k guys, I have coins on an old wallet, is there a new wallet I should use?
Use the latest wallet 1.4.0
https://github.com/btcz/bitcoinz-wallet/releasesOr just use the Android Wallet that updates itself automatically so you dont have to do anything:
https://play.google.com/store/apps/details?id=com.btczcom.btcz&hl=en_USThe Android wallet uses a server, and yes the
server is centrally controlled but
you have full 100% control over your coins within the Android app. The reason for the server is to have the full block chain so you dont have to have it on your phone and it works super fast by having the server do the hard lifting. The server knows nothing about the wallets but does sync with block chain and provide fast access to your coins and deals with node connectivity etc so you don't have to. If the server ever goes down for ever (which we dont expect it ever will), you don't see your coin in the wallet's user interface but your coins are still safe and yours and you and only you can transfer them from the android wallet to a PC wallet if that ever happens. Think of it as uploading an encrypted file on Google Drive. Yes Google has the file but they cant decrypt it, they will just host it for you for free. Those devs running the server - for free and for our community - are only doing it so you can use the super fast android wallet for free. Its a fork of Bitpay which charges a lot of fees for doing the same on BTC network. The BTCz devs have no control over your coins. Your private keys are inside the android app inside your android phone in form of a 12 word passphrase. There are offline convertors that convert those 12 words to old fashion private keys which you can import to a PC wallet if ever need to for any reason, without transferring your coins to a new address.