How to Stay Safe From Replay Attacks!!

in bitcoin •  7 years ago 

The BTG token may be susceptible to replay attacks

It is not advisable to rush and sell or send right away. We will be waiting for a week before deciding what next steps to take!

Important :

When the two blockchains cannot distinguish between your tokens you may accidentally send out your BTC and lose your original Bitcoin.

What is a Replay Attack?

A replay attack (otherwise known as a playback attack) is a network attack where valid data transmission is maliciously or fraudulently repeated or delayed.

Bittrex has issued this official warning:

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Source: Coin Telegraph

A cold storage wallet is the most secure place to hold your digital assets. Using a wallet such as the Ledger or Trezor will protect your assets from hackers and forks!

Check out our review of these cold storage options:
http://arcanebear.com/the-best-bitcoin-wallets-ledger-nano-trezor-and-keepkey-review/

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Thank you for the great information and advice!

Glad you appreciate it :)

Important stuff, had to Resteem.

Thank you Randy!

Thanks for the information. I was going to move my assets from Bittrex to my Ledger, but now I think I will wait until someone sounds the All-Clear. Am I being prudent in doing so?

@retiredinsamar Yes that sounds like a good idea!

Thank you!