4 ms·
There is no such thing as a hardware wallet, it's just another computer with your private keys that you are calling a "hardware wallet". Instead of a hardware w
by welder 9y ago
There is no such thing as a hardware wallet, it's just another computer with your private keys that you are calling a "hardware wallet". Instead of a hardware wallet, backup and encrypt your private keys to multiple places.
- glitch003 9y ago>There is no such thing as a hardware wallet Their absolutely is. A hardware wallet can take unsigned transactions and sign them internally, and output a signed transaction. Your private key never leaves the hardware wallet. Compare this to signing a transaction with a private key on a computer. Your computer can have spyware that can snoop on the key and steal your coins. The hardware wallet has a burned ROM with a firmware that is signed and verified every time you use it.
- dragonwriter 9y ago> Your computer can have spyware that can snoop on the key and steal your coins. So could a hardware wallet. [0] [0] https://en.bitcoin.it/wiki/Hardware_wallet https://en.bitcoin.it/wiki/Hardware_wallet - see under "Security Risks", both the "compromised production process" and "compromised shipping process" items are places where this could occur.
- computerex 9y agoYes but the attack surface is much smaller.