Bitcoin Mining and Security, Part 2

Let’s summarize about cryptosecurity and, if you need to, check out Part 1.

Bitcoin security is important. Your bitcoin or any other cryptocurrency has a unique address, identification or private key. Therefore, you need to understand the importance of maintaining its security. If you lose it, it is difficult to recover, so you need to protect it as best you can.

I must make this clear, because security must be paramount and not easy.

There are countless stories of individuals who lost access to their computers (either through negligence or misconduct) and ultimately failed to recover their bitcoin or other cryptocurrency. This should be equivalent to leaving your wallet vulnerable through pickpocketing or negligence.

Fortunately, there is a way to double protect your assets. A secure hardware wallet ensures that if you unfortunately lose access to your computer or tablet, etc., (anyway) you will be able to recover your bitcoin, etherium, lightcoin, etc.

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

The second level of security.

Trezor is an original hardware wallet that is easy to set up for your bitcoin security. There are other products, but by the end of this article I decided to deal primarily with the Trezor hardware wallet.

The main principle of security of Bitcoins Trezors is zero trust.

Using the Trezor screen, you can self-check and physically confirm each transaction directly on your device.

It also requires you to have a PIN code every time you log in. So ensuring that you are always present.

As a single-purpose device, the wallet has no other features.

Simple equates to extra security.

Trezor is no exception to the risk of malware or viruses, period. However, the fewer devices that Trezor communicates with, that is, there is no Bluetooth, Wi-Fi or Qr scan, so the simpler the communication protocol, the more secure your bitcoin security.

Also, the Trezor has no battery. When it is disabled, it is turned off and your coins are protected from any cyber attack.

I hope I have stressed the importance of bitcoin security. Key issues: zero trust and specific security. Also make sure your backup process is just as secure, i.e. if necessary, make sure your data is available to someone you trust.