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There are many ways to store bitcoin cash, and while some people use mobile apps, others use hardware wallets to store their digital assets. Then there are those who use one of the oldest methods in the book — the paper wallet. The tried and true paper wallet technique is a convenient way to store bitcoin cash (BCH) offline in a physical manner, with funds still spendable or receivable at any time. At Bitcoin.com we’ve revamped our paper wallet section so our visitors can create a beautiful physical bitcoin cash bill in a matter of minutes.
Bitcoin.com’s Newly Revamped Paper Wallet Generator
Cryptocurrencies have become very popular and people who use digital assets store them in various ways. One of the oldest methods for storing bitcoin cash is the use of a paper wallet, which is basically a piece of paper that holds funds because it contains a printed set of both the private and public key. As long as no one has visible access to the bill’s private key, the paper wallet can be a very secure method of offline storage (cold wallet). At Bitcoin.com we’ve always had a paper wallet generator available, but we’ve recently updated the portal so anyone can easily create a bitcoin cash-loaded bill that can be spent at any time.
All a person has to do is use our wallet generator to create a bitcoin cash (BCH) private key and print the paper wallet on a secure printer. In order to make the process very secure, we recommend downloading our paper wallet source code and creating the seed using a device that’s not connected to the internet. Simply print out the finished product using our yellow and black design (similar to the anarcho-capitalist flag) and cut the bill out with some scissors. You can go the extra mile and laminate the paper to make the wallet more durable over time. Remember paper can last a while, but it couldn’t hurt to add some extra durability measures if you decide the paper wallets won’t be used for a very long time.
Loadable, Spendable, Open Source, and Stylish
After cutting out the bill, our Bitcoin.com paper wallet designs allow users to fold the private key section over and a piece of tape can be used to seal the private key from view. After performing these steps, the best thing to do next is store the paper wallet in a safe location, and when you are ready to spend the bitcoin cash you can easily sweep the funds into a Bitcoin.com wallet at any time. Just scan the private key QR code with your Bitcoin.com wallet (or other compatible wallets) and the software will sweep up the BCH. Loading the paper wallet is super easy as all an individual has to do is send funds to the public address. You can load the paper wallet with as much funds as you desire at any given time. For instance, you can make $ 1, $ 20, $ 40, $ 100, and even $ 1M bearer bonds.
So if you are looking for a secure and convenient way to store your bitcoin cash then check out our bitcoin cash paper wallet generator. In as little as five minutes you can create a paper wallet and keep the BCH in a safe place that only you have access to. With a little practice you’ll become a BCH bill printing machine, but remember that unlike central bank-issued fiat, there will only ever be 21 million bitcoin cash.
Have you tried our paper wallet generator? Let us know in the comment section below.
Images via Shutterstock, Pixabay, and Bitcoin.com.
Need to calculate your bitcoin holdings? Check our tools section.
The post Need Cold Storage? Check Out Bitcoin.com’s Revamped Paper Wallet Generator appeared first on Bitcoin News.
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Every week, the news.Bitcoin.com inbox, and that of every other crypto newsdesk, fills up with press releases festooned with gratuitous use of the word ‘blockchain’. We’re not against blockchain technology – all of our favorite cryptocurrencies are reliant on it – but we’re vehemently against things being given blockchain that have no right to that moniker, like the following examples.
Blockchain, Because 2018
Bemoaning gratuitous appropriation of blockchain isn’t anything new; this publication, and many others, have been bemoaning its brand-jacking for months. Since PR companies don’t seem to have taken the hint, it behoves us to name and shame some of the more egregious cases, in the hope that others take the hint. We’ll start with Our Music Festival. The event, scheduled for San Francisco on October 20, will be “the first-ever blockchain powered festival.” Its organizers have been “exploring the potential synergies between blockchain technology and the festival business.” Having done some cursory exploring ourselves, we failed to detect any. Sorry, OMF, but we’ll pass.
What else has reached the news.Bitcoin.com inbox lately from the world of blockchain? In “Half Of All Millennials Heart Coupons: How Blockchain Will Take Discounting To The Next Level” we learn that “Blockchain technology allows for the greatest degree of customization instead of that one-size fits all coupon on Groupon. The digital ledger allows companies to look at what a customer buys often and offer deeper discounts on those products. So basically, consumers get the discounts they actually want, not ones that just make them shrug their shoulders.”
Finally (or we’d be here all day), we have an email simply titled “Can Blockchain help farmer?” If “farmer” is planning to build a censorship-resistant distributed ledger to facilitate P2P payment of cryptocurrency, yes. Otherwise, we think not.
Replace ‘Blockchain’ with ‘Distributed Database’
A simple means of telling whether a product needs blockchain is to replace the word with ‘distributed database’. For example, “Hashed PKI certificates stored on a distributed database” works. “Distributed database-powered festival,” on the other hand, does not. If any good comes of the enduring bear market, it will hopefully be the loss of blockchain as a superfluous prefix for products. If it takes another 12 months of bleeding crypto markets to weed out the blockchain impostors, we’ll take it. We welcome news tips, especially stories of real-world cryptocurrency adoption. But please, no more superfluous blockchain. We just can’t take it.
What are the most ridiculous appropriations of blockchain that you’ve encountered? Let us know in the comments section below.
Images courtesy of Shutterstock, and Twitter.
Need to calculate your bitcoin holdings? Check our tools section.
The post Here Are Some More Things That Really Don’t Need Blockchain appeared first on Bitcoin News.
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