Bitcoin Mining and Security, Part 2

Let’s recap the cryptographic security and, if you need it, see part 1.

Bitcoin security is important. Your bitcoin or any other cryptocurrency has a unique address or ID or private key. Therefore, you need to realize the importance of keeping it safe. If you lose it, it is difficult to recover, hence the need to insure it as best as possible.

I must emphasize this clearly, because safety must be paramount and not taken lightly.

There are countless stories of individuals who have lost access to their computers (either through negligence or misconduct) and have finally been unable to recover their bitcoin or other cryptocurrency. This should be the equivalent of leaving your wallet vulnerable, either by a pickpocket or by negligence when it is out.

Fortunately, there is a way to double protect your assets. A secure hardware wallet will ensure that if you are unlucky enough to lose access to your computer or tablet, etc., (in any way) you have a chance to recover your bitcoin, ethereum, litecoin, etc.

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

A second level of security.

Trezor is the original hardware portfolio and is easily configured for your bitcoin security. There are other products available, but for the rest of this article I decided to focus on the Trezor hardware portfolio.

The main key to Trezors ’bitcoin security is zero trust.

With the Treasury screen, you can physically verify and confirm each transaction directly on your device.

It also requires a pin every time you log in. In this way, it guarantees that you are the one who is present at all times.

As a single-purpose device, there are no other features in the portfolio.

Simple equals more security.

Trezor is no exception to the risk of malware or viruses, period. However, the fewer devices Trezor communicates, the more Bluetooth, wifi, or Qr code scanning is available, so the simpler the communication protocol, the more secure your bitcoin security will be.

Plus, Trezor has no battery. When offline, it’s off and your coins are safe from 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, that is, if necessary, make sure that your data is accessible to someone you explicitly trust.