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MyCrypto.com – a new MyEtherWallet?

Tuesday, February 13th, 2018 | bitcoin updates

Articles read aloud: A look at the interface of MyCrypto.com can be quickly associations with the well-known site MyEtherWallet arise. In fact, Taylor Monahan is one of the first-generation developers on board. Can one trust this site and what does that mean for those who used MyEtherWallet so far? Those who are more likely to deal with ethereum-based tokens will most likely know MyEtherWallet. It is an interface for managing your own Ethereum wallets. Since the emergence of the ERC20 tokens, many Ethereum-based tokens have also been produced and sold to interested investors. The management of these tokens can also be done via MyEtherWallet. You can also create your own wallets via MyEtherWallet. For many, this website also helps to manage the Ethereum funds in a hardware wallet or MetaMask account. Overall, MyEtherWallet enjoys great popularity and is used by many. Conveniently, Taylor Mohanan, one of the co-founders behind MyEtherWallet, set up a new website called MyCrypto.com on February 9, using @myetherwallet's Twitter handle in @ renamed mycrypto and set out the reasons in a detailed media post. Especially the change of the Twitter handle caused a lot of controversy in the community and has since been reversed. In summary, one can say that in her opinion MyEtherWallet is not well positioned for organic growth and that should change with MyCrypto.com. She distances herself from MyEtherWallet and starts her own, very similar project. Kvhnuke, the second co-founder of MyEtherWallet, has also commented on this. The tone was overall very factual and friendly. Even though he realized that he was surprised by Taylor Mohanan's decision and absolutely could not approve of the Twitter account's name change, he still wishes all the best for Taylor and her team. What does this mean for users of MyEtherWallet? that you can now choose between both services. It is important to emphasize that the statements made by Taylor Mohanan and kvhnukes show that the website was not corrupted or hacked. In that respect, the service can be used again. Of course, with MyEtherWallet, it's a matter of prudence. Finally, if you want to get the funds behind a private key or a keystore file, the disclosure of the same is required. In both cases, however, it is emphasized that no private keys are stored and, since the projects are open source, everyone can convince themselves of the correctness of this statement. MyCrypto.com is currently MyEtherWallet in green. Of course, there are some concerns in the community as to whether to believe in a project that has been so abruptly formed by splitting off (and theft of the Twitter handle). Here MyCrypto.com will have to prove first. Surely one can test with Funds, which one can risk, the spin-off of MyEtherWallet. There is currently no reason to do so, however, as the site does not offer any features that would make it stand out from MyEtherWallet.BTC-ECHO Philipp GieseDr. Philipp Giese works as an analyst for BTC-ECHO and specializes in chart analysis and technology. In addition, he is actively involved in the crypto community – both online as a central contact person in the slack channel of BTC-ECHO and offline as a speaker and interviewer, he always maintains an exchange with startups, developers and visionaries. The PhD physicist can draw on many years of professional experience as a project manager and technology consultant. For many years, Philipp has not only been enthusiastic about the technological dimension of cryptocurrencies, but also for the underlying socio-economic vision. Philipp Giese


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