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Review on MyEtherWallet by Rahul Baria
MEW is a client-side interface that interacts with the Ethereum blockchain…
MEW is a client-side interface that interacts with the Ethereum blockchain. Although you can easily create new wallets in your web browser with MEW, it’s not actually an online wallet. Even though you create the wallet through the web, all of your information and your funds are stored on your computer, not on the MEW servers.
MEW combines the ease of setup provided by online wallets while eliminating many of the vulnerabilities that come with storing your funds online.
As MyEtherWallet is an open-source interface, it should be easily accessible using all of the major operating systems on desktop and mobile devices: Windows, Mac, Linux and more.
Pros
- - Free service - Open source - Clear, easy to understand - Never stores sensitive data on the MyEtherWallet servers - Support for offline cold storage transactions
Cons
- - Instances of phishing attacks have been noted - Not a cryptocurrency wallet in its own right
