Crypto Academy / Season 3 - Beginners' Course - Task 6: Blockchain Wallet- Types, Uses, Installation, etc / Homework Post for Professor [@sapwood]

in SteemitCryptoAcademy3 years ago

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Background

1) How to store/secure your keys?forms of Private Key (Examples and Screenshots)? Downloading & Installation of TronLink Wallet (Android-iOS-Extension)? How i stored the key (Hint- writing it down on a notepad, demonstration with examples)? The form of the key am comfortable with to handle my TronLink Wallet?Screenshots included & sensitive informations hidden.

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How to store/secure your keys?

Storing or saving ones wallet keys is very essential and keeping it in a secured place is a good one. There are ways to store these keys. One of the ways, is by writing it down on a book or diary and keeping it in a safe place where no one will be able to access it. Also it is not safe storing your keys in your email, it is not advisable. There are so many ways of storing these keys, it all depends on the one that best suits you..in all, always make it safe and hidden from others

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keys?forms of Private Key (Examples and Screenshots)?

The Forms of private key are:

  • Mnemonic key(Seed phrase)
  • Private Key
  • Keystore file

MNEMONIC KEY (SEED PHRASE)

The Mnemonic phrases are readable kind of private keys. Users will be able to recover their lost accounts and sign transactions making partly use of their mnemonic phrase. This kind (Mnemonic or seed phrases) can be from 12 to 25 length of words based on the blockchain ecosystem. Any app can develop its own mnemonic phrase for security reasons. The mnemonic keys are human readable and also not difficult to remember as well.

Example;

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source

PRIVATE KEY

Private key is just like a password. It is a combination of both numbers and letters together which grants the user permission to mange and access crypto funds. Just like any password, make sure to keep them safe.

Example;

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source

KEYSTORE FILE

Keystore file can be defined as an encrypted kind of a private key which might be password secured and it's used in its place. They are files with JSON format which means, JavaScript Object Notation. With it's filename normally in the format UTC +. A keystore file can also be referred to as JSON.

Example;

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source

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Downloading & Installation of TronLink Wallet (Android-iOS-Extension)? How i stored the key (Hint- writing it down on a notepad, demonstration with examples)?

1) Launch Google play store and search for Tron link wallet
2) Install.

3) After the app is being installed proceed to create account
4) Accept user privacy agreement

5) Put your desired username and proceed
6) Set your password for your account and also pay attention to what your password should include.

7) confirm your password.
8) Carefully backup or save your mnemonic and keep it personal. So proceed to click back up now..After you must have backed it up somewhere safe for you.

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9)Click on I have saved it securely.

  • Confirm your mnemonic phrase.

  • Your account have successfully been created..you can now proceed to the home page.

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How i Store the Key?

When creating my account I backed it up in a book and hide it in a safe place.

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The form of the key am comfortable with to handle my Tron Link Wallet?Screenshots included & sensitive informations hidden.

The form I think am comfortable with is the mnemonic key, is understandable to me and is easy to memorise it without looking at a book.

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Thank you professor @sapwood for the lecture.

Sort:  

Hello @obikay,
Thank you for taking interest in the 6th Task of the Beginners’ class. Your grades are as follows:

CriteriaCalculation
Presentation/Use of Markdowns1.2/2
Compliance with Topic1.3/2
Quality of Analysis1.2/2
Clarity of Language1.5/2
Originality1.5/2
Total6.7/10

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Feedback and Suggestions
  • You did not properly answer the first question. You were supposed to state how you secure your own keys.

  • The screenshots are inconsistent.

  • Some of the statements are also not very clear.

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Thanks again as we anticipate your participation in the next class.

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