Bitcoins have long been recognized as the digital currency of the Internet by many Internet users and site operators. The trade with bitcoins is determined by a complex security. This can be compared with the online banking. However, bitcoins are stored in the Bitcoin wallet on their own computer. Thus, this computer becomes part of the security-relevant requirements and the Bitcoin Geldbörse must be actively integrated into the backup.
The Bitcoin Wallet must be protected against unauthorized access
Bitcoins are de facto money. In contrast to the traditional currencies, one can – as long as they are not exchanged – but not easy to bring to the bank and thus transfer the security responsibility to them. Rather, the bitcoins remain in the bitcoin wallet (Bitcoin wallet) on their own computer. As with all common currencies, there are always people who try to acquire this foreign property. So you have to protect your Bitcoin Wallet. Therefore, the structure of bitcoin transactions is so complex. Each user has two keys – one private and one public. Simply put, the public key is something like a money statement with the address data that is given to the recipient. The private key, however, is like a signature, With which the transmission of the bitcoins is confirmed. Because each private key can be used only once for each transaction, the Bitcoin Wallet is equipped with 100 keys.
The security risks
If an unauthorized person gets all the data, including the keys contained in the Bitcoin wallet file, he can steal all the money. So the Bitcoin-Wallets must also be encrypted accordingly. It should not be underestimated that with increasing computing power of the computers, multi-digit encryption can be computed relatively quickly. Wallet encryption between 12 and 15 digits is therefore considered critical. It is, therefore, necessary to secure the wallet very costly. 15 to 20 places should have these passwords. But the digital thieves, who want to own their own Bitcoin wallet, of course also deal extensively with password protection. Even the use of single letters, Derived from known phrases such as words or the like, represents a considerable risk. Data from one’s personal environment, anyway. The security to be considered goes so far that a computer that was once compromised by viruses or Trojans can not be considered safe again until the entire operating system has been re-played.
Do not forget your passwords!
To clean a hard drive only by Trojans is absolutely unsatisfactory. Therefore, it is also advisable to store the Bitcoin Wallet outside of the PC, is on special flash or memory card memories. These high-security systems, however, as well as the password encryption of the bitcoin wallet itself, has a considerable disadvantage: the password, the encryption, is forgotten, there is no more access. In the case of many very secure memories, the data contained is automatically deleted, even if several incorrect entries are made. Therefore, very complex encryption and passwords should also be extrapolated and back-ups made, but in no case on one or the computer with Internet access. The encryption can be written on paper, Or how to safely back up on an external storage. These media are then best placed in a bank safe or at least a modern, fire- and gas-proof vault. There are numerous programs of well-known vendors, through which good Bitcoin wallet software can be obtained for storage. In addition, you should always keep up with the password and encryption advice. Then nobody gets unauthorized to own their own Bitcoin fortune. In addition, you should always keep up with the password and encryption advice. Then nobody gets unauthorized to own their own Bitcoin fortune. In addition, you should always keep up with the password and encryption advice. Then nobody gets unauthorized to own their own Bitcoin fortune.