Efficient Way to Protect Your Wallet Address When Sending It To Others FortKnoxster Follow Dec 8, 2017 · 5 min read

Have you ever been paranoid when sending your wallet info to others? — Great you should be!

I magine this : Your buddy want to send you 1 Bitcoin. He asks for your wallet address. You send it him on your e-mail or chat app. NO NO NO NEVER DO THIS! — Imaging a hacker fiddles with that information and instead of you getting 1Bitcoin — it ends in the hackers wallet….

This happens everyday and there is not much you can do — besides sending information as secure as possible.

There are a huge risk in sending wallet address by most conventional ways like e-mail and chat apps.

One of the safest ways to send /disclose your wallet address are by using FortKnoxster.

By sending it on the FortKnoxster platform, you avoid all the threats and risks of “man in the middle” attacks and also spying/stealing/manipulation of your wallet address for criminal purposes.

Eehhhh — whats a man in the middle attack?

A man in the middle (MITM) attack is a general term for when a perpetrator positions himself in a conversation between a user and an application — either to eavesdrop or to impersonate one of the parties, making it appear as if a normal exchange of information is underway.

The goal of an attack is to steal personal information, such as login credentials, account details and credit card numbers. Targets are typically the users of crypto wallets and financial applications. Information obtained during an attack could be used for many purposes, including identity theft, unapproved fund transfers or an illicit password change.

One of the major problems regarding the management and transaction of wallet addresses are related to safety and security. Because the system that controls cryptocurrencies is decentralized, the responsibility to safeguard your wallet is entirely yours.

What is a crypto wallet?

Wallets are designed as interfaces to permit users to interact directly with the blockchain, manage crypto currencies (Bitcoin, Ether, etc.) while individuals remain in full control of the keys and the funds.

Wallets are not like banks or bank accounts — they do not keep track of the users’ personal information.

Wallets are created as a cryptographic set of number (the private key and the public key — also called the address). These two keys are handled only inside the computer that is being used by the individual, through a web browser. The address (the public key) should be sent only to the persons that can send you cryptocurrencies or tokens. However, this should be done with great care. The private key should be kept as secure as possible, otherwise, if discovered, it compromises your wallet and you may lose access to the account (along with the crypto coins stored there).

Most wallets are free, open-source and this is why they encourage users to understand the mechanism through which it operates. Also, it is very important for users to comprehend that wallets cannot recover funds or freeze accounts if phishing sites are visited or the private keys are lost.

According to the same study, between 5.8 million and 11.5 million wallets are estimated to be currently ‘active’.

How can you protect your wallet address?

In order to ensure that your funds are not taken away and your wallet is not at risk, you should follow some suggestions in order to keep your public key (address) safe. While some of these tips may already be well-known, we hope they will be of great use to many of the readers.

● Do not use email communication as offered by free accounts/services. As we all know, Gmail, Outlook or Yahoo or not safe and their content is often hacked and targeted by all sorts of cyber crimes.

● Do not be tempted to send such information through social media apps, mobile chat apps (Facebook Messenger, WhatsApp) or Telegram. Content sent through standard emails and chat services is not encrypted, so it can be easily read.

Moreover, government’s, secret services and other state-owned organizations have already violated the right to privacy for millions of people around the globe. They kept track of all their online history and all their communication. Does this seem like democracy or a world we would like our children to live in? Does this give us trust in the standard channels of communication?

● Instead, choose to send such precious information ONLY through end-to-end encrypted communication solutions. This way, you can avoid hacks and protect your data and all of your funds. FortKnoxster will help you avoid hacks (man in the middle attacks) and provide all the features you need, for video/audio/text communications.

Discover FortKnoxster — protect your data, your privacy and your funds

Meet FortKnoxster — an innovative project that offers users the chance to use various communications solutions, within one web and one mobile platform. This platform uses the resources provided by the Ethereum Blockchain technology to obtain private and trusted communication channels between all types of users. By doing so, FortKnoxster can now successfully provide end-to-end encrypted inbox, chat, decentralized storage, calling, video conferencing, voice messages, etc.

The blockchain technology empowers users to take hold of their own digital identity, share and communicate with trust. The users’ digital identity cannot be attacked, and nothing can fail. Moreover, on top of the implementation of a secure and decentralized trust model of FortKnoxster’s encrypted digital identities (the public keys), the project also creates a complete ecosystem based on the FKX token and smart contracts on the Ethereum blockchain — this will help facilitate secure transactions of subscription services and incentives to participants.

Got Questions?

Our team members are always available to answer your questions. Join our public channels on Telegram and follow us on Bitcointalk, Twitter, Facebook, Reddit, YouTube, Medium and our website. You can also always contact us directly by email at contact@fortknoxster.com.

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