So I wanted to keep my tokens more secure by cold storing my EVN Tokens and also my Ethereum. I'm not that familiar yet with cold storing so I was wondering if I would still be able to receive my dividends if I chose to use cold storage? What are your thoughts on cold storing the tokens and ethereum?
I think the project is awesome btw. Constantly refreshing feeds for upcoming news about what is going on next with the project! Keep it coming!
Hey guys,
No one answered my question so I am just reposting it because I think it is interesting.
YES, you can cold store your tokens. If you are cold storing that means you have access to your private keys, which means you can then use that private key on a website like myetherwallet and access your tokens.. Your tokens produce dividends that will also appear at that same address.
Are you referring to a wallet like ledger or trezor? I use those, you can store your tokens on your ledger.. but really what is happening, is you are accessing the tokens through myetherwallet, and you have your private keys stored on your ledger... all your tokens are acutally stored in public, on the blockchain.. the ledger, or your private keys are what gives you the ability to send those coins an interact with your wallet, make sense? You are just in trouble when u send erc20 tokens to wallet where you do NOT control your private keys.
Sorry, still sore about the envion telegram thing. Still no word from Laurent.
Hey man, Thanks for answering me! I was thinking about ledger and trezor but I'm going to go with a usb style cold storage wallet instead. I think I get most of what you are saying but let me see if I understand this correctly.
Let's say I have some tokens stored on a wallet with the public key xyz. When envion pays me dividends, they are just updating the balance of the wallet that belongs to the address xyz. That part happens on the blockchain (something I am just learning about). Okay so I'm pretty sure I get all that. Now I have another issue which isn't as pressing.
After they pay my dividends, If I kept my wallet offline, how would I see that there is more ether in there? Does the wallet update once I get it on myetherwallet (or in my case electrum)?