Rubycoin.org is digital money used for secure and instant transfer of value anywhere in the world, with no borders or limits. There is no government, company, or bank in charge. Utilizing blockchain technology, Rubycoin are issued and managed without any central authority.
Every user with a Rubycoin wallet plays an important role in processing transactions on the decentralized, peer-to-peer network. Interest is earned by each participant and users stay in full control of their money.
A blockchain is essentially just a record, or ledger — one that’s distributed, or shared between many different parties. The Rubycoin blockchain contains a verifiable record of every transaction ever made. It can only be updated through the consensus of a majority of the participants in the system. Once entered, information can never be erased. It creates a true record of events, past and present.
Best 5 Wallet For Storing Rubycoin
1. Mobile Wallets
Rubycoin.org don’t offer as much functionality compared to desktop wallets, however their convenience lies in the fact that you always have the wallet with you and can use it anywhere, e.g. to pay at a retail store. The best mobile Rubycoin wallets are MyEtherWallet, Coinomi, Blockchain wallet.
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2. Desktop Wallets
You can download and install these on your computer. They will only work and be accessible on this single computer. They are among the most secure wallets unless your computer gets hacked or attacked by a virus. The best desktop Rubycoin wallets are MyEtherWallet, Blockchain wallet.
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3. Online Wallets
Rubycoin.org Online wallets run on a server and can be accessed from any device at any location. They are the most convenient to use, but remember that your private keys are stored online and with a third-party – the probability of hackers’ attacks and theft is higher. The most reliable online Rubycoin wallets are Blockchain wallet, Coinbase Wallet.
4. Paper Wallets
Although it sounds strange or even funny to Rubycoin.org about paper wallets in connection with a digital currency, they exist – in the form of printed-out private and public keys. Because of their physical (and offline) nature, they provide a very high level of online security.
Tips for securely storing your Rubycoin
- Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
- Back it up. Make use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
- Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
- Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
- Update your antivirus software. Take care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
- Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.
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