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Ether wallet backup
EtherCom is different from other traditional web wallets. Why? Because unlike other web wallets, here you control Ethereum’s private key on your machine.
As this is a do-it-yourself service, you will need to input the amount of gas for the transaction. (Generally 21,000 gas is enough for a normal Ether transaction)
- By running EtherCom wallet on an offline computer, you can create secure paper wallets for your ether holdings.
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The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale.
Click OK, backup your keys and here you have it Your Ethereum wallet is ready to use. Next thing you’ll need to do is load it up with Ether. You can immediately top it up with Bitcoin or transfer Ether from your other wallets. If you need help on how to purchase Ether, read our write-up on how to top up your wallet for ICOs.
- Your wallet will be opened and all info revealed. If you have ETH or known tokens, EtherCom will display them on the left side of the wallet.
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Save your private key. It may look just like a string of symbols, but this is your private key and its safety is of critical importance. Make sure to back it up and keep it safe. You can also print it to keep it as a paper wallet. Remember, there is no way to retrieve your forgotten or lost private key and password, therefore, take all necessary safety measures suggested by the page.
If you don’t have any, you can also create as many new accounts as you want, following the steps discussed previously and simply move your funds between accounts you own.
- Ethereum is often described as a digital currency but here’s something you need to know, it’s a blockchain platform which uses the its own “gas” or “currency” which called is Ether.
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EtherCom.io is a Ethereum web wallet developed by kryptokit. The wallet is currently in beta mode and the use of small amounts of Ether is advised. Security Measures & Application Behavior Control Over Your Money The EtherCom.io wallet gives you full control over your Ether.
EtherCom is the world’s first multi-cryptocurrency desktop wallet. It is free to use and has an attractive. As soon as you open the EtherCom wallet, a pie chart will show your entire portfolio of coins.
- This offline Ethereum wallet is one of the most reputable in the business. It’s simple interface and secure two factor authentication are everything an offline wallet needs. It’s also waterproof and very durable.
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Your wallet’s security is in the hands of the company you sign up with. If they go down, you go down. There are different types of online wallets. For example a desktop wallet is different than a mobile wallet - we’ll go into more depth about this later.
Hence, even if you lose your keystore file, there is still a hope that the attacker will not be able to crack the file and access your wallet.
- EtherCom is the most well-known online Ethereum wallet out there. It allows you to create Ethereum wallets for storing Ether and ERC-20 Tokens offline. Be cautious with MEW though, because there are stories of people’s wallets getting hacked.
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The Ethereum platform itself is featureless or value-agnostic. Similar to programming languages, it is up to entrepreneurs and developers to decide what it should be used for.
We are sure that one way or another, you have heard about Ethereum, blockchain, cryptocurrencies or ICOs.
- First, you have to enter how much Bitcoin you want to exchange for Ether. In this case, the amount is 0.1 BTC. Then, enter your Ether wallet address (destination) and Bitcoin wallet address in case the transaction fails. In such case, it will be safely returned there. Lastly, check “I agree to Terms” button and click Start Transaction.
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Let’s start with hardware wallets which as the name suggests are in tangible form. They are like your conventional, portable hard disk but designed for cryptocurrency. They are what we call cold wallets in this business.
EtherCom a well-used solution, suitable for both Ethereum and Ethereum Classic. Open-source wallet recommended by the Ethereum community.
- EtherCom is an interface which allows you to create Ethereum wallets for storing your Ether and ERC-20 tokens securely offline, it allows you to print out a paper wallet which you can store safely somewhere knowing your funds are secure and offline.
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Bitcoin allows for individuals to exchange cash without involving any middlemen like financial institutions, banks, or governments.
EtherCom, however, provides an extremely simple and safe way to watch and interact with your Ethereum-based tokens. We are going to show you how to use this service with any ETH token.
- To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources).
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For most users, the basic difference between these is that human users control EOAs - because they can control the private keys which give control over an EOA.
Your account is all about privacy, anonymity and bank-grade security. We take all possible measures to keep your funds safe and secure. All provided services run entirely over secure SSL (HTTPS) connection, critical user data is hashed by SHA-256 cryptographic algorithm. Additional two factor authentication with One-Time-Passwords adds even more security to your account.
- There are two types of accounts in Ethereum: normal accounts, holding ether that can only be moved with a private key and contracts, which hold ether only controlled by their own internal code.
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According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply).
Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.
- Hence, even if you lose your keystore file, there is still a hope that the attacker will not be able to crack the file and access your wallet.
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The Ethereum platform itself is featureless or value-agnostic. Similar to programming languages, it is up to entrepreneurs and developers to decide what it should be used for.
