After the not so recent shutdown of Coinaaa, we’ve partnered up with an Ethereum wallet provider online. We’re looking to give users freedom to choose a better alternative to both Bitcoin and Coinaaa.
Advantages of Ethereum
So why is this online currency so good? Simple. Because of its developers. They build important applications, and more than just online ethereum wallets. Vitalik has written an incredible source code base for the cryptocurrency, bringing it to the $1 Billion market cap we have today. It was an extremely undervalued coin for most of its lifetime so far, but has recently been catching up in value. Indeed, smart contracts and decentralized applications have spurred a new wave of customers to invest in the currency. Innovation truly is important.
There aren’t any major cons to Ethereum, besides the recent hard fork drama. What happened was a user used a technique to extract a large amount of DAO from the currency, and took 10% of all coins. Vitalik and the crew fixed this, but had some resistance from users who wanted Ethereum to fail. Hence, there now exists a hopeless but pricey coin called Ethereum Classic. In a few months, no one will remember anything about the hard fork and Ethereum issue anymore. It was a necessary action to take, and Vitalik and his crew made the right decision.
Again, this brings us to the major point of how important it is to have active and strong developers on the platform. Vitalik saw an issue, and quickly addressed it. Despite how huge the issue was, he handled it very well and made the right decision. Why in the word would anyone invest a coin in which one person exploited a bug and took 10% of all the market? This would make Ethereum and ethereum wallet literally instantly fail.
Cryptocurrency development is about building new ideas, and changing the world. During that process, it is an absolute truth that mistakes and bugs will happen. But we have to push through them in order to lead the world to a better, more decentralized place.
The guys at ethereum-wallet.net have reached out to us about a sponsorship opportunity. Since we love Ethereum so much, we gladly accepted the offer and are now partnered with the site. This is very reminiscent of the NASCAR sponsorship with Josh Wise. Except instead of cars, we’ll be fully promoting the very trusted and secure online ethereum wallet!
With speedy hot ethereum wallet transactions, you’ll be flying around in no time. Transactions barely take milliseconds on the epic cloud server. Need security? Cold wallet storage is just around the corner too! Users will be able to generate and store private keys on their machines, allowing for ease of use and a healthy dose of security.
Founded by the team behind Just.Ice, Ethereum-wallet.net will be revolutionary in the cryptocurrency scene. They will be leading the development of a series of high-tech decentralized applications in the Ethereum space, allowing for even more applications to be built on top of the platform.
Private Public Key Storage
Your private key holds the secret to your funds. Your public key is like your address which people can send coins to you with, except they cannot remove funds from your address. The private key is safely encrypted on the server, or on your own desktop or flash drive.
As mentioned above, users can soon download their private keys from their online ethereum wallet and store all their Ethereum digital currency online, but offline. Simply go to the cold wallet section of the website in the dashboard, and generate a public private key pair. You may notice that the process is a bit more complicated than the hot wallet (default).