Post
Topic
Board Beginners & Help
Re: Are you using a Public DNS server? your coins are at risk !
by
Butterfly Protocol
on 13/09/2019, 07:11:47 UTC
i was carelessly using public dns because my isp using it. later dns hijacked occured.
My wallet got hacked by it. i lost about 700 usd of it.
now i am no longer using myetherwallet, time to use metamask or other more secure wallet.



sorry about your loss, i tried to warn as many people as i could by then on Ether Mining group on FB some people got away but most were to late to act! anyway

why not get a hardware wallet? any logical explanation behind this?

thanks

Phishing and Hijacking are not to be neglected! Using public DNS is dangerous if your IP is exposed, a plethora of misdeeds can occur.

If you take a look at what Butterfly is doing, you will find that much more enthralling than using a standard, centralized DNS.

Butterfly enables individuals to execute a single transaction and own their domain name forever, free of future payments, which are currently standard, as simple as that. Once a domain name is created and acquired, the initial registrar is its sole owner. This in itself is a major breakthrough in how domain name ownership works. Butterfly has also developed an inherent ecosystem with a native cryptocurrency token, which allows users to create, sponsor, and execute domain names and their creation.