3. My understanding is that wallet software handles the "absorbing" of the funds returned to the wallet via change addresses. This is something a paper wallet does not do, which is why its convention to never pay only PART of the funds out of a paper wallet - you should always move all funds out of the paper wallet to a digital wallet, then pay whatever you need to, then move all remaining funds again to a NEW paper wallet. Is this chain of change addresses stored in the wallet.dat???
Right now I've got my local wallet.dat files (one for btc and one for ltc) backed up on a sandisk memory vault (they claim 100 years of data retention for this device) in a safety deposit box.
I'm trying to sort out how often I need to retrieve it and replace the copy on the drive with the current version of my wallet.dat that exists on my local laptop (which is also encrypted, both the disk of the laptop and the file itself through bitcoinQT).
Many thanks!
EDIT/UPDATE with the answers for quick reading:
  1. The wallet.dat file stores every address and key used by the wallet. That includes every new address that is used to receive change in every send transaction, and the corresponding key. This file changes as new keys are generated. For bitcoinQT, address-key pairs are made in blocks of 100, on an as needed basis. You can also manually create new addresses via the bQT client and that would then, require a backup of the wallet.dat file or funds received by that new address would be gone.
  2. Quoting Lixen
    About point 2: the blockchain stores only the public parts of the data. The private key, necessary to access the address, is not stored in the blockchain, otherwise everyone could access those funds. So the back-up of the wallet.dat file is a backup of the private keys to access your bitcoins, not a backup of the bitcoins themselves. Bitcoins don't really exist in and on themselves, they exist because they are the denomination of the units of account in the blockchain.
  3. The bQT client will use and supply a new address-key pair for every send transaction, as the change address and its key must be owned by the wallet. bQT makes 100 address-key pairs at a time and then generates another 100 pairs. 49 sends would use up the 100 address-key pairs, so you should be backing up any/all versions of your wallet.dat file at LEAST every 49 sends.
submitted by gunslinger_006 to BitcoinBeginners [link] [comments]

Electrum 2.0 has been tagged | Thomas Voegtlin | Mar 01 2015

Thomas Voegtlin on Mar 01 2015:
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
Dear Bitcoin devs,
I just tagged version 2.0 of Electrum:
https://github.com/spesmilo/electrum/tree/2.0
The electrum.org website will be updated later today. The release
notes are a bit dense, due to the large amount of changes and new
features in this release. In the coming weeks we will be adding more
detailed documentation to the wiki and to the website.
There has been a very long hiatus in Electrum releases, because it
took me a lot of time to decide about the new seed derivation method
and wallet structure. Now that this part is done, I hope that we will
resume to a faster release pace.
I would like to thank all the people who contributed to this release,
developers, beta testers, but also people from this list who provided
useful feedback.
Cheers,
Thomas
RELEASE-NOTES

Release 2.0

paper.
phrase includes a version number, that refers to the wallet
structure. The version number also serves as a checksum, and it
will prevent the import of seeds from incompatible wallets. Old
Electrum seeds are still supported.
and use a gap limit of 20.
P2SH addresses ("2 of 2", "2 of 3").
transactions, that includes the BIP32 master public key and
derivation needed to sign inputs. Serialized transactions can be
sent to cosigners or to cold storage using QR codes (using Andreas
Schildbach's base 43 idea).
"2 of 3" multisig wallets and Google Authenticator. Note that
wallets protected by this service can be deterministically restored
from seed, without Trustedcoin's server.
wallets, to send and receive partially signed transactions.
window that pops up if you click on the QR code
outputs, and raw hexadecimal scripts.
start the daemon if it is not already running, and the GUI will
connect to it. The daemon can serve several clients. It times out
if no client uses if for more than 5 minutes.
keys. A watching-only wallet is created by entering a list of
addresses in the wizard dialog.
wallet files cannot be read by older versions of Electrum. Old
wallet files will be converted to the new format; this operation
may take some time, because public keys will be derived for each
address of your wallet.
the command line:
encrypt
decrypt
stable. Another script was added to Android, called Authenticator,
that works completely offline: it reads an unsigned transaction
shown as QR code, signs it and shows the result as a QR code.
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Version: GnuPG v1
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LM+2MgKJOWv+JpHQCDp3XwAXX62LLsS2BjdK1Jt6OpGA6IuVQGBSaTIn5K81S+Yh
M6RDKbP3kObYQ+bzLvtWrzgUD3sdht/V8L5ZPS3+Jibvmhae2zRrm/YpJZ77Yjd4
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NMrYqnSy0+tCEOXHrpCYhqogyzzdjOlv0gWKqB2uSkO5TkEHv2eyHeiZttAn11qO
sb85q/k0kYQBZZEvKJ9022eyKHjejDhQjKsCVIHhb81BJ1QYnZFIxBiKkVMxf0u5
sT2TTi18eOrYCUGD2WJ+ALyI1zN1sHO0/sn5+XzlC0jg+1KUXoo0j8NYnzmHb0Yx
5lbdlcaw0Uo7iWkFdMYT
=IGGP
-----END PGP SIGNATURE-----
original: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-March/007620.html
submitted by bitcoin-devlist-bot to bitcoin_devlist [link] [comments]

