Crypto Academy Season 3 Beginners' course - Task 6: Blockchain Wallet-- Types, Uses, Installation, etc for @sapwood submitted by @beautybb 4/7/21

beautybb (66)Beginner[2,4,5,6,7,9,10]in SteemitCryptoAcademy • 3 years ago

Am grateful @sapwood for all you educative lectures,as a beginner I will keep improving in my cryptoAcademy task, below is my task submission.

HOW DO YOU STORE/SECURE YOUR KEYS?

To keep my private and public wallet keys secured, i will have to store them in a wallet called BLOCKCHAIN WALLET and make use of them when i want to do any crypto transaction.

Blockchain wallet is secured because cyrptography makes blockchain a secured ledger.

And blockchain is an unchangeable digital ledger,no one can tamper or erase any data transactions from it.

DIFFERENT FORMS OF PRIVATE KEYS

Private key;

This key is a string of alphanumeric characters and they are created randomly with the use of cryptographic functions immediately i create a blockchain wallet
Example:

E9873D79C6D87DC0FB6A5778633389

Just like my steemit keys,in order for my account not to be tampered with i kept them safe by not storing them as email,or pictures.

More to that The Private Key is similar to the Signature, OTP, PIN, Transaction Password, It is also used for Authentication & encryption thats the more reason i should keep them safe.

Another private key is known as MNEMONIC KEY;

It is also known as mnemonic phrase,mnemonic passphrase,and seed key.

This is an effective key i like because is easy to handle and can be memorized.
And also its 12, 15, 18, 21, 24 words long.
Example:

source

It can be used to restore a wallet, reset the password, can be used to generate wallet addresses, but i need to always pay attention to the sequence of words when i store it and when i restore my wallet,to help me create a new Wallet account.
Example:
.
From my second device because it cant be screenshoted for security reasons.

Third private key is known as KEYSTORE FILE

This is a private key that doesn't function alone because it needs a my personal password on my phone for my wallet thats why it can be said that key store +my password =private key.

More to that it wil help me to restore my account if i did a backup with the key store file

Example:
source

INSTALLATION OF TRON LINK WALLET

Step 1:

I went to my Android phone playstore app,and searched for tron link wallet.

then i install.

step 2:

After installation i have a page like this

Then i click create account.

step 3:

I will put in my username

step 4:

I will create and comfirm the password

My wallet is almost ready

Finally my tron link wallet is ready

To keep my wallet more secured i have to create a private key
.

My conclusion,i fill more comfortable with the mnemonic key because is a key i can memorize,i can write it down and keep it safe in my house without fear.and i can use it to restore my account whenever anything goes wrong with it.