Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
jl777
on 13/01/2014, 23:45:37 UTC
Quote

64-bit encryption is only used for accounts that have no public key and haven't done any transactions. It is recommended to make public key and do at least one transaction. Send someone some NXT, buy an alias, basically I think any proactive usage of the account gives 256 bit protection

How do I make public key?
pay at least 1 NXT fee for any kind of transaction

Or forge a block.
Does one need to back up anything after that? Will the password on a fresh install/device still bring up the account?

The password is the account. As long as you have it, you have access to the account