Blockchain Wallet Vs Breadwallet ~ Another Rival Emerge2 min read
Blockchain Wallet Vs Breadwallet, it’s seems that another rival in the cryptocurrency market had emerge..
Fasten your seat belt for quick and interesting recap…..
Blockchain Wallet Vs Breadwallet ~ Another Rival Emerge
So there is this debate about which is the best ios cryptocurrency wallet between bread wallet and blockchain wallet. I wouldn’t say one is outrightly better than the other per se, as most issue users have inquired about wallets relates to security. To use an ios wallet, accessing it from a secure device is the most vital thing. Once the device security is guaranteed, then I can go on to tell you about the peculiar attribute of each.
The blockchain is open source. It encrypts your private keys with a password you select and will send the backup to your email or dropbox as well as a store on their server. So, it is typically as safe as the password you choose to use.
This is why users are advised to use passwords with about ‘128 bits of entropy’. If you don’t know how to calculate a password’s entropy or clueless about modern password cracking techniques, it will be a good choice to make some research in this area before choosing your wallet password.
Breadwallet is perhaps the most popular ios wallet for its simplicity and of course security. It provides a straightforward and secure way to hold your coins yourself. Breadwallet has even made it easier to store your private keys by giving you a random 12-word recovery phrase, from which your private keys are derived predictably. As long as you write down the recovery phrase and keep it in a safe place, almost nothing can go wrong with your coins.
If you decide you want to own a lot of Bitcoin, it would be a good idea to divide them among these different wallets though. Because as the saying goes, it is wise not to put all your eggs in one basket.