STEEMIT CRYTPO ACADEMY - BLOCKCHAIN WALLET- CHAPTER 3: @fluzzy HOME TASK

The session @sapwood had with us was so enlightened and we'll understood. Letting me know more about blockchain wallet.

1. HAVE YOU EVERE USEDA HARDWARE/SOFTWARE WALLET? WHICH ONE IS A BETTER SECURITY ADVANTAGE?

Yes, I have used a hardware wallet

(e.g hardware device such as flashdrive e.t.c) software wallet (such as Tronlink, coinbase, luno e.t.c). A hardware wallet has a better security advantage than software wallet.

2. WHAT ARE THE IMPORTANT POINTS TO CONSIDER WHEN YOU DEAL WITH AN EXCHANGE (CENTRALIZED AND DECENTRALIZED WALLET)? HOW DO YOU SECURE/RESTORE BOTH TYPES?

CENTRALIZED WALLET:

The trading volumes are concentrated. Easy registration. Buying/selling/deposit/withdrawal are convenient.
Centralized wallet can only be accessed with a login details i.e keys and can't be easily restored.

DECENTRALIZED WALLET:

You have absolute control of the wallet. It fulfills a short term objective. Easy to regain if lost phone or forgot password.
Decentralized wallet can be restored or secured through email you put while creating an account or by any means of identity used while creating account.

3. GIVE EXAMPLES OF A WEB 3.0 WALLET AND WHAT ARE THE DISTINCT USES OF A WEB 3.0 WALLET? HAVE YOU EVER USED ANY WEB 3.0 CRYPTO WALLET? EXAMPLES?

Tronklink , Metamask and Trust wallet

Uses

They are compatible and operate using smart contract.
Interact with other dApps.
Key based wallet.

Yes, I have been using a web 3.0 wallet for a very long time now.

Examples;

Tronlink

Trustwallet.

So happy participating in the home task given by @sapwood

@steemcurator01
@steemcurator02