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Showing content with the highest reputation on 01/24/2019 in all areas

  1. 1 point
    The development team of the Trezor Wallet announced that the beta firmware of the device will now be offering native support for Ethereum Classic, Ethereum and ERC20 tokens. On the Trezor blog, an announcement was made that, third party integrations like MetaMask, MyCrypto, and MyEtherWallet will continue to work parallel to the new functionality. Operational details of the Trezor Beta The company revealed that it has added Coinswitch (an instant crypto exchange platform) as a new wallet exchange partner, along with Changelly and Shapeshift. The announcement says that, accessing the new functionality requires users selecting either Ethereum Classic or Ethereum in the currency selector. Then the option "Go to Trezor Ethereum Wallet" is selected. After successfully following these steps, the user may start making use of the new beta interface. Users of the aforementioned third party Trezor integrations will immediately be able to view their balance. The summary view gives them an overview of their account balance and assists them in selecting the tokens of their choice. The tab also permits users to see the current exchange rate and the total balance. The tab can also be used to make deposit of a selected crypto token to their wallet, and for each token selected, balances as well as transactions can be monitored. Talking about the receive and send functions, a section from the announcement says:
  2. 1 point
    What is it Imagine cryptocurrency wallet as your bank account. You can have a look at it, deposit, withdraw or close it at any time you want, as long as you have internet connection and know your keys (public address and private key, more info bellow) or trust 3rd parties for that. Each cryptocurrency needs different wallet, ie: Bitcoin -> https://blockchain.info/sl/wallet/, Ethereum -> https://www.myetherwallet.com/, Litecoin -> https://www.litevault.net/, ... How wallets works Every cryptocurrency wallet is defined by public address and private key. You can look at public address, but cannot interact with wallet if you don't know the private key. Private key is meant to be kept for wallet owner! Here is an example of a bitcoin public address: 19JvHSdPy3XN6iAgr7VFmpyqonrmLP3Vk2 and its private key: 5JYS5LAMv6Sn8uP7GjEzZvcERVwYdNXYNpc2925ZWqJAthDKYWm Types of wallets Wallets are either connected to an internet or not. cold (not connected to internet): paper wallets Wallet generator hardware wallets: Ledger Nano S Trezor KeepKey hot (connected to internet): desktop Jaxx Electrum mobile Jaxx breadwallet AirBitz exchanges