There are many lost bitcoins. Some open source wallets

There are many bitcoins lost

Estimates suggest that 20% of bitcoins mined so far were lost. If I'm not doing the math wrong, that's one in five. There are two solutions for cryptocurrency storage; wallets stored on their owners' computers or cloud services operated by third parties.

There are many lost bitcoins. The causes

Kim Grauer, director of research at blockchain forensics firm Chainalysis, stated that an estimated 3,7 million Bitcoin (BTC) (worth more than $140.000 billion today) have been lost.

The most common cause of cryptocurrency loss is users losing access to their private key.the wallet that allows them to operate with the stored funds. Another problem can be due to hardware problems where it is stored.

Other times users send cryptocurrencies to the wrong address. At the moment there is no corrective action to recover these tokens. And, if users die, there is no succession procedure.

Crypto assets are usually considered lost after lying dormant for a set number of years.

Open source applications to trade with Bitcoins

Electrum

Electrum is an intermediate solution between having a local wallet and using an external service. Unlike traditional wallets, it does not store copies of transactions, so it does not take up excessive disk space.

Their characteristics are:

  • Private keys are stored encrypted on your computer, but can be exported for use with other wallets.
  • A secret phrase can be used to retrieve the funds.
  • Balance can be allocated between different wallets.
  • Support for plugins.

Downloads

Linux

Windows

MacOS

Android 64 bit

Android 32 bit

BitPay

Bitpay Wallet (previously called Copay) is a wallet for Bitcoin, Bitcoin Cash, Ethereum and ERC20 with mobile and desktop versions. Bitpay is based on Bitcore Wallet Service (BWS) for peer-to-peer synchronization and network interface.

Their characteristics are:

  • Work with Bitcoin, Ethereum, Bitcoin Cash and XRP.
  • Support for multiple wallets within the same application for BTC, BCH and ETH.
  • Possibility to share wallets and split expenses.
  • Hierarchical deterministic (HD) address generation and BIP32 wallet backups.
  • Private keys are stored locally.
  • Synchronous access across all major mobile and desktop platforms.
  • Testnet wallet support for all supported currencies.
  • Synchronous access across all major mobile and desktop platforms.
  • Payment Protocol Support (BIP70-BIP73): This enables easily identifiable payment requests and verifiable and secure bitcoin payments.
  • Support for over 150 currency pricing options and unit denominations in BTC.
  • Mnemonics support (BIP39) for wallet backups.
  • Paper wallet wiping support (BIP38).
  • Associated email for payments, transfers, confirmations, etc.
  • Push notifications (Only mobile devices)
  • Customizable portfolio names and background colors.
  • Support for multiple languages.

BitPay Wallet is an open source project developed by BitPay and the .BitPay community only offers an iOS version. In Linux, the most comfortable way to install it is through the packages Snap.

To see how to install it on other operating systems you can find instructions on the page GitHub of the project.

bitcoin-core

Bitcoin Core is an open source project responsible for maintaining and publishing the Bitcoin client software known as "Bitcoin Core".

It is a direct descendant of the original Bitcoin client software released by Satoshi Nakamoto after he published the famous Bitcoin white paper.

Bitcoin Core consists of both a "full node" software to fully validate the blockchain and a bitcoin wallet. The project also currently maintains related software, such as the libsecp256k1 crypto library.

In other words, it is much more than a simple wallet.

Downloads

Windows

Mac OS X

linux (tgz)

Linux(ARM)

Linux (PPC)

Linux Risk V

Linux (Snap Format)

Of course, there are no perfect solutions and it is best to make backups of backups.

Do you trade with Bitcoins? If you want, we would like to know which wallet you use.


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