Most day-to-day transactions will be done with ether, which is equivalent to one quintillion wei, or a 1 followed by 18 zeros. So before sending any transactions, it’s very important to convert the amount to wei, and for that, you can use the web3.toWei function.
- The QR code can also be used to make a paper wallet.
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Whereas the Bitcoin blockchain was purely a list of transactions, Ethereum’s basic unit is the account.
To date, these Ethereum wallets are known to be incompatible with ICO’s. Before investing, you should move your ETH to one of the wallets mentioned above.
- An Ethereum wallet also comes with private keys or other methods of unique, encryption-based identification. As with other wallets, passwords are not recoverable. Keep in mind that Ethereum is still a young project and wallets are not so well-developed and tested by the users and the programming community. Follow Twitter and other social media for tips on timely updates, especially when the whole network changes its versions.
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If you pull out your wallet now, you’ll probably have cards and cash stored inside. A crypto wallet is different. A crypto wallet acts more like a safe than a wallet, because it doesn’t actually store the funds. Instead, it stores the keys (code) needed to access your funds. Your actual funds are placed on the online ledger also known as a blockchain.
EtherCom a well-used solution, suitable for both Ethereum and Ethereum Classic. Open-source wallet recommended by the Ethereum community.
- Due to the nature of the algorithm for block generation, this process (generating a proof of work) is guaranteed to be random and rewards are given in proportion to the computational power of each machine.
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Ethereum incorporates many features and technologies that will be familiar to users of Bitcoin, while also introducing many modifications and innovations of its own.
Hardware wallets are better as they offer more security, are not connected to the internet 24/7 and can be kept securely wherever “you” like.
- All transactions in Ethereum network require Gas. The set amount of Gas reflects the complexity of an operation. Regular Ether transactions don’t need to have a default Gas limit (transaction maximum Gas) because they are rather straightforward. However, token sale transactions are more complex than simple transfers. Therefore, it needs more processing power to execute smart contracts. If the gas limit is too low, the network won’t be able to carry out your transaction and it will fail.
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Many of these took the form of “alt coins” - separate blockchains with cryptocurrencies of their own which improved on the original bitcoin protocol to add new features or capabilities.
Just as a reminder, any transaction that you make will require Gas which is paid in Ether.
- Do you need a wallet that can hold several currencies, or just Ethereum? There are plenty of wallets that allow you to hold different cryptos, as well as some that are strictly for Ethereum.
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ICOs have created quite a mess of the TX pool and has a lot of TXs pending and taking longer than normal to send.
If we were to define it, It’s basically software that allows you to easily store and manage your private and public keys. With a cryptocurrency wallet, you will be able to store various currencies (that are supported with your choice of wallet) and easily carry out transactions and check your balance whenever you want to.
- Hardware wallets are better as they offer more security, are not connected to the internet 24/7 and can be kept securely wherever “you” like.
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Ethereum wallet manifests these values by relinquishing control by a formalized central foundation. The only hierarchy is that of transparent meritocracy and mutual reputation. No backroom deals or behind-closed-doors unilateral decision making; just free and open discourse.
Ether Wallet makes it easy to create secure wallets without the command line or the need to run an Ethereum client on your computer.
- The sender of a transaction must pay for each step of the “program” they activated, including computation and memory storage. These fees are paid in amounts of Ethereum’s native value-token, ether.
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Ethereum is still quite new and has a smaller userbase than Bitcoin. The best Ether exchange is Kraken because it has the best reputation and volume in the Bitcoin/Ether, USD/Ether and EUR/Ether pairs.
Although it has not been authorized by the The Ethereum Foundation, we hope you will find it useful. We welcome new Contributors.
- Ethereum incorporates many features and technologies that will be familiar to users of Bitcoin, while also introducing many modifications and innovations of its own.
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Easy to use interface: Cryptocurrency can be tough for many but even if you are a veteran, you need a smooth and easy to use user interface in your wallets.
With the address and private key, you will be able to send Ether and Ethereum tokens to any Ethereum address.
- Use a combination of letters, numbers and symbols to make it as strong as possible. Write it down immediately and, if possible, make several copies. Then, click “Create New Wallet.”
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Individual user interactions with the ledger (transactions) are secured by strong cryptography.
Save your private key. It may look just like a string of symbols, but this is your private key and its safety is of critical importance. Make sure to back it up and keep it safe. You can also print it to keep it as a paper wallet. Remember, there is no way to retrieve your forgotten or lost private key and password, therefore, take all necessary safety measures suggested by the page.
- You can choose whether to input the amount of coins owned manually or automatically update balance by address (available for selected cryptocurrencies).