Examples of using Hot wallets in English and their translations into Chinese
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However, the hot wallet is one of the primary attractions for an attack.
A hot wallet is any wallet that is connected somehow to the Internet.
There are two primary types of wallets, the cold wallet and hot wallet.
Hot Wallet installed on desktop computers are meant to be our bank account.
A hot wallet is a wallet that runs on a computer or mobile phone and is connected to the Internet.
A hot wallet is connected to the internet and used to hold cryptocurrency for everyday transactions.
In addition, there is a hot wallet in the fee charged by the company and the virtual currency loaned to the customer.
In the simplest of words, hot wallet is the one that is connected to the internet whereas the cold wallet is offline.
In the affidavit, Robertson explained that“only a minimal amount of coins” were stored in the hot wallet, but specifics were not provided.
Cons: Hot wallet, weak privacy, third party trust required, has experienced outages.
In the affidavit, Robertson explained that''only a minimal amount of coins'' were stored in the hot wallet, but specifics were not provided.
The hot wallet(or online wallet) processes transactions on the exchange, without having to move the currencies back and forth between offline cold wallets. .
In the affidavit, Robertson explained that''only a minimal amount of coins'' were stored in the hot wallet, but specifics were not provided.
It impacted our BTC hot wallet only(which contained about 2% of our total BTC holdings).
This significant limitation means that recipients are required to keep their private keys exposed in a hot wallet.
Coolcoin PTY LTD uses a cold wallet and hot wallet system to secure and manage our client's crypto currency reserves.
In her statement, Robertson did indicate that“only a minimal amount of coins” were stored in the hot wallet, but did not provide any detailed numbers.
According to Binance, the breach only impacted their hot wallet, which contains roughly 2% of the exchange's bitcoin holdings.
Individuals who were tracking the CoinBene hot wallet noticed that a whopping $105 million worth of crypto assets had been removed.
However, cryptocurrency businesses can also look to self-custody and hot wallet storage, as long as they have the required level of insurance.