Cold Storage simply means that a private key to a (public) Bitcoin address is generated by some method disconnected from the internet.
Without an internet connection, the chance -- or rather risk -- of external attacking goes toward zero - something attractive to those seeking the highest standards of digital security.
This can be done by very simple means. Despite all the marketing talk for Trezor-style technology solutions, the common paper wallet is still the best thing -- if done correctly!
If you need to find out more about how this is done in real life, read here http://bitcoinfinancial.info/bitcoin-security/ or some of the other free resources at http://bitcoinFinancial.info/
Please note: this text is ported from a previous Facebook post as part of our move from Facebook to Steemit.
Great post, followed you too!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
cheers for the compliment on that post, also for your Upvote.
Cannot see that you were actually following as claimed though... It's simply not true! Almost fell for that little trick of yours to grab many followers of your own quickly when I gave you a Following.
Steemit is built around the concepts of honesty, trust, reputation, and paying it forward, you might want to note.
This account may seem 'new' here but that doesn't mean I had been born yesterday :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Must of miss clicked to be honest, I thought that i had followed you otherwise i wouldn't have said anything . I agree with your post, im sick and tired of these people claiming that they follow you just for a follow back,. Sorry for that buy i honestly did try to follow you, i liked this post and took a look at you other posts and i found them interesting.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ok, thanks. Sorry about the confusion...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit