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Review on Bitcoin Diamond by Hugh Marcheterre
The last code stored in a cryptocurrency wallet is the private seed phrase…
The last code stored in a cryptocurrency wallet is the private seed phrase. This is a special code that is used to regenerate private keys in the case of a loss. The most important thing when using a cryptocurrency wallet is ensuring you keep a backup and store the codes safely and away from the main computer.
Pros
- This is one of the new cryptocurrency wallets employing a unique strategy of encouraging cryptocurrency community to join; giving away free cryptocurrencies to those who join or refer others. It is the same model that was used by PayPal when it entered the market. Every new entrant was given a bonus of $10. Now, QoinPro is offering tokens to every user who joins it.
Cons
- The second code stored in the wallet is the public keys. This is a code that points at the wallet. The code is used by the people who want to send BCD to you. This means that you can share the public keys in the Bitcoin Diamond without worrying of getting attacked. Indeed, the public keys are used by miners to confirm transactions when users spread in the network are sending value.
