Bitcoin Mining and Security, Part 2

Let’s summarize about crypto security and if you need, see the first part.

Bitcoin security is important. Your bitcoin or any other cryptocurrency has a unique address or identification or private key. Therefore, you need to understand how important it is to be safe. If you lose it, it’s hard to recover, so you need to secure it as best you can.

I must make this clear, because safety must be paramount and should not be taken lightly.

There are countless stories of individuals who lost access to their computers (either through negligence or misconduct) and were ultimately unable to recover their bitcoin or other cryptocurrency. This must be equal to leaving your wallet vulnerable either due to pocket money or carelessness when you are out.

Fortunately, there is a way to be doubly protected by your property. A secure hardware wallet will ensure that if you accidentally lose access to your computer or tablet, etc., (in any way) you have the opportunity to recover your bitcoin, ethereum, litecoin, etc.

A hardware wallet allows you to recover your cryptocurrency on any other computer, because it is basically a USB connection that you use to secure your transactions.

Second level of security.

The vault is an original hardware wallet and is easy to set up for your bitcoin security. Other products are available, but by the end of this article, I decided to deal primarily with the Trezor hardware wallet.

The main principle for Trezors bitcoin security is zero trust.

Using the Vault screen, you can independently check and physically confirm each transaction directly on your device.

It also requires a pin from you every time you log in. This ensures that you are present at all times.

As a single-purpose device, there are no other functions on the wallet.

Simplicity is extra security.

The Treasury is no exception to the risk of malware or viruses, period. However, the fewer devices the Vault communicates with, ie no Bluetooth, wifi or Qr code scanning, so the simpler the communication protocol, the more secure your bitcoin security.

Also, the Vault does not have a battery. When it is turned off, it is turned off and your coins are safe from any cyber attack.

I hope I have emphasized the importance of bitcoin security. The main issues are zero trust and concrete security. Also make sure that your backup process is equally secure, ie. if necessary, make sure your details are available to someone you explicitly trust.