Crypto Academy Season 3 Beginners' course - Task 6: Blockchain Wallet-- Types, Uses, Installation, etc.

in hive-108451 •  3 years ago 

(1) How do you store/secure your keys? What are the different forms of Private Key(Examples/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 & hide/blur the sensitive information.

How do you store/secure your keys?

I have stored/secured my keys by writing it down on my personal dairy and keeping it in a safer place where no one can have access to it except me. Also I have a personal email where i have stored my keys. The email is different from the email that I am using and I do not share it out to outsider because I created it specifically to store/secure my keys. Although I also have a hard drive where I have I have back up and store my keys.

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

The different forms of private keys are mention and explain below:

  • Private Key
  • Mnemonic key
  • Keystore file (JSON file)
Private Key

A private key is a key with a long randomly generated series of bits that cannot be guessed or comprehend easily by user. It is randomly created in a sequence way using cryptograhic functions when a blockchain wallet is created. The private key is a very important key that shouldn't be share with anyone and should be kept safe because it is specifically used for transactions.

Below is and example of a private key
images.png
Source

Mnemonic key

The Mnemonic key is also a private key that is consist of 12 to 24 words that allow user to have access to their wallet. The Mnemonic key is also called backup phrase or recovery phrase and it can also use to generate more than one private keys.

Below is and example of a Mnemonic key

IMG_20210901_221149.jpg

Keystore File (JSON File)

The keystore file is also another type of private key but work different from the private key. The keystore file is set locally when a user is creating a wallet. The purpose of the keystore is to help one restore his/her wallet when he/she cannot remember his password again. But it can only be done when the keystore is been backed up.

Below is an example of a Keystore file

images (1).png
Source

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

I download & install my Tronlink wallet by going to my Google Play Store and search for Tronlink wallet.

IMG_20210901_215559.jpg

I then clicked on Tronlink wallet before downloading it.

IMG_20210901_215740.jpg

After I have download & install the Tronlink wallet I then open my phone and clicked on the Tronlink wallet.

IMG_20210901_215934.jpg

As soon as the Tronlink wallet open I clicked on Create Account

IMG_20210901_220448.jpg

I then read the user agreement and clicked on Accept

IMG_20210901_220550.jpg

I then entered my username and clicked on next step and input my password

IMG_20210901_220721.jpg

After inputting my password I re-enter it again and clicked on confirm.

IMG_20210901_220820.jpg

I then clicked on back up now and copy my Mnemonic key.

IMG_20210901_220924.jpgIMG_20210901_221149.jpg

As soon as I finished copying my Mnemonic key I then clicked on I have saved it securely and my account became open suçcessfully.

IMG_20210901_221227.jpg

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

IMG_20210902_125805.jpg

I stored the mnemonic key by writing it down the way it is arrange on my diary book. I wrote it inside my diary book and kept it safe since it is the key that I can use to restore my wallet should Incase I forget my password.

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

I am comfortable with the Mnemonic key since it very easy for me to handle and memorized even without me storing the keys somewhere unlink the private and keystore keys that involves a series of alphanumeric characters that cannot be easily guessed or remember.

Conclusion

It is advisable for one to keep his/her private key very secure, because if anyone have access to it your wallet can be compromise.

Best Regards;

Cc:-
@sapwood

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Hi @jasminemary, Thank you for taking interest in the 6th Task of the Beginners Fixed Class. Your grades are as follows:

Assessment AspectsRating
Presentation/Use of Markdowns1.1 / 2
Follow Rules and Guideline1.3 / 2
Quality of Analysis1.2 / 2
Clarity of Language1.3 / 2
Originality1.4 / 2
Total5.3 / 10

My Review and Suggestions:

  • You have completed the task.

  • Don't use function quotes for questions that you take. Because you have to make the text of the questions you choose boldly.

  • Don't use the quote function for the title.

  • If you want to put the source of an image that you take on the internet, you should enter a link from the original source, not from Google Image. Please pay attention to little things like this.

  • There are some grammatical errors, please pay attention to grammar before posting.

  • Improve your writing skills even more by studying "Markdown Style Guide".

Thank you!