Thanks to the comments and doubts of the community DesdeLinux, we have decided to go a little deeper into the subject of Bitcoins.
For those who are not informed, Bitcoin is a non-physical and virtual currency decentralizedIn other words, it is not backed by any bank or government entity, and therefore is not established by the conventional parameters of a conventional currency. Currently it can be used for payment transactions in many businesses and people worldwide.
Bitcoin can be acquired through exchange houses for this currency, by block encryption or data mining, and as a form of payment for a good or service. In order to carry out transactions with this electronic currency, you must verify if the beneficiary or the business accepts Bitcoins as a form of payment, since, despite the fact that many businesses and people already use it worldwide, in the same way others due to ignorance or due to insecurity they do not implement it.
One of the issues that causes the most concern for users who use or want to acquire Bitcoins is the issue of security. That is why we have dedicated this article to clarify certain doubts regarding this topic.
Remember that Bitcoin works under the profile of crypto currency; forms of payment with digital or non-physical money. This definition suggests that everything that involves the handling of this transaction is via computer or mobile phone, so the security measures that we implement in it must be taken into account.
The purse:
You must install the wallet to use your "coins". At this point is where we recommend being very careful when choosing it. The wallet is simply where your Bitcoins are registered and stored, so it is necessary to research about them and select the appropriate one for your safety.
Remember that virtual wallets register your money and are like conventional wallets, in them you keep your money, but only a certain amount. It is recommended to only keep a portion of Bitcoins in the wallet and the rest in another account, to avoid having very large amounts in one. You can also have several wallets, this makes it easier for you to have a large amount of funds, but at different points.
You have backed up your passwords. If you lose it, the Bitcoin system does not offer to regenerate your password, so if you lose it, you will no longer have access to your funds permanently. When creating it, it must contain at least 16 characters. Combinations of letters, numbers, and punctuation marks are recommended for a stronger password.
You can also have a multi-signature. This is requested apart from the password when accessing your wallet. You can also share it with other users, so that several of them can have access to Bitcoins only if other members approve. Currently the multi-signature is only used by technical users, but it is expected to be available in the future for the Bitcoin community.
Back up your wallet by making a Backup. Just keep it in a safe place on your computer in several protected locations, in case at any time you need to use it due to problems with your computer.
Encrypt your backups in case it was saved online. The disadvantages about this is that they can be violated by existing internet connection. If the wallet is not backed up once, it is recommended that you regularly back up your backups.
There are off-line wallets; These are ideal to provide more security to your Bitcoins. These wallets are not connected to the internet as they are stored in a secure site.
Updating your software you can have more security in your system. It is a way to protect your money thanks to updates.
Payments with Bitcoin:
Transactions made with Bitcoin are irreversible. This means that from the moment it is done, there is no way to cancel it if you realize that you have provided incorrect information. It will only be canceled if the system verifies something incorrect in the data during the process prior to executing it.
You must be aware that the transactions made are public. These reside on the web, so anyone can see them. The only thing that is not public is the user who runs it. For this reason it is recommended, for security measures, to use a different address per transaction.
Finally, we want to highlight that Bitcoin is a currency that is under development. It must be taken into account that the system is subject to constant changes, so it is not noticed how its development would be over time. Remember also that it is a decentralized currency, but it does not exclude an entrepreneur from his other financial responsibilities just for using it as a payment method.