Bitcoin Mining and Security, Part 2

Let’s take a brief look at crypto security and if you need to, see Part 1.

The security of Bitcoin is important. Your Bitcoin or any other cryptocurrency has a unique address or identification or personal key. Therefore, you need to realize the importance of keeping it safe. If you lose it, it’s hard to recover, so you need to make it as safe as possible.

I definitely want to emphasize this, because safety is paramount and should not be taken lightly.

There are countless stories of people who have lost access to their computers (either due to negligence or misconduct) and have finally been unable to recover their bitcoin or other cryptocurrency. This should be equivalent to keeping your wallet unprotected by pickpocketing or inadvertently when going out.

Luckily there is a way to make your assets twice as defensive. A secure hardware wallet will ensure that if you unfortunately lose access to your computer or tablet, you have the ability to recover (in any way) your Bitcoin, Etherium, Lightcoin, etc.

A hardware wallet lets you recover your cryptocurrency from any other computer, as it is basically a USB connection that you use to secure your transactions.

The second level of security.

Trezor is the original hardware wallet and is easily set up for your bitcoin security. Other products are available, but for the remainder of this article I decided to deal with the Treasure Hardware Wallet primarily.

Trezors is one of the mainstays of bitcoin security.

Using the Trezor screen, you can independently verify and physically verify every transaction directly on your device.

It requires a PIN from you each time you log in This ensures that you are always present

As a single purpose device, the wallet has no other function.

Easy addition equals security.

Period is no exception to the risk of treasure malware or virus. However, the less Trezor communicates with the device, i.e. no Bluetooth, WiFi or Qr code scanning, so the simpler the communication protocol, the more secure your Bitcoin security.

Also, the Trezor has no battery. When unplugged, it stays off and your coins are protected from any cyber attacks.

I hope I emphasize the importance of bitcoin security. The main problem is zero trust and concrete safety. Also, make sure that your backup process is as secure as possible, such as ensuring that your details are accessible to someone you trust.