Crypto Academy Season 4 Beginners' course - Task 9: Blockchain Wallet-- Types, Uses, Installation, etc.by @dequeen
INTRODUCTION
Wallet first of all is where an individual or user of cryptocurrency save their assets due to the high security level it has, In this tasks I will be answering question about exchange, wallet and how to link a tron wallet.
Question Number 3
How do you store/ secure your keys.
When I was doing my achievement 2 I was enlightened about my keys safety.
I will secure my keys in my device my saving it ad draft in my email account, and also as a draft in my inbox not only that I also save it in cloud.
My keys are also save by writing it out into a 5 different paper and keeping it differently in the house one in my room another in order room I make sure I have a metal box to prevent it from damage easily or possible outbreaks i know the metal box will not be easily damage.
I do all this because I really went through the steemit term which says they are not responsible for lost password and once your password is gone the account is also gone.
What are the different forms of Private Key(Examples/Screenshot)?
We hav basically 3 forms of private key and there are.
- mnemonic key
- private key
- store key file
- MNEMONIC KEY
This is the simplest of all keys because this type of keys is readable and can memorize easily.
It is a 12-24 words that can be memorized and the are neatly arranged in rows and column
This type of key is found when tron link wallet is created.
Example of screenshot
PRIVATE KEY
The private key are key that has a mixed up of both the number alphabet and number and the letters will be both lower case and upper case.
This 2 things(numbers and alphabet) are fixed that it is not memorized. Here in steemit we make use of this type of key we have so many key in steemit that are like this such as the private posting key, private active key, master key etc.
KEY STORE FILE
This is the type of key that is not easily memorize or read, it is very complicated and scary, it is the hardest of all the keys.
This type of key has to do with the combination of 3 things which are the number,alphabet(upper and lower case) and symbols making it hard to memorize even to write it down is not advice due to rhe risk that you may miss one of the thing and you lose the account instantly.
It is the that exist in JSON file .
It is advisable to be save as draft due to how long it is.
DOWNLOAD & INSTALL TRONLINK WALLET(ANDRIOD/IOS/EXTENSION)
I will be showing steps for the tronlink wallet to be installed
Step 1
Here, I will first go to my phone goggle playstore.
[Screenshot from my phone]
Step 2
I will clock on the playstore there I will see a search space where I will type tronlink for it to pop up.
[Screenshot from playstore]
Step 3
After it open I will see a space that require me to install the wallet and I will need 24mb to do that.
[Screenshot from playstore]
Step 4
After installation, I will see a play to open which I click on.
[Screenshot from playstore]
Step 5
This is how it will display when it open we will see a place to create account,import account and cold wallet.
[Screenshot from tron link app]
Step 6
After creating clicking on create account, I will have to accept the agreement.
[Screenshot from tronlink wallet]
Step 7
After I agree, I will create a username which is 1 out of the 3 step to complete.
[Screenshot from tronlink wallet]
Step 8 (a)
2 out of the 3 steps
You will have to put a password of your choice which should be a combination of both lower case, upper case and number
[Screenshot from tronlink wallet]
Step 8 b)
And I fullfill the requirements of putting the required password
Step 9
The ask us to reput the password for confirmation and this is the last stage 3/3 then confirm
[Screenshot from tronlink wallet]
Step 10
Here we are ask to backup the mnemonic key and we will be advised to write it down for safety after that back up now
[Screenshot from tronlink wallet]
Step 11
The mnemonic keys is sent
[Screenshot from tronlink wallet]
Step 12
We reconfirm the mnemonic key
[Screenshot from tronlink wallet]
Step 13
Finally
I have been able to install and open a tronlink account
[Screenshot from tronlink wallet]
HOW DO YOU STORE YOUR KEYS
I will prefer writing it down in my jotted then I put it in a metal box to prevent fire damage, I will not use only one but I will use like five jotter and keep it in different room in the house so that incase I can not see one fast I check out for another
THE KEY AM COMFORTABLE WITH TO HANDLE MY TRONLINK WALLET
I will be comfortable with the mnemonic keys due to the fact that it is readable and simple to memorize, I can alway abbreviate it to remember fast compared to the other 2 keys that are combination which I can alway make mistakes and if I do I lose my account and fund which will be painful.
CONCLUSION
The lecture was really interesting because I now know the different form of keys we have and how to create tronlink wallet.
I also know how to prevent my password from missing.
I thank prof @sapwood for this wonderful lectures.
Cc : @dilchamo