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Parity does not appear to be an online service. It's local.
by nebulous1 9y ago
Parity does not appear to be an online service. It's local.
- mpeg 9y agoIt runs on a distributed cloud VM actually (Ethereum). So the rule applies: don't trust online services with your money, especially if you didn't write the code.
- 5chdn 9y agoParity does not run on the EVM, it's a local node processing a local copy of the blockchain. You can create normal accounts which are just private/public keypairs you have full control of without anything "being in the cloud" or "distributed". What you are referring to might be the vulnerable multi-signature wallet itself, which - once deployed - runs on the EVM. And that only affects a fraction of Parity users. Note, I work for Parity.