MyEtherWallet vs MyCryptoWallet Explained
The team behind MyEtherWallet (MEW) has now moved to MyCryptoWallet, a new website created by one of the co-founders of MyEtherWallet, Taylor Monahan.
The reason for this split is unclear and this has only been exacerbated by the lack of transparency leading up to this change.
There is documentation for the dissolution of MyEtherWallet back in late December of 2017, so this isn’t exactly news for the founders of that company.
The users of MyEtherWallet however were pretty much left in the dark until the switch was made apparent on the social media platform Twitter and all of it’s dramatic glory.
Basically Taylor decided to change the name of the MyEtherWallet twitter account to MyCryptoWallet, taking with it all of the followers that she had accrued during the past years maintaining the Twitter account for MyEtherWallet. She then gave the MyEtherWallet twitter handle to Kosala, but this time, without the thousands of followers. Kosala than seized the opportunity to cause some FUD about the newly formed MyCryptoWallet.
To be honest, the FUD worked because of the complete lack of communication from Taylor.
If you’re a user of MyEtherWallet, I believe it is still functional and your funds are still available.
But if you’re wondering which of these sites will continue on, or if they both will, then I highly suggest taking a look at a couple things.
- First look at GitHub, check the activity for both of these projects (Links down below)
- Second, check what kind of team is behind each project.
You might find that MyEtherWallet has gone a bit quiet lately since this switch, and you might also find that the team of MyEtherWallet has also switched to MyCryptoWallet.
I get the feeling that MyCryptoWallet will continue to move forward and make strides toward providing a platform that serves the users of Ethereum. The future of MyEtherWallet will remain to be seen, in my opinion, that one depends Kosala being able to get a team together that competes with MyCryptoWallet.
That being said, I have to say that both parties involved with this drama should have, and certainly could have approached this change in a much more professional manner. Unfortunately the users are the ones who suffered from the resulting drama.
Additional Info/Sources:
MyEtherWallet Website
MyCryptoWallet Website
MyEtherWallet Dissolution Doc
MyEtherWallet GitHub
MyCryptoWallet GitHub
In-Depth YouTube Vid on this Matter
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[-]heiditravels you want to go...
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Education in Patriotism
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cool
nice
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Keep it up!
The Crypto Crazies!
Are my ETH still safe in MyEtherWallet?
Yes
So much random drama
And people wonder why cryptocurrency isn't ready for the masses to use it...
Once again, like the drama around the EtherDelta hack, the flawed centralized connection of dApps and crypto utilities to the real world via DNS, social media accounts, email etc. is the cause of disruption and FUD for actual users. This kind of thing needs to end, like yesterday.
Anyway thanks for posting about this @heiditravels - even though I'd already heard about it I'm sure many have not. My personal tactic for using MEW was to download the code directly from Github, running it locally in my browser. I guess I will have to be careful about which version I use in the future - or just keep running the code I have which works fine for now.
Yeah, in fact always pay attention to the links posted by pseudo-experts.
Second that. Didn't even know any of this had happened! Have any of you used Eidoo?
thanks for the update. bye bye mew
Interesting...I didn't want to even consider to change my cryptos from myetherwallet, but now I have to take a good look on this new platform. Thanks!
MEW just generates ETH addresses. You can then import this address to another wallet if you so choose, but this doesn't affect the safety of your coins whatsoever if you've already stored them in a generated wallet and you've safely stored your private keys and password.
If you have your private keys than you don't care if they fight each other...
@heiditravels Thank you for bringing this MEW news to us. I have a question if you care to give us some input on the subject. My question is about Litecoin and news of an upcoming fork for Litecoin Cash. Do you think it is an actual event that will occur or some type of SCAM ????
At the moment litecoin cash is asking for private keys, just like with bitcoin litecoin can be forked at any time into alternate blockchains thats all that is happening here but like bitcoin litecoin forks will come with their risks of giving up keys
@bitcoinflood Thank You for your input. I have been going around for the last week listening to different sources that I have respect for and trust and they seem to think that we will receive 10 Litecoin Cash for each Litecoin we have when a Fork occurs.............
yup that's correct it is set for a 10:1 split
really
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