A proposal of a wallet to the clever developer shibes out there which concerns all and future shibes (Would be extremely beneficial with the Talladega race coming closer and closer)

I recently watched this talk by Andreas Antonopoulos (which I recommend every shibe to watch). In this video he explained how private keys, public keys, adresses, cryptography and wallets work.
In the video, I realized how far wallets have come already, how little the QT-wallet actually matters for us common folks, and how important it is to have user friendly wallets with good features. I got especially intrigued when Alexander explained type 2 deterministic wallets based off of trees. And my question is: "Can you deveolper shibes develop a type 2 deterministic wallet (like electrum) with BIP39?"
For all who don't know what I'm talking about, I will try my best to explain how type 2 deterministic wallets work by basically paraphrasing Andreas from the video. Please correct me if anything is wrong.
Let me begin by saying that our, and every virtual currency QT client is more focused on implementing the stability into the core coin protocol rather than implementing user-based fancy wallet features. Recently the bitcoin QT client has been removed from the bitcoin.org site as the recommended wallet for new users. This is because it isn't a good interface for the common man, or really anyone. It has also been discussed by bitcoin developers to strip all the wallet functionality out of the QT-client just for this reason.
Explaining type 2 deterministic wallets: When creating a private adress, a random number is drawn, in this process you will also generate a 128-bits random seed (for example 521566b6ebfe0ab8ff7b8110b92c57d4). A seed is generally speaking a starting point for the random number generation. This seed will therefore be the generator of all future adresses in your wallet.
From this seed, you can use mathematical functions to generate keys in such a way that you can't predict those keys without having the seed.
Just to clarify: If you have one private key, you can't figure out the other, and if you have the other, you can't figure out the first. This means that as long as your seed and mathematical function is not compromised, your keys won't be compromised. This is because you generate (or regenerate) all your private keys from that seed.
These mathematical functions can for example be the following: "You generate the first key, then you jump over 5 keys, then generate another key etc.". What this leaves us with is that you need two types of information to "infiltrate a wallet": The seed and the gap. This means that the seed and gap still needs to be encrypted, the good thing is that there's no need for a backup if you lose your wallet because you know your seed, and the gap.
Now you might be wondering: "How am I going to remember my seed? Won't this be hard? Won't it be a pain to remember?" Well there is also a new really interesting implemented technology called BIP 39. What this technology does is that it creates 12 random words (called a 12-word mnemonic code). These words are deterministically derived, in this way you can convert those 12 words back to the seed.
Let me give you of an example of why this is beneficial: The first thing is that 12 random words are much easier to remember and hear than a combination of 12 random letters and numbers. This means that if you lose your wallet and you're away from where your seed is written down/stored etc., you can for example call someone you trust to help you to restore your wallet. This can be done by the person telling you the 12 words over the phone, which will again give you your seed. No need to wonder if the person said "b" or "d".
The mnemonic code for the seed I wrote down (521566b6ebfe0ab8ff7b8110b92c57d4) is "pain apologize tired bar change think off outside clear fear hot stir". You can see how this could be handy.
This is technology is at the moment restricted to the English language. More importantly, it is restricted to a specific dictionary. The reason for this is because based on those specifications, every single wallet in the world with these features can take 12 words with the gap and deterministically recreate the same seed. From this point it can then recreate the same keys.
There's of course a checksum built in, so one of the words is a checksum for the other words. This entails that not every combination you throw at it will be correct. This means that if you remember those 12 words in that specific order, you will never have to take a backup of your wallet ever again. How great is that?
So a TL:DR:
I want our smart and clever developer shibes to create a type 2 deterministic wallet with BIP39 (like electrum or armory) with a great design. This would make it much easier for both newcomers and old shibes to use their wallets. The problem with backing up you wallet would also be a thing in the past. And if you know your seed or mnemonic code, you can import your wallet with extreme ease to any other device with a wallet just by typing in some words instead of moving a backup file to your device. If this wallet is being based on a litewallet, there will also be no need for synchronisation.
Disclaimer: Like I said, I'm not a pro at this, please correct me if anything is wrong here. And please shibes discuss, is this something the community is also interested in? I would be so happy if we got a wallet like this.
submitted by ChaotropicVindicator to dogecoin [link] [comments]

PSA: Added Step May Be Needed When Restoring a Backup Encrypted wallet.dat to Bitcoin Core

