Blockchain Wallet(Types, Uses, Installation) - Steemit Crypto Academy Season 5 - Homework Post for Task 9.
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Task 9
HOW DO YOU STORE/SECURE YOUR KEYS?
WHAT ARE THE DIFFERENT FORMS OF PRIVATE KEY(EXAMPLE/SCREENSHOT)?
DOWNLOAD & INSTALL TRONLINK 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 TRONLINK WALLET? INCLUDE SCREENSHOTS AND HIDE/BLUR THE SENSITIVE INFORMATION.
Keys are code encryption used to assess your crypto assets. These keys are meant to be kept secret as it serves a means of security to crypto assets. As I don't trust myself so much because I have lost my steemit keys which I have to open a new steemit account, I have saved my keys to my desktop and backed up to my Google drive . They are many ways to save your keys. Which some of them are :
You can store your private or mnemonic keys in a MS file or pfds which is quite different from digital Offline storage:storage eg. floppy disc storage.
It's capable of holding your private or mnemonic key either temporarily or permanently. It's a very good means for storage of private or mnemonic keys.
This is type of storage which must plugged in to the computer in order to gain access to the information on the storage medium, in this case , a private or mnemonic key. The user can keep store his or her mnemonic key in a pdf document and encrypting in his USB drive.
Private/ mnemonic keys can be stored in the internet in order to keep it safe.
DOWNLOAD & INSTALL TRON-LINK WALLET(ANDROID, IOS, EXTENSION)
To download the Tron-link wallet you have to go to google play store and install it. The image below shows the app is already downloaded, then you click open.
HOW DO YOU STORE THE KEY (HINT- WRITE IT DOWN ON A NOTE PAD, DEMONSTRATE IT WITH EXAMPLES)?
After I downloaded the app, I proceed to account creation which I was told to copy the mnemonic keys and advised not screenshot or share the information with anybody but my self.
The image above shows the mnemonic key which I was given instructions to write down the letters accordingly to login into my wallet.
After inputting my private key, my wallet is now secured for my assets, I have to save my private key in a WPS file offline and in the cloud online.
I set up a fingerprint sensor security lock which gives only me access to my WPS file.
The images shown above in this very question part otherwise asserted are screenshots from “Trust wallet app & “WPS” respectively.
The different forms of private Key which we can used to access crypto assets.
Private Key are set of alphanumeric character, that is created by using cryptographic function whenever you open a Blockchain wallet.
An example of private Key
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It's very vital to keep the keys safe because it has the ability to move your assets from one wallet to the other.
Also known as seed key which can also perform the function of a private key, they use BIP-32, BIP-39 specifications and very easy to handle. Their mnemonic phase are about 12, 15, 18, 21, 24 words long. It can be used to restore a wallet and also restore passwords. It's very advisable it to pay attention to the mnemonic phrase when you store it.
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These mnemonic phases should be kept safe and shouldn't be shared with anyone because this combinations have the power to access your wallet.
Keystore File:
This is similar to to private key or mnemonic key but differs from private or mnemonic key In a way that password is required to restore your wallet with a keystore file.
Which form of the key are you comfortable with to handle your TronLink Wallet? Include Screenshots & hide/blur the sensitive information.
I prefer mnemonic key because it very easy to store and very accessible . The mnemonic phrase are memorable and presentable, I wrote it down for storage because of I don't trust the human brain.
Here's my mnemonic key I stored in my notebook.
I intend to keep it safe.
I have learnt through this course how to secure and store my keys, also I have expanded my knowledge on the different forms of private keys which I prefer mnemonic key because it's very easy accessible.
Lastly I want to say a very big thanks to @sapwood for this very educative assignment which I learnt alot private keys.