Founded in early 2017, Upfiring was established to create an alternative to traditional P2P file-sharing protocols by incentivizing seeders through the use of a tokenized file-sharing economy. Traditional P2P file-sharing and networks offer no incentives for seeders and as a result, low file availability and slow downloading speeds are frequent issues. By incentivizing seeding, Upfiring aims to create a healthier file-sharing network that allows content creators and seeders to be rewarded directly for sharing content without any third-party intermediaries.
Upfiring first usable dapp prototype launched on mainnet in December 2018, with their full application launching on 5 February 2019. The dapp is cross-platform – available for Windows, MacOS, and Linux. The application allows users to generate encrypted .ufr files with embedded price data and seed them on the Upfiring network. Users earn UFR tokens in exchange for seeding and keeping files online. Seeder smart contracts deployed to the Ethereum network mediate the movement of files across the network, maintain seeder UFR balances and allow for the decryption of files when warranted.
Upfiring targets content-creators by allowing them to promote their content directly to users without relying on any third-party intermediaries. UFR tokens are used within the dapp to unlock encrypted content. The dapp can be downloaded from https://www.upfiring.com, and the corresponding documentation can be found at: https://www.upfiring.com/documentation.html
Best 6 Wallet For Storing Upfiring
The Upfiring is based upon the Ethereum blockchain and works on the Proof of Stake approach. The UFR coin being an ERC20 token is supported by all wallets supporting Ethereum by design. Upfiring uses Ethereum’s smart contracts to provide live, peer-to-peer, decentralised, secure, and robust betting platforms for users.
1. Exodus Crypto Wallet
Exodus allows you to secure, manage, and exchange your favorite cryptocurrencies like Bitcoin, Ethereum, Ripple, and more from a beautiful, easy to use wallet that puts you in control of your wealth.
Manage your wealth in a blockchain wallet that combines solid engineering and beautiful design in the form of live charts that update in real-time.
Buy and sell one digital asset for another without having to go through centralized exchanges. Exchange cryptocurrencies in just a few taps from the comfort of your wallet while maintaining privacy and control – no signup needed and you control your private keys.
2. Coinomi Wallet
Coinomi is a mobile wallet. It is a multicurrency wallet and supports forked coins. Coinomi also supports the ERC20 coins and is backed by a very good community of developers. It stores all your private keys securely within the wallet itself and you have full control of your funds. It is an HD wallet protected by a PIN code, a seed code and a passphrase feature. However, you have to activate its token feature by adding your set of tokens. You can download the Coinomi App into your Android phones. The iOS version will be launched soon.
3. Metamask Wallet
MetaMask is a bridge that allows you to visit the distributed web of tomorrow in your browser today. It allows you to run Ethereum dApps right in your browser without running a full Ethereum node. MetaMask includes a secure identity vault, providing a user interface to manage your identities on different sites and sign blockchain transactions. You can install the MetaMask add-on in Chrome, Firefox, Opera, and the new Brave browser. If you’re a developer, you can start developing with MetaMask today.
MyEtherWallet is an open source web wallet and its user interface is very easy to use. It is completely secure as it is an offline wallet and it stores no personal information or data of its user in its server. Users have full control of its private keys and hence it is very secure. MEW is a hot wallet so it is recommended not to store large amounts in this wallet. However, it can be used along with Ledger Nano S and in that case it comes completely secure and can store bigger amounts of funds. MyEtherWallet can also be used to store coins on Trezor and Ledger Nano through its web browser.
TREZOR is a Bitcoin hardware wallet and launched in August 2014. It was the first Bitcoin hardware wallet, offering secure cold storage plus the ability to spend with the convenience of a hot wallet.
TREZOR is a small, key-sized device which connects to your computer with a USB cable. It stores your Bitcoin and cryptocurrency private keys offline and signs transactions. It can be safely used on a malware infected computer.
6. Ledger Nano S:
Ledger Nano S is a hardware wallet that can easily be plugged into any USB port. It supports multiple coins and tokens. It has an OLED screen and a side button on the device. You can use the button to view and check all your transactions and your balance in the wallet. It is backed by a great support team and is constantly under development and will include more currencies in the future. The security features are quite strong in Ledger Nano. It is secured by passphrases, PIN codes and seed keys that makes it one of the most popular and secured wallets in the ERC20 platform
Tips for securely storing your Upfiring
- Do your own research. Upfiring 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. Upfiring 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.