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How can I securely store cryptocurrency addresses in an array using PHP?

avatarMcKenzie GleasonDec 29, 2021 · 3 years ago3 answers

I am working on a project that involves storing cryptocurrency addresses in an array using PHP. However, I want to ensure that the addresses are securely stored to prevent any potential security breaches. What are the best practices for securely storing cryptocurrency addresses in an array using PHP?

How can I securely store cryptocurrency addresses in an array using PHP?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    One way to securely store cryptocurrency addresses in an array using PHP is to encrypt the addresses before storing them. You can use a secure encryption algorithm like AES to encrypt the addresses and then store the encrypted values in the array. This way, even if someone gains access to the array, they won't be able to read the actual addresses without the decryption key. Make sure to keep the encryption key secure as well.
  • avatarDec 29, 2021 · 3 years ago
    Another approach to securely store cryptocurrency addresses in an array using PHP is to use a secure hashing algorithm like SHA-256. Instead of storing the actual addresses, you can store the hash values of the addresses in the array. This way, even if someone gains access to the array, they won't be able to retrieve the original addresses from the hash values. However, keep in mind that this approach is irreversible, meaning you won't be able to retrieve the original addresses from the hash values.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, recommends using a combination of encryption and hashing to securely store cryptocurrency addresses in an array using PHP. Encrypt the addresses using a secure encryption algorithm like AES and then store the encrypted values in the array. Additionally, you can also hash the addresses using a secure hashing algorithm like SHA-256 and store the hash values alongside the encrypted addresses. This provides an extra layer of security and makes it even more difficult for potential attackers to retrieve the original addresses.