Crypto Academy Season 3 Beginner Course: @wenceslaowi || Task 6: Types and Uses of Blockchain Wallet

in SteemitCryptoAcademy3 years ago (edited)

Hello friends,today I have talked about the wallet, how to install the wallet and many other things about the wallet in this lecture. Here now I am going to write homework for @sapwood.

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How do you store / protect your keys? What are the different forms of private key (examples / screenshot)? Download and install TronLink Wallet (Android / iOS / Extension)? How is the key saved (Hint: write it down in a notepad, demonstrate with examples)? With what key shape are you comfortable handling your TronLink wallet? Include screenshots and hide / blur sensitive information.

How do you store / protect your keys?

On a centralized platform, it's somehow attainable to recover your lost password. you'll be {able to} recover the keys in any manner as a result of there's a 3rd party that helps you recover your keys. however on a decentralized platform, losing your password and keys once means losing them forever. If you lose your keys, you'll not be able to get them back in any way. All the work and knowledge that you simply have done on your account is wasted. that's why it is important to stay a secure backup of your keys. So if you lose your keys in any way, you'll be able to get them back from the backup file.

I continually keep two to three backup copies of my keys. 1st I actually have a USB. therein USB I keep all my password. All the keys from totally different platforms are hold on there. each features a separate folder therefore you can simply get them back if I lose them. Second, I inscribe my keys my way. As if the key was "backup", i'd sort the key as "267yuI7886" and send the file to my alternative email address.

I don't believe the least bit to store keys online like on your google drive. I desire the net strategy may be a bit risky. as a result of once somebody has access to your online storage address, they may have access to all or any your keys and will misuse your accounts. Hacking is possible, therefore keeping the backup offline is a safer way.

I actually have a diary, all my personal details are written there. I keep that journal privately in my sleeping room closet. I continually write all my keys and arcanums therein journal. just in case of losing your password and having hassle obtaining the net backup, it'd be straightforward to disconnect them from that journal.

however the safest manner of all time is to con the keys. keep a backup of your keys in your mind. Then there'll be no risk of losing or stealing them.

What are the different forms of private key (examples / screenshot)?

There are 3 varieties of non-public key. Let ME make a case for all of these one by one

Mnemonics:

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Mnemonic may be a cluster of random words. whereas signing up for Tron wallet, a page seems wherever regarding twelve words are typed. you may be prompted to create a backup copy of that file. as a result of next you will would like them. therefore continually try and write the mnemonic in your secret diary. therefore you'll access them whenever you want. this can be the primary private key that's given to the user throughout the registration process. you'll use method to vary all alternative passwords later whenever you want. you'll even get your account back with the assistance of the method. Let ME show you what the mnemonic appearance like.

Private key:

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In the mnemonic case, we have observed that only the words are grouped. But in private key, we have a combination of alphabetic and numeric digits. The private key is a combination of lowercase letters and numeric digits. The alphabetic and numeric digits are written in a special format and you can use this private key to access the wallet or account. Let me show you what the private key looks like.

Keystore file: :

it's the rarest private key. in contrast to method and the non-public key, this key consists of letters, digits, commas, sq. brackets, and plenty of alternative signs. it's quite troublesome to write down this way of key on paper as a result of there are many tiny signs and notwithstanding only 1 is lost, everything that's written becomes a waste. Therefore, it is most popular to store online. you'll be able to shorten the screen and store it within the place you think that is safest. I typically save the short screen to my USB arcanum/password (where all passwords are stored).

Download and install TronLink Wallet (Android / iOS / Extension)?

I will tell you the best way to download and introduce TronLink Wallet bit by bit.

1)Go to the play store and search for Tronwallet.

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2)Once the download is finished, you would now be able to introduce the tron ​​wallet. At the point when you first open the Tron application, three choices will show up at the lower part of the page. The first is Create account (when you don't have a record in the tron ​​wallet), the second is Import account (in the event that you as of now have a record, you can import utilizing the keys you have) and the third alternative is cold wallet (disconnected). You can pick any of them relying upon the circumstance. I will pick Create account.

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  • Click the OK button

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3)Set username and private key. The secret word should comprise of 1 capitalized, 1 lowercase, 1 digit, and something like 8 characters.

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  • Since I have it direct, it comes out immediately to enter the private key.

4)just by following the means over, your record will be made.

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How is the key saved (Hint: write it down in a notepad, demonstrate with examples)?


They gave me a document of Mnemonics . Allow me to show you how I have gotten them.

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I have given you the 12-letter mental helper during the enlistment interaction. As it is beyond the realm of imagination to expect to abbreviate the screen because of security issues, I snapped a picture of that page from another portable and saved it on my USB. Presently I will recover the memory helper whenever from that USB. I likewise compose it in my diary. So you can detach it as well.

With what key shape are you comfortable handling your TronLink wallet?

Should you pick one of the private keys noted above, it might in reality be a mnemonic. Mnemonics are simply alphabetic letters. You can effortlessly memorize them and write them by and large with none errors due to the fact it's far simple. But if we communicate approximately private keys and keystore, each aren't simply letters. These are mix. The personal secret is a mixture of alphabetic letters and digits. While the keystore secret is a mixture of letters, digits, commas, parentheses and lots of different symptoms and symptoms which can be very tough to memorize. So I will decide on the mnemonic shape of personal key.

Conclusion

In this lecture, I actually have discovered approximately private keys. There are 3 varieties of private key. It may be very essential to hold a totally stable backup of all keys, as when you lose them, there may be no manner to get them again on a decentralized platform. Therefore, continually hold a backup of your personal keys and all different keys. Then I discovered a way to create an account withinside the Tron wallet. It became so easy and easy. Thank you very much @sapwood for giving such an informative conference.

Thanks

@steemblog
@sapwood


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Hello @wenceslaowi , I’m glad you participated in the 6th Task of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:

CriteriaRatings
Presentation / Use of Markdowns1.5/2
Compliance with topic1.5/2
Spelling and Grammar1.5/2
Quality of Analysis2/2
Originality1.5/2
Total8


Recommendation / Feedback:

  • The student have completed the assignment for this lesson.
  • The student also answered all the questions in his/her own words.
  • Your overall presentation is good. But you need to improve your writing skills by working on your markdown styles.

I'm impressed with your submission. You wrote in simple terms and in clear language.
Thank you for submitting your homework. task 6. We hope to see the rest of your submissions.

This post contains spun content. Original content is by @hibbanoor.

Original post link : https://steemit.com/hive-108451/@hibbanoor/crypto-academy-season-3-beginners-course-task-6-by-hibbanoor-blockchain-wallet-types-and-uses


Screenshots of @wenceslaowi ‘s post;

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Screenshots of @hibbanoor ‘s post;

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