Latest & Breaking Cryptocurrency, Blockchain, Ethereum, Bitcoin News- Coinedict
  • News
    • Crypto News
    • Blockchain News
  • ICO Review
  • Interviews
  • Disruptions
  • CryptoPedia
    • 101 articles
    • How-to’s
    • Research & Analysis
    • Price Analysis
  • Press Release
    • Submit Press Release
  • Events
    • Submit Event

Most Popular

  • What is a Paper Wallet? How to make Paper wallet for different cryptocurrencies?

    What is a Paper Wallet? How to make Paper wallet for different cryptocurrencies?

    August 24, 2018
  • 10 Best NEO Wallet You Should Know About

    10 Best NEO Wallet You Should Know About

    August 30, 2018
  • Roger Ver Releases a Debate with Supporters of Bitcoin Core and Blockstream Without Consent

    Roger Ver Releases a Debate with Supporters of Bitcoin Core and Blockstream Without Consent

    September 8, 2018
  • “CEO of BitMex states ETH a “shitcoin” in latest newsletter”

    “CEO of BitMex states ETH a “shitcoin” in latest newsletter”

    August 15, 2018
  • Rich Dad, Poor Dad author Robert Kiyosaki, calls crypto the “People’s Money.”

    Rich Dad, Poor Dad author Robert Kiyosaki, calls crypto the “People’s Money.”

    August 13, 2018

Newsletter

Subscribe our Newsletter for latest posts, tips & facts. Let’s stay connected!

Follow us on Facebook

My Tweets

Instagram

  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
Latest & Breaking Cryptocurrency, Blockchain, Ethereum, Bitcoin News- Coinedict
  • News
    • Crypto News
    • Blockchain News
  • ICO Review
  • Interviews
  • Disruptions
  • CryptoPedia
    • 101 articles
    • How-to’s
    • Research & Analysis
    • Price Analysis
  • Press Release
    • Submit Press Release
  • Events
    • Submit Event

All you need to know about Cardano Paper Wallet

Supriya Saxenaby Supriya SaxenaSeptember 1, 2018 in Explanatory articles, no comment
Cardano-Paper-Wallet

Cardano is a project which began in 2015 as an effort to change the way cryptocurrencies were developed. The overall focus beyond a particular set of innovations is to provide a more balanced and sustainable ecosystem that better accounts for the needs of its users as well as other systems seeking integration.Till May 29th, Daedalus software wallet was the only wallet where you could send, receive and store ADA. It is a secure, multi-platform, hierarchical deterministic wallet, built by the Cardano Enterprise. Following the test net launch of KEVM and Cardano 1.2 release, the Cardano team announced the launch of paper wallets.

A developer, Vantuz, explains that-

“The main difference from having it stored in Daedalus is that the paper-wallets are “cold” which means the secret keys are not stored on a computer. The paper wallet is a bit more official and secure. When you “keep your ADA in Daedalus” (meaning – you have your wallet restored and available in Daedalus), then your secret keys to this wallet are stored on the computer. If you have a spending password – then your keys are encrypted, but still stored on the computer. The safer those passwords are – the harder it will be for hackers to get access to actual keys.”

A Cardano paper wallet can be generated in the following manner-

1.Launch Daedalus and click on ‘create a paper wallet certificate.’

Cardano Paper Wallet 2. A dialogue box will open. Then click on ‘Save PDF for printing’.

Cardano Paper Wallet

3. After the PDF has been saved, another dialogue box opens which asks the user to verify the printed certificate.

Cardano

4.A twenty-seven-word recovery phrase is added to the wallet inclusive of automatic printing on the certificate for the first eighteen words and the remaining nine words hand-written by the users. View the checklist, tick all of them and click ’continue.’

Cardano

5.A screen appears which says ’Complete your certificate.’ Click continue.

Cardano

6. After this, set the password recovery phrase. After the password has been set, tick the checklist and select continue.

Cardano

7. After this, a screen appears which says ‘Paper Wallet Certificate.’ Click on finish to generate your paper wallet.

Cardano

The printed wallet looks like this-

Cardano

The paper wallet feature improves security as the printed certificate cannot be cached by the printer or compromised in some other way. Paper wallets can be restored and brought back online with Daedalus. Daedalus now has a new support page in ‘Settings.’

This page includes links for accessing the FAQ with solutions to known issues, access to a form for sending support requests and a link for downloading logs. Clicking the ‘bug’ icon in the sidebar no longer opens the form for submitting support requests, instead, takes the user to this page instead. For Cardano 1.2.0, a new and improved version of the wallet API is available for cryptocurrency exchanges and other parties.

With such enhanced features, Cardano is continuously trying to make the processes simpler and more efficient for its users.

Related

Supriya Saxena

Supriya Saxena

Supriya holds a masters degree in Applied Physics. She has a keen interest in exploring new technologies and expresses her curiosity by writing for various technology platforms. She is an avid follower of Blockchain technology. She strongly believes that blockchain will bring lasting transformations in people's lives in the years to come.

Supriya Saxena

Supriya Saxena

Supriya holds a masters degree in Applied Physics. She has a keen interest in exploring new technologies and expresses her curiosity by writing for various technology platforms. She is an avid follower of Blockchain technology. She strongly believes that blockchain will bring lasting transformations in people's lives in the years to come.

Related posts

mining

The Ultimate Beginners Guide to understand Cryptocurrency Mining

by Shanker Dayal MishraDecember 13, 2018no comment
Healthcare

Blockchain beneficial for protected and trustable Electronic Medical Records distribution

by Abhimanyu KumarDecember 12, 2018no comment
Stablecoins

The Complete Beginners Guide to Understanding Stablecoins

by Supriya SaxenaDecember 3, 2018no comment
icx

ICON ICX Network- Blockchain of Blockchains

by Supriya SaxenaOctober 17, 2018no comment

Most Popular

  • What is a Paper Wallet? How to make Paper wallet for different cryptocurrencies?

    What is a Paper Wallet? How to make Paper wallet for different cryptocurrencies?

    August 24, 2018
  • 10 Best NEO Wallet You Should Know About

    10 Best NEO Wallet You Should Know About

    August 30, 2018
  • Roger Ver Releases a Debate with Supporters of Bitcoin Core and Blockstream Without Consent

    Roger Ver Releases a Debate with Supporters of Bitcoin Core and Blockstream Without Consent

    September 8, 2018
  • “CEO of BitMex states ETH a “shitcoin” in latest newsletter”

    “CEO of BitMex states ETH a “shitcoin” in latest newsletter”

    August 15, 2018
  • Rich Dad, Poor Dad author Robert Kiyosaki, calls crypto the “People’s Money.”

    Rich Dad, Poor Dad author Robert Kiyosaki, calls crypto the “People’s Money.”

    August 13, 2018

Newsletter

Subscribe our Newsletter for latest posts, tips & facts. Let’s stay connected!

Follow us on Facebook

Twitter

My Tweets

Instagram

  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image
  • Instagram Image

About Team Contact Us Our Partners Editorial Policy Privacy Policy Terms and Conditions


© 2018 Coinedict. All Rights Reserved.