MyEtherWallet (MEW) is an open source for storing Ether and ERC20 released in 2015. The free is now one of the most popular wallets for on the platform. Today, an independent team of developers takes care of the further development of MyEtherWallet and keeps the project up to date with regular updates. MEW is based on Javascript code and can be accessed via a browser, paper , hardware or desktop .
Why MyEtherWallet is so popular
MEW is characterized by a clear user interface and intuitive operation. Especially newcomers to the field of digital will be familiar with the simple interface in a short time and will be able to quickly understand the handling of transactions. Although in most cases access is via browser, MyEtherWallet is not a classic web . The is stored on the browser side and on the own computer and not on the servers of MEW. As with other wallets (list of Wallets), access is via a personal access key (seed), which is unique and should be stored securely.
The stored in the are stored securely on the and the management of the assets can be done conveniently via MEW’s access. MEW automatically calculates the transaction fees that are distributed to the miners to create the blocks. As MyEtherWallet represents the complete platform, all ERC20 developed on the platform can be stored in the . In addition to ’s bridge currency, the ether, this also includes famous such as Coin (BNB), Maker (MKR) and OmiseGO (OMG). The can be accessed via all common (mobile) operating systems. These include in particular the following widely used systems:
- Windows
- OS X
- Linux
- iOS
- Android
- Windows phone
The interfaces of MyEtherWallet
As already mentioned before, MEW offers the possibility to access the classically via the browser, but also via a variety of other options. Especially popular and recommended by MEW is the possibility to create and print a paper . Thus the can be operated completely offline and one excludes a larger risk with the not existing on-line entrance. However, an Internet connection is still required to send a transaction and retrieve the account balance. The outsourcing of the to a so-called hardware is also considered to be very secure. The largest providers in this area are Ledger and Trezor.
A hardware is visually reminiscent of a USB stick and is operated in a similar way. The handling is similar to that of a classic but in a digital way. The wallets can be stored safely on the stick via an associated software, to put it simply, and thus different digital currencies can be stored on the hardware. Only those who have access to the stick and the personal pin can access the assets on the hardware . The administration of a large number of coins and via a common software makes the handling of a hardware very convenient. For some time now, the MyEtherWallet can also be stored on standard hardware wallets via an interface.
Otherwise, the MEW can also be integrated into other software wallets. Especially on multi-coin wallets, the MyEtherWallet’s storage makes handling a large number of coins and particularly easy. MEW offers corresponding possibilities to make integration particularly easy. Scanning the ’s personal QR code is often sufficient to connect MEW to multi-coin wallets.
Security aspects of the MyEtherWallet
In the past, there have been occasional reports of security problems with the MyEtherWallet. Nevertheless, these problems were not caused by the itself but were provoked by large-scale phishing attacks. Fraudsters have reconstructed the MEW website and slightly changed the domain. The Website was distributed afterward by Mailing lists and skillfully put on advertisement in search machines in the Internet and careless users fell on the wrong Website. The operators of the MEW recommend therefore to the correct Website and to pay attention always to the safe https:// and certificate in the address field of the Browsers.
Published at Thu, 23 May 2019 12:30:05 +0000
