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RE: Steemit Crypto Academy | Homework Task 3 For @sapwood |Blockchain Wallet- Chapter-3

in SteemitCryptoAcademy4 years ago

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

These wallets work online. You will find many websites where you can make your own wallet. As Binance, Coinbase, Poloniex, etc.........

Binance, Coinbase, Poloniex, etc are all exchange wallets (centralized) where you don't have absolute control, they are all custodial wallets. In a decentralized wallet, you always have absolute control. The best example of web wallets is Steemitwallet, Guarda Wallet, etc.

This type of wallet works through smart contracts.

That's correct. It is seamlessly integrated with dApps, the interaction with such a dApp is powered with Smart contract. When you interact with any such dApp, it will prompt you to sign a transaction. At any given time you remain in absolute control.

I would love to see your own web 3.0 experience using TronLink wallet. For example, how do you interact with Justswap or JustLend, or any other dApp of your choice?

Thank you.


Homework Task -3
[3.5]

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You are welcome.

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