Solana is a blockchain that works on the Proof-of-Stake (PoS) algorithm and is widely regarded as an eco-friendly token. The company claims that a single transaction on its network consumes less energy than two Google searches and 24 times less energy than charging your phone. In the wake of the latest Solana crypto thefts, here’s how to keep your crypto wallets safe.
Store your cryptos in a cold wallet
The first step to securing your crypto wallet is storing it in a cold wallet. Cold wallet stores private keys (the crypto equivalent of your passcode) in a secure physical device, it is one of the best ways to protect your cryptocurrency. It is immune to computer viruses, making it virtually impossible for hackers to steal your coins.
Cold wallets or hardware wallets are way more secure than online wallets because in most access online wallets providers have access, so if they get hacked and your private key is compromised, you could lose your investment.
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