#bitcoin
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buy #bitcoin 😃
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I have created a Secure Seed Storage: A Step-by-Step Guide for Safeguarding Cryptocurrency Seeds Using Shamir's Secret Sharing and V4A Stainless Steel
1. 🔒 **Seed Splitting:** Use Shamir's Secret Sharing to split your seed into three sections.
2. 🔏 **Engraving:** Engrave each seed section onto a separate washer made of durable V4A stainless steel.
3. 🔩 **Assembly:** Secure each engraved washer onto a stainless steel screw with a matching nut.
4. 📦 **Encasement:** Carefully place the assembled washers into a robust metal case.
5. 🛡️ **Protection:** Apply corrosion-resistant oil to the assembled washers and the inside of the case to protect them from oxidation.
6. 🔐 **Sealing:** Seal the case and mark it with a security seal for identification.
**Tips:**
- 🗝️ Store the case in a secured location.
- 🤝 Inform a trusted person about the location information.
- 🚫 Avoid making digital copies of the seed phrase.
- 🔄 Regularly check the condition of your seeds and the case.
**Material choice:**
V4A stainless steel is used for the washers because it offers excellent corrosion resistance and is stronger than other materials like V2A stainless steel or aluminum. The robust metal case provides additional protection for the seed sections.
#Bitcoin #Seed #Seedphrase #Saveguide #V4A #Gm #Nostr #Plebstr #Key #Secure #help #coffeechain #Wallet
be your own bank #bitcoin
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#bitcoin
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A normal day in fiat world 😃
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I believe advancements like SegWit and Taproot prioritize security and efficiency.
What are Bitcoin address formats and where do the differences lie? Explore the world of Bitcoin addresses and their significance for transactions. Legacy, Wrapped-Segwit, Native-Segwit, and Taproot – which address suits your needs? 💰🔍 #Bitcoin #Blockchain
1. #Legacy addresses are the traditional Bitcoin addresses, but compared to other formats, they may incur higher transaction fees. They start with '1' and use Base58Check encoding. Ideal for compatibility but not for fee efficiency.
2. #Wrapped-Segwit addresses combine old and new technologies. They start with '3' and use the P2SH-P2WPKH script standard. Good for compatibility with older wallets but not as fee-efficient as Native-Segwit. #Cryptocurrency.
3. #Native-Segwit addresses offer the lowest transaction fees and improved error detection. They start with 'bc1q' and use the P2WPKH script standard and bech32 encoding. Optimal for cost efficiency and performance.
4. #Taproot addresses, starting with 'bc1p', are still less common but offer improved privacy, performance, and predictable fees. They use the bech32m scheme and the P2TR standard. Futuristic but still in the adoption phase.
#bitcoin
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#bitcoin
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#HODL
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#bitcoin
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#bitcoin
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