Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
2Kool4Skewl
on 06/12/2013, 02:51:54 UTC
Added warning for secret phrases < 30 symbols.
Unlike Bitcoin, Nxt presently relies solely on brainwallets as the means of user authentication.  There is no "cold storage" alternative offered.  I see this security model as a vulnerability, and as future PR problem hurting mainstream adoption if Nxt coin heists do start happening.   Brainwallets are surprisingly tough to get right for the unsophisticated user.



I just disconnected from Internet, started the client & generated offline cold storage address (wallet).
Then you have no way to put any Nxt into this address.

You can generate an address offline and then deposit funds to it.