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RE: Crypto Academy Week 3 Homework Post for @sapwood Chapter 3 Blockchain Wallet

in SteemitCryptoAcademy4 years ago

Thank you for attending the lecture in Steemit-Crypto-Academy & doing the homework task-3.

However, it is possible to recover them by contacting the support team or simply by retrieving the forgotten password.
But if we have what we want in a decentralized wallet, we will only get back our lost wallet. No permission is required to log in to decentralized wallets.

You gain access to your Exchange wallet using the login credentials(Email/OTP/2FA). So make sure that you are in good standing with your registered Email ID, Mobile Number, and back up the 2FA code.

In contrast, a decentralized wallet can be restored with a private key only. So make sure you have created an offline backup for your keys.

Web 3.0 Wallets are commonly used to use currencies associated with a particular platform.
Below are some Web 3.0 Wallets.

A web 3.0 is seamlessly integrated with the decentralized applications and the interactions with such dApps does not require any manual transaction, the interaction is powered with Smart contract. When you interact such a dApp, it will prompt you to sign the transaction. You remain in absolute control all the time.

TronLink wallet, which is web 3.0 wallet. You should gain web 3.0 experience using this wallet. For example, interact with Justswap or JustLend, or any other dapp of your choice. See how it asks you to sign the transaction at every stage.

Thank you.


Homework Task -3
[2.5]

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