Post
Topic
Board Announcements (Altcoins)
Re: Crypti | XCR | Ͼ | 3 PoS algorithms | Ed25519 | 2nd Gen Source
by
Litoshi
on 14/12/2014, 18:29:55 UTC
is the web-wallet offline? Yesterday i made a transaction from bter, hope it was safe?


The web wallet, as well as the individual wallets are not wallets similar to the QT wallets.  QT wallets actually contain the coins, where as the Crypti wallet is just a node that allows access to the blockchain.  Your coins are stored in the blockchain and can be accessed from any computer.  

You can check your balance on any wallet with the blockchain explorer.  You can also view your transactions and research any transfer there.

I just don't get the differentiation and "QT wallets actually contain the coins" is a false statement.
QT wallets contain multiple saved private keys which allows you to sign on transactions. Crypti uses a passphrase as a single private key which is not stored, but the blockchain transactions concept is similar in both (?).

If you have a QT wallet on a SD card, and lose the card, or if you have the QT wallet on a hard drive and the drive is stolen, lost, or damaged, you lose your QT wallet AND ALL YOUR COINS.  If you cannot recover the wallet.dat file, you are S.O.L.

But with Crypti, the coins are stored in the blockchain and each "wallet" is nothing more than a node to connect to the blockchain.  As long as you have the passphrase, you have access from any computer.  There is no way to "cold storage" XCR coins.

BTW........ any person can access the web wallet, and by entering a passphrase used by another user (such as passw0rd, 123456, or trustno1) they can access your coins.  You need to activate the second passphrase as well as using a 50 character or more passphrase.