29 Nov '15, 10am

Cold Storage – The Safest Way To Vault Your Bitcoin!! - https://t.co/sPrnUFHfLq

Even the most robust and advanced platforms suffer from hacking attacks. DDoS attacks targeted at Kraken disabled bitcoin withdrawals and froze user accounts for days. More than 18,000 bitcoins were stolen from European bitcoin exchange Bitstamp earlier this year. Still, many bitcoin users rely on hot (online) wallets. Today, many bitcoin wallet platforms provide additional security measures and enhanced security protocols to protect user funds. Bitcoin wallet users could also implement the multi-signature technology, which distributes unique private keys (signatures) to more than two individuals. However, the best practice of keeping bitcoins is in a cold storage. Also known as Deep cold storage, many institutional clients and high profile bitcoin investors store a reserve of bitcoins offline, eliminating the potential of theft or a robbery. There are several methods of k...

Full article: http://thebitcoinpro.com/cold-storage-the-safest-way-to-v...

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