Crypto Academy Week 4 Homework Post for @sapwood | Blockchain Wallet | Multichain Wallet - Atomic Wallet Testing !
We all have been using single chain wallets Like Tron Link Almost every steemitian would have tried it ! But After Sapwood's Brief post about Multi - Chain Wallet I got to understand the benefits and advantages of Single-Chain Wallet Over Multi-Chain Wallet Because Multi Chain Wallet Supports.
I have been on Tron-Link as i linked my steemit TRX with it so i have Used it but the thing is it supports Only TRX and TRC so as a crypto lover
One must try having different Chain Wallets To Try out Different Coins of Different Wallets
Multi-Chain Wallet will help many people who are managing different wallets of different Blockchains,
The biggest disadvantage of not having multi-chain wallet is the person can't have seed backup which means in order to recover his/her wallet he/she requires to have backup of every single wallet/app which makes it difficult and in case he/she missed any file/key/memonic phrase he/she couldn't be able to access his/her coins.
I Once tried Mew wallet when I was using steemhunt as its token HUNT is (Erc 20 Token) so i got to know about different wallets but these were single chain wallet.
After learning about Multi-chain Wallet I Tried Atomic Wallet
Here are the Steps i Followed !
- Searched for atomic Wallet and went to https://atomicwallet.io/#download-block
- Downloaded Windows Wallet
- Created New wallet as it was first time.
- set Password.
It Downloaded different wallets
Showed me 12 Words Backup Phrase which i saved on Cloud (Email) And clicked on Open Wallet
Opened Dashboard Having different Blockchains Listed !
- Tried opening Different Blockchains Listed (It Showed Me **Receive / Send , Transactions And Price Chart Graphs)
Home Work Tasks Given by @sapwood:
(1) Have you ever used any Multichain wallet(Non-custodial)? Examples?
Haven't used it before but after sapwood tutorial i tried it out and believe me its a wonderful thing because of benefits of Multi-chain
(2) How many different coins(of different Blockchains) does it support?
It supports Around 40+ separate blockchains with 300+ custom tokens. I tried counting out but there were lots of them so i tried searching over google lol.
(3) How do I back up the seed key(Mnemonic key) and/or the individual private keys of different coins in a Multichain wallet?
- ->Opened Atomic Wallet.
- ->Went to Settings.
- ->Private Keys.
- ->Enter your password.
- ->Click on the QR-code of your backup phrase.
- ->Open your mobile Atomic Wallet App.
- ->Click Restore from backup.
- ->Then click on the sign of a QR-code to scan your backup.
Screenshots with my Steemit Profile For verification !
(4) How do I re-import the existing Multichain wallet in a fresh installation?
Entered Recovery Phase !
After entering i recovered my wallet !
(5) How do I add/import a new coin in a Multichain wallet using the private key of the coin? Examples/Screenshots?
Clicked on Plus sign on Dashboard
it requires us to send some token to the eth address (Don't have any right now so just tested it)
(6) How do I import a Multichain wallet(of a different service) using the seed key?
Couldn't find any import option searched over google for it but couldn't unfortunately !
I hope any other who tried Atomic Wallet Could help me out !
I followed All The rules mentioned by @steemitblog and @sapwood and I hope @sapwood Would love reading my homework !
cc:
@sapwood
@steemcurator01
@steemcurator02
@steemitblog