Add Security Advice for Creating a Wallet #695
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| ## 1. Understanding the Essence of Wallets | ||
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| A blockchain wallet is essentially a tool for managing your private keys. The private key is a randomly generated string of numbers, while the mnemonic phrase is a human-readable version of the private key. For example: |
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This is not accurate. Mnemonic is human-readable version of random seed and private key can be derived from it
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| ## 2. Choosing the Right Wallet Type for Your Needs | ||
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| There are various wallet types, including: |
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I suppose more introduction or relating articles should be added to this section. I would suppose the reader be a beginner of blockchain world and current version would make it hard for reader to understand
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Should add "what this is" as well as "what it is used for"
| - Verify the randomness of the generated mnemonic phrase (avoid patterns in word combinations) | ||
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| ## 5. Adopt a Multi-Wallet Strategy to Spread Risk | ||
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Add details illustrating why this strategy is required
| - Don't concentrate all assets in a single wallet | ||
| - Use a low-value wallet to test new projects or unfamiliar DApps | ||
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| ## 6. Understanding Emerging Keyless Wallet Technology |
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More details are needed here
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Co-authored-by: darwintree <[email protected]>
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Updated based on feedback |
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| ## 2. Choosing the Right Wallet Type for Your Needs | ||
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| There are various wallet types, including: |
There was a problem hiding this comment.
Should add "what this is" as well as "what it is used for"
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| A wallet doesn't actually store your cryptocurrencies. Instead, it stores the keys that prove your ownership of these assets on the blockchain. Here are the key components: | ||
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| 1. **Random Seed**: This is a large, randomly generated number that serves as the foundation of your wallet. It's the most crucial piece of information. |
Pre-flight checklist
This change is