Difference between revisions of "Best practices"

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|title=Ravencoin Wiki: Best Practice
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|keywords=ravencoin best practices
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|description=Ravencoin Wiki Best Practices to help keep your Ravencoin secure and safe.
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== Wallet ==
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Quote from OhGodAPet - Think of it this way - until you DO learn and understand, your only option is to not know what the wallet hides from you...
A common practice is to use one wallet for hot storage, and another for cold storage.
 
Read [https://ravenforum.org/topic/21/the-private-key-and-the-wallet the private key and the wallet] on our forum for a understanding of the difference of what a wallet is compared to a private key.
 
 
 
=== Hot storage ===
 
Hot storage is a storage we mine to, and keep on a networked computer, a wallet we commonly access and use.
 
 
 
Have at least two copies(backups) of wallet.dat in two different locations, use dedicated USB sticks.
 
 
 
=== Cold storage ===
 
Cold storage is a wallet we create and have on a non networked computer.
 
This should be a dedicated disk, with a fresh and clean OS installed.
 
To use this wallet we create the transaction, sign it and save it on a dedicated USB stick, then import this signed transaction into our hot wallet and broadcast it.
 
Have at least two copies(backups) of wallet.dat in two different locations, use dedicated USB sticks.
 
 
 
=== Paper wallet ===
 
we create a linux liveCD USB-stick
 
# Download Ubuntu [https://www.ubuntu.com/download/desktop Latest LTS version is fine]
 
# Follow the Guide for your OS to make a bootable USB [https://tutorials.ubuntu.com/tutorial/tutorial-create-a-usb-stick-on-windows#0 Ubunto guide]
 
# Download paper wallet generator [https://github.com/todd1251/WalletGenerator.net/tree/ravencoin Paperwallet] and put on your USB or a separate USB stick.
 
# Unplug ethernet cable, insert LiveUSB and reboot into Ubuntu Live. Do '''NOT''' connect with Wifi or any other means to any network.
 
# Open index.html to start papwer wallet generator, and then select Ravencoin. Make your wallet(s)
 
# Connect a Printer that does not have network or reprint capabilities, older cheap injets are usually fine, DYOR (Do Your Own Research). Print Wallets in at least duplicates.
 
# Laminate the paper wallets to keep them safe from water damage.
 
# Store wallets at two different locations, and keep them safe and secure.
 
 
 
 
 
== Private keys ==
 
A private key is what control the funds, and make them spendable on its correlating public key.
 
 
 
 
 
 
 
== Miners and other apps ==
 

Latest revision as of 20:06, 15 November 2018


Quote from OhGodAPet - Think of it this way - until you DO learn and understand, your only option is to not know what the wallet hides from you...