TL;DR: To successfully restore an encrypted wallet.dat file, the instance of Bitcoin Core getting restored to needs to first have Encryption turned on and possibly the same Passphrase set as the wallet.dat file you are restoring. It seems this must be done before you restore your encrypted wallet.dat from backup, or Bitcoin Core will just show a zero balance.
For the record, the set-up for this situation was as follows: Bitcoin Core (formerly Bitcoin-Qt) 0.9.2.1, Windows x86 version, on Windows XP Pro patched for 2019 PoS updates.
Recently, my Bitcoin Core hot wallet had been acting up and crashing after about 6 to 12 hours of uptime. I thought that there was possibly some corruption in Core's database files, so I backed up my wallet.dat and started deleting block chain data/index files to see if a rescan or reindex would correct the problem. I tried to save time by not deleting everything, only certain file types. I managed to somehow screw up and got the dreaded "wallet.dat corrupt, salvage failed" message.
Since I had a backup, I didn't bother trying the "-salvagewallet" command-line option (which might have actually corrected my problem.) Instead, I went straight for a restore from backup.
Some time ago, and on a much older version of Bitcoin-Qt I had familiarized myself with the wallet.dat backup and restore process. I never had a problem with it. But thinking back, I may have done all of my testing with unencrypted wallet.dat files.
In this case, I uninstalled Core, deleted everything in the Bitcoin data directory, reinstalled Core, used bootstrap.dat to catch up as much of the block chain as possible, and let the new install finish syncing from the Internet. Once Core was up-to-date, I closed it and restored my encrypted wallet.dat from backup.
In my previous experience, I'd be done at this point. The next time I started the wallet, it would have automatically rescanned, and I'd be back in business. This time, when the wallet finally started up again, it showed no errors, the block chain was still fully synced up, but the wallet showed a zero balance. Not a good feeling.
I thought maybe I'd need to manually start Core using the "-rescan" command-line option. I tried this, but got the same result.
After mulling things over, I finally guessed that the problem might have something to do with Core's wallet.dat encryption.
I again deleted the wallet.dat file from the Bitcoin data directory and restarted Core. Once it finished generating a new wallet.dat file, I enabled Encryption and set the same Passphrase as the wallet.dat file I was trying to restore. Core shut itself down to complete encrypting the new wallet.dat file. Next, I started Core once again to make sure all was OK with new encrypted but empty wallet.dat. I then closed Core and replaced the zero-balance wallet.dat file with my recent backup. That finally did the trick. On the next start, Core automatically did a rescan and my balance reappeared.
I don't know for sure if this behavior is the same across all the different flavors of Bitcoin Core 0.9.2.1 (x64, OSX, Linux), but I suspect it might be. Also, it might work just to enable Encryption, but it might not be necessary to have the same Passphrase. I can only confirm that it worked in my case with the same Passphrase.
This little adventure was unnerving, particularly since Core issues no errors and just insists there's a zero balance. I thought I should relate what I learned in case someone else encounters the same situation.
Cheers, and to the moon!
EDIT: At least a couple posts so far report not seeing the same behavior I did. I'm glad if it's a non-issue, and I can't explain why it happened to me. I can just suggest if you have similar issues, it might be worth it to give this method a try.
submitted by chinawat to Bitcoin [link] [comments]

Bitcoin Wallet Recovery Bitcoin: Client-QT Wallet Update Version 0.11.0 Restore the Bitcoin Wallet- Bitcoin Hands On Course Lesson 3 Bitcoin-QT Wallet Update Helping to restore Bitcoin Wallet, wallet.dat recovery

Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. All you need to do is download wallet to new PC and restore wallet seed which will move all your wallet address and its funds. But how about core qt wallet client. Well, you can install wallet in your new machine and just transfer coins to it. Or you can just copy the wallet backup files and put it in the appropriate folder. But this is not the right solution. Bitcoin blockchain file size is ... Sometimes bad things can happen to a bitcoin wallet, but it doesn’t mean the worst-case scenario is inevitable. Have you ever had to restore your wallet using a seed phrase? Let us know in the ... Download the Bitcoin Wallet by Bitcoin.com. A simple, secure way to send and receive Bitcoin. Available for iOS, Android, Mac, Windows, and Linux. Supports Bitcoin Cash (BCH) and Bitcoin (BTC). This post discusses the methods for recovering a deleted or corrupt Bitcoin Core Wallet. Many other currencies, such as Bitcoin Cash, Litecoin, Dogecoins and more share Bitcoin Core’s wallet format and can be recovered using the same techniques and tools. I assume that you have the wallet password, or there is no password. (I’ll post later on what to do if you forget your password.) This ...

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Bitcoin Wallet Recovery

Learn how to Brute Force Bitcoin Core Wallets, Tutorial on how to hack a wallet, generate the private key. bitcoin paper wallet, bitcoin preev, bitcoin program, p vs np bitcoin, bitcoin miner .p bitcoin p bitcoin price bitcoin p=np forum.bitcoin. pl bitcoin qt bitcoin qr code bitcoin qt synchronizing ... Make some extra $$ lending: Signup for DavorCoin: https://goo.gl/ppsrur OR Signup for Bitconnect: https://goo.gl/xvvhGk This is a short video on setting up, ... Helping to restore Bitcoin Wallet Available at least four methods of recovery of Bitcoin wallet.dat. There is an opportunity to recover both old of 2010, and new wallet of 2015-17. This is a quick rundown of how to restore your Potcoin wallet. This process can be applied to bitcoin, litecoin, dogecoin, etc.... You can see more on my web...

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