[Blockchain Wallet (Types, Uses, Installation)] - Steemit Crypto Academy Season 4 - Homework Post for Task 9

Screenshot_20210928-090352[1].png

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

Hello everyone, I will be attempting the Task by Prof @sapwood I hope, I will be able to explain to the best of my ability.

Let's get started....

image(1).png

On a Blockchain there are transactional keys given to be kept privately for your use. The key pairs are the Private key and Public Key. These keys are to be stored locally and as private as possible.

It is advised to store offline, with no internet access whatsoever to avoid been hacked. Your keys most especially the private key is very important and should be guarded with absolute care, whoever gains control of your private keys would have control over your assets.

How to store / secure your keys

As I mentioned earlier, Offline storage., as it is supposed to be kept a secret.

`You can store it locally with password encrypted as a file on your laptop.
You can write it down on a piece of paper
Just make sure it is accessible to just you and you alone.

image(1).png

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

image(1).png

Like I have mentioned the private key is very Important, there are others forms of Private key. Which are:

Private Key(A string of alphanumeric characters)
Mnemonic key(Seed)
Keystore file(JSON File)

Let's take them one after another

Private Key
If you are on Steemit then you must have an idea what a Private key looks like. You would see a mixture of both numeric and alphabetic characters all juggled up, which makes it very difficult to memorize. This is made possible using cryptography, it is used to send payments and also unlock your crypto assets. It is unique to just you, it can be used to encrypt and decrypt messages.

Screenshot (82).png

_{An Example of Private key}

Mnemonic Key
Just like in school you have Mnemonics that help you remember certain things. Same goes for the Mnemonic key, it s readable and like the Alphanumeric Private key can be memorized. They have the same function as the private keys and are usually in the length range of 12,15,18,21,24.

They are usually in sequence which are translated as phrases and function to restore passwords, generate wallet addresses. Say you forgot your password and need to generate a new one, your Mnemonic key would help generate a new one or even a new wallet address should it be compromised.

They are usually in Phrases like this

Screenshot (81).png

If you have a trust wallet or a Tron wallet then you must have come across a Mnemonic key.

Keystore File
We can look at a keystore file as backup for your self created Passwords. It is another form of private key. What do I mean by backup- Usually, when you set up an account you are asked to create a password, now should you forget this password and have successfully backed up the Keystore File you can restore your wallet with the exact password without having to change it.

This Keystore File plus your password can be equally your Private key.

_{example of keystore file}

link

image(1).png

Download & Install TronLink Wallet

image(1).png

Step 1- Go to https://www.tronlink.org/

Screenshot (83).png

Step 2 - Click on the Browser(chrome) Extension.

Screenshot (84).png

Step 3 - Takes you another page, where you have to add to chrome

Screenshot (85).png

Step 4 - Add extension

Screenshot (86).png

Step 5- You would see the extension added at the top right of your page

Screenshot (87).png

Step 6 - Create your password

Screenshot (88).png

Step 7

Screenshot (89).png

Step 8 - Add Username

Screenshot (90).png

Step 9 - The mnemonic Phrase would pop up, write it down

Screenshot (91).png

Step 10 - To enable reconfirmation
Screenshot (93).png

Step 11 - You are done and your account is ready

Screenshot (94).png

image(1).png

How do you store the key

image(1).png

Write it down on a Paper and safe guard it .

image(1).png

Which form of the key are you comfortable with to handle your TronLink Wallet?

image(1).png

To show this I would have to use the restore option.

Screenshot (95).png

Screenshot (90).png

I prefer Using my Tron Private key amongst other forms of key

Screenshot (97).png

Input my key and press continue. Private key(This can be found on your file of steemit keys)

Screenshot (98).png

image(1).png

Conclusion

image(1).png

The Private Key is very important and should be stored carefully. They other key Forms can be used depends on your choice. Always Protect your keys. Lastly, you can link your Tron wallet if you have not.
Thank you @sapwood for the lecture.