Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK

Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by staplers on Friday January 26, 2018 @01:05PM (#16241370)

  The idea that one must download the entire blockchain makes maintaining a wallet very difficult

Totally false. There are plenty of wallets that allow you to connect to a decentralized network of servers hosting the blockchain.

Electrum, Multibit to name a few.

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Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by 52-6F-62 on Friday January 26, 2018 @01:27PM (#16241574)

For Ethereum as well— the official wallets will let you run them in light mode which brings the chain size from approaching 100GB down to a few GB

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Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by ReverseCold on Friday January 26, 2018 @01:34PM (#16241634)

NEM (the coin that was stolen) doesn't make any local wallet user download the chain. Instead, it uses a client server model.

As such, the wallet is super lightweight and easy for an average user.

Doesn't protect you from exchange hacks though.

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Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by tomc1985 on Friday January 26, 2018 @01:10PM (#16241416)

maybe, but I don't recall encountering any of these years ago

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Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by staplers on Monday January 29, 2018 @12:52PM (#16259198)

They have been around for over 5 years. I used them 5 years ago..

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