Crypto Academy Season 3 Beginners' course - Task 6: Blockchain Wallet Types, Uses and Installation|| by @allan.fakeer

How do you store/secure your keys? What are the different forms of Private Key (Examples/Screenshot)? Download & Install Tron Link Wallet (Android/iOS/Extension)? How do you store the key(Hint- write it down on a notepad, demonstrate it with examples)? Which form of the key are you comfortable with to handle your Tron Link Wallet? Include Screenshots & hide/blur the sensitive information.

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Introduction

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This is the great lecture on Blockchain wallets. In this post we learned many things about different types of wallets. We also learned about different forms of private keys. Also leaned about how to configure Tron link wallet on the desktop. Learned about the best way to store the passwords and keys. At the end post professor gives question for students. I try my best to answer the required question. Let’s start.

1. How do you store/secure your keys?

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The people who attached with the blockchain and wallets, are familiar with the importance of private keys and wallet security. When we create a wallet, it consists of different types of keys. These keys are for accessing our wallet and restore our wallet.
Different people use different techniques and method to store and secure the key. I store and secure the by write it down on my password book physically. In this physical method there is no chance of hacking. No one can steal your keys online because these keys are store on physical medium.

2. What are the different forms of Private Key(Examples/Screenshot)?

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There are three types of Private key as we leaned in the lecture. We will discuss one by one.

• Private Key

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This is type of key that is created randomly by using the cryptographic functions. This is consisting of Alphanumeric Characters. Using this key, we can access and unlock our wallet and perform activities in wallet.
Example
4CFE51F09830AN03D721EE49B196F8A33QQ273C2679764B06B1902B519A5B305


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• Mnemonic Key

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It is also a type of private key. In this type keys are in the form of phrases that are called Mnemonic phrases. We easily understand, read and memorize. Generally, there are 12, 15, 18, 21 and 24 phrases in the mnemonic key.
Using this key, we can restore and reset our wallet password. When enter mnemonic key, here we make sure that entering phrases are in the correct order. If the order of these keys are not matches then we are not able to restore our wallet.
Examples:

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• Keystroke File

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Keystroke File is also a type private key. In this key file code is written in the JavaScript Object Notation form. This keystroke file itself is not only a private key. When we create a wallet then we choose keystroke as private. Next, we enter the password. This password and Keystroke File both together formed a private key.

Source

3. Download & Install TronLink Wallet(Android/iOS/Extension)?

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I choose mobile for installing and creating Tron Link wallet. For this purpose, there are following Steps that I take for installing Tron Link.
Step:1

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• Go the Google Play store.
• Search for the Tron Link Wallet.
• Click on the install Button.

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Step:2

• Click on the Create Account Button.

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Step:3

• Enter the user name.
• click on the Next Step Button.

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Step:4

• Enter the password that require one capital letter, one Lower case letter, one number and 8 Characters.
• Re-enter the password for confirmation.
• Click on the Next Step Button.

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Step:5

• This screen is about saving the mnemonic key for backup.
• Click on the Back up Now Button.

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Step:6

• Here are my Mnemonics keys. That I stored in my notepad physically. Take a screenshot is risky process.
• Make sure you write the correct order.
• Click on I have saved it securely Button.

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Step:7

• Here the application asked for click the phrase that are place on the 11 number.
• This process done one or two time.
  When we click the correct order tab then our wallet is automatically created.

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Here you see the my Tron Link wallet is created successfully.

4. How do you store the key (Hint- write it down on a notepad, demonstrate it with examples)?

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I use physical node pad for storing my keys. In the previous question, I configure Tron Link Wallet. In this process, I choose Mnemonic keys for restoring and accessing the wallet. Here is the example, that how I write Mnemonics key on physical paper.

5. Which form of the key are you comfortable with to handle your TronLink Wallet? Include Screenshots & hide/blur the sensitive information.

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There are three of private keys, private key with alphanumeric characters, Mnemonic keys and keystroke file. Here I am comfortable with Mnemonic keys are comprises of phrases. This is because these phrases are easily understandable, readable and memoizable. I can store and save easily. I use Mnemonic keys to restore and accessing my wallet.

Conclusion

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In this post we learned about the types of private keys like Mnemonics keys and Keystroke keys. These keys are very important to access and restore the wallet. Next, we learned about how to configure Tron Link wallet on your mobile. Next, we learn about how to store and save our private keys, write on the notepad physically is the best way to store and save the keys.

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Cc:
@awesononso
Thank you

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Written by:
@allan.fakeer

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