![]() That does not mean we avoid using paper wallets. Food for Thoughtįor contrast think of the paper wallet, arguably the least convenient, slowest wallet. You want to explore alternatives to full-node configuration when wallet convenience and speed are your highest priority. To repeat, for more than just wallet functionality a full-node is good. ![]() Where the immediate tangible gain for a user's experience is in the form of SPV convenience and speed.Ĭonversely then, running a full-node Bitcoin with integrated wallet means sacrificing some convenience and speed for wallet-only functionality. So the primary motivations are concerned with scalability, and consolidating blockchain for multi-user/device scenarios. To put it another way, separating wallet from chain provides the convenience and speed of Simplified Payment Verification (SPV) clients, while keeping most of the benefits and security of running a full-node Bitcoin implementation. Multiple users, each with their own devices and wallets, can authenticate and connect to a shared btcd server. Where the blog entry goes on to elaborate: That functionality is provided by the btcwallet. This means you can't actually make or receive payments directly with btcd. See the blog entry here for more details. One key difference between btcd and Bitcoin Core is that btcd does NOT include wallet functionality and this was a very intentional design decision. Which separates the wallet from the chain as explained by the documentation: To add another piece to the conversation, consider the You want to separate the private key from the bitcoin network.To summarize, reasons against full-node Bitcoin Core wallet: Stigma of open source, and a perception that closed proprietary ![]() Regulatory rules that require SLAs and software support. There can be a tradition of paying for software. I've been in a real-life situation where IĪrgued for not paying, and using open source software. Mobile, it is easier to carry the hw in your pockets.įinally a less obvious point is purchase price, and its relation toĬommercial support. Its responsibility, and it doesn't offer more services from a app storeĪnother result of the packaging is portability. It is single purpose, in that chain services aren't (here it shares similarities with a paper wallet). With this separation, the hw is offline by definition. In other words, the prv is stored inside a closed box,Īnd only permits controlled access. It employs PIN, single purpose, and limited attack surface The whole point of TREZOR is being more secure than a traditional web wallet or desktop bitcoin application. Generate address, handle encryption) shared among wallets, what ![]() Besides standard functionality (create transaction, Hardware Walletįor the sake of argument, take the hardware wallet (hw)Īs the best wallet. Yes, it can be the right tool for the right job. Should I use a full node as my main wallet? ![]()
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