The pros and cons of KeePass V2 and V1 have been discussed previously.
Finally I have decided to switch allegiance to V1. What sways me over is the problem in V2 needing .Net framework 2. While progressively more and more machines are running Windows Vista or Windows 7, but there are still plenty of WinXP machines out there.
In fact, I was using one that does not have .Net Framework 2 and I was going to use to configure my modem/router. In that situation, I could not use my KeePass v2 database and I did not feel like installing .Net Framework 2 just to run this program. It is kind of defeating the portability advantage of KeePass.
With XP, you cannot count on it having a .Net Framework 2 on it. Without it, your KeePass V2 database is as good as corrupted.
To avoid being left out in the cold, I exported the KeePass v2's kdbx file format to KeePass V1 database format and use the V1.17 instead.
Performance-wide, it starts a lot faster. Until the day when .Net Framework is so widespread that it is not a issue or KeePass organization stops maintaining V1, I will then upgrade to V2.
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