Tag Archives: tokens

Top 3 Crypto Hardware Wallets under $100 NeoCash Reviews

Pedro Picks the Top cryptocurrency hardware wallet under $100 in this special episode of NeoCash Radio. We take a look at the Trezor One, Ledger Nano S, and the KeepKey. In the video version we show how to initialize the wallets, send, and receive transactions. Finally Pedro shares his review of the wallets, likes/dislikes, and his top pick!

Please note the audio version of the show does not contain the wallet initialization and testing due to the need for a visual element.

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Music: “Hustle” by Kevin MacLeod

NeoCash Reviews Cryptocurrency Hardware Wallets

Let’s start by discussing how crypto wallets work and why they should be used.  The private keys to any cryptocurrency are used to both generate the wallet addresses as well as authorizing the transfer of coins.  Anyone with the private keys can spend from that wallet and this is why it is critical to keep these private keys off line and secure for any wallet with significant funds.  While mobile devices are great for convenience, think of them as your physical traditional wallet that contains cash, it should only have amounts you can live with losing.

Securing your private keys can be done with using a hardware wallet that keeps your private keys offline in a secure area of the device. These private keys can never leave the device so in order to spend funds, an unsigned transaction is sent to the device where you have to physically press a button that will allow the device to sign the transaction with the private key.  The signed transaction can then be broadcast without fear the private keys were ever exposed.

Hardware wallets are backed up with a 12 or 24 word passphrase which is the “backup” of the wallet.  Multiple copies of these should be secured in multiple locations. The passphrase should never be photographed, typed into any digital document, or photocopied.  Additionally, with these Hardware wallets you compare the address funds are being sent to with the address that will be displayed on the device. This protects you in case someone compromised the java code or app that is used for wallet functions on your computer

When purchasing any of these hardware wallets, it’s recommended to do so from either the manufacturer or a reputable vendor like Amazon.  Someone who purchased a Nano Ledger S from ebay lost funds because the scammer generated a key and then made the backup card look like a “scratch off” to reveal a unique private key.  All of these hardware wallets should be initialized and a new seed generated.

Be sure to store multiple copies of your seed phrase in multiple locations!

Any one of these wallets will secure the private keys to the coins they support and are much more secure than keeping private keys on computers & mobile devices.  If the hardware wallet is lost or destroyed, they can be restored using the backup passphrase.

If you are looking for a specific review please contact pedro@neocashmedia.com

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BarterDEX Interview with Diesmaster, CA333, and PTYtrader

JJ Interviews some of the team behind BarterDEX. BarterDEX is a standalone peer-to-peer atomic swap protocol that supports more than 250 assets. Diesmaster and CA333 are later joined by PTYtrader.

We discuss how the platform came to be and how it operates. BarterDEX has no token or coin rather they charge 1/777th fee on each trade. The platform is part of SUPERNET.

To learn more visit: https://supernet.org/en/technology/whitepapers/barterdex-a-practical-native-dex

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or Direct Download this episode as an MP3 – BarterDEX interview with Diesmaster, CA333, and PTYtrader

Tips appreciated!
BTC Address: 1MmFwDeZPgxJ4GyzbfmZVLJv3aZcpxSfR5
ETH Address: 0xe4689EF88F239C6eed1Ff262876e2499495c1617
DASH Address: XtLEPo6DKeu45e2czdHLEb5EzJRVDz2aLZ
NXT Address: NXT-TT49-WV65-HZJA-5EJF9
BCH Address: 173ADKUvvRcSmb9tnKiYAMQAoB6RhsgQQd

Storing Ethereum-based tokens (Golem, REP, etc.) on a hardware wallet

If you’ve been loyally listening to the Neocash Radio podcast over the past four years, you’ve undoubtedly heard us talking about using hardware wallets for cryptocurrency security. Near the end of Wednesday’s podcast, Randy made mention of some tools that Pedro showed him which allow users to hold Ethereum-based tokens—like Golem Network Tokens (GNT), Augur (REP) tokens, SingularDTV (SNGLS) tokens, etc.—on a hardware wallet. Randy said he’d make a post about it for the blog later in the week and well, here we are!

Comparing Bitcoin hardware wallets: KeepKey, Ledger Nano S, Trezor. Generating offline wallets for DASH, Ethereum, Bitcoin, Zcash, and more. Secure cold storage with plausible deniability.
KeepKey hardware wallet for BTC, ETH, DASH, and other cryptocurrencies

Trezor, KeepKey, and Ledger are the most popular brands of hardware wallets currently.

Tokens built to utilize the Ethereum blockchain conform to a “token standard” called ERC20; this standard ensures that wallet apps, exchanges, etc. can accept and interact with any ERC20 token, all without having to code unique integrations for each new token system.

Some of these tokens can be purchased using ShapeShift.io or OpenLedger; others can be found at decentralized exchanges like cryptoderivatives.market. When you purchase these tokens, a smart contract grants ownership of them to your Ethereum address. But as of the writing of this post, the wallet apps provided by the hardware wallet manufacturers don’t display token balances as part of your ETH holdings. Continue reading Storing Ethereum-based tokens (Golem, REP, etc.) on a hardware wallet

Episode 174 – The Federal Reserve has no exit, Ethereum Devcon 2 & more!

Bayer buys Monsanto with largest all cash deal on record. The New York Police Department has used civil asset forfeiture so much that it’s outdated computer system, allegedly, cannot even calculate the amount. The US government wants Deutsche Bank to pay for the financial crisis of 2008. The Wells Fargo executive in charge of the unit that made headlines with phony bank accounts walks away with a $124.5 Million dollar paycheck. Credit unions are looking more appealing in light of the recent bank scandals. The Federal Reserve has no way out of the terrible bailout strategy. A Federal Judge has ruled Bitcoin is money. The Bank of England and PricewaterhouseCoopers are looking to adopt blockchain technology. Synereo raises 3 million so far with a recently started fundraising campaign. We talk quite a bit about the latest news with Ethereum. Roger Ver’s Bitcoin.com pool mines the first Bitcoin Unlimited block.

All this and more on Neocash Radio episode 174 on September 21st, 2016!

We’ve written out short overviews of the topics discussed on today’s show below; be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!

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Direct Download – Neocash Radio episode 174 (MP3)

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Traditional Markets
Gold up $1337
Silver up $19.81
Oil up $45.62
DOW Jones up 18,293
30Y UST down 2.378%

Crypto Markets
Bitcoin (BTC) 597 Down
Litecoin (LTC) 3.77 Down
Dash 11.48 Down
Ether (ETH) 13.36 Up
Monero (XMR) 10.15 Steady
1 doge = 1 doge

Continue reading Episode 174 – The Federal Reserve has no exit, Ethereum Devcon 2 & more!