GET WAVES WALLET: The Key to a Decentralized future.
— By JOSH ERHIGA
Generally on a blockchain, A wallet gives access to your funds.
So, on the Waves Blockchain, you can access WAVES as the native coin, an array of gateway (or wrapped) coins with 1:1 ratio {like bitcoins (wBTC), Ethereum (wETH), Litcoin (wLTC), Dash (wDASH), Monero (wXMR), Zcash, Bitcoin Cash (wBCH) etc. w stands for waves}, also a host of custom tokens and the Neutrino DeFi/DeFo protocol tokens. Only you should have access to your wallet.
Literally, the WAVES BLOCKCHAIN is a PLATFORM NETWORK like the ETHEREUM, with more robust and easy of interactions. It has been evolving since initial launch in 2016.
HAVING A WAVES.EXCHANGE WALLET?
The WAVES.EXCHANGE wallet is the official application wallet that let you interact with Waves blockchain. Think of it like an internet banking app – without the bank 😃 (it’s a decentralized-hybrid wallet). Your wallet lets you read your balance, send transactions, trade on DEX, swap on defo/Defi, deploy custom tokens in splits of seconds, and interact with both smart contracts and nodes etc.
To manage your funds on the waves protocol, you need a wallet. Your wallet is only a tool for managing your WAVES account.
That also means you can swap wallet providers at any time, although the official wallet is both a platform and a dex wallet.
There are a very few wallet providers outside of the official wallet that also let you manage several waves accounts from one application. There are not many providers yet, but soon alot of dapps will be rolling within the space. There is no wallets that have custody of your funds (except centralized wallets), only you do with decentralized wallets. Again, a wallet is just a product tool for managing what’s really yours.
Some Providers I’ve seen and used:
#1. WAVESFX WALLET (Features: Multi-Address Accounts, Multi-Network Support, Mass-Transfer Batching, Offline Mode / Transaction Signer, Move Multiple Assets At Once, Burn Multiple Assets At Once).
👉 With WavesFX wallet, you can burn multiple spam tokens at once😃😊
#2. SIGN WALLET (features: Receive and Send transactions, Mass Sending, Account, Developer Admin feature)
You can literally, Deploy a custom wallet for your project with SIGN WALLET developers with custom features.
#3. MUNA WALLET (features: Send and Receive Payments🚀 — with Naira, Waves and USDN to anyone anywhere. Instant BVN and account verification. Stake Crypto and Earn Interest 💸, Withdraws and deposits 🏦)
Now, if you not using the MUNA Wallet, you are doing the wrong thing 😄. MUNA is a Centralized Exchange wallet built by Heny Lucky C. (The WavesAfrica Ambassador) & and his team of developers at qurulab. It’s quite a beautiful piece of tech on MUNA. It would stand in Africa as soon many will discover this germ on the Waves Protocol.
#4. BGA WALLET (features: Receive and Send transactions).
You can find the BGA Token Wallet on playstore. It’s a dex, easy go wallet like the official wallet but only for storage, receive and send transactions. Also, do your own finding before usage.
Let go over it again: What’s Waves wallet?
💵 It’s an app for managing your funds: Your wallet shows your balances, transaction history and gives you a way to send/receive funds.
💵 Your Waves account: Your wallet is your window into your waves account – your balance, transaction history and more. But you can swap wallet providers at any time.
👤 Your login for waves application: Your wallet lets you connect to any decentralized application using your account via a waves keeper or signer. It’s like a login you can use across many dapps.
Wallets, accounts, and addresses: It's worth understanding the differences between some key terms.
- A Waves account is an entity that can send transactions and hold a balance.
- A Waves account also has a unique address, like an inbox has an email address. You can use the address to send funds and also receive funds on the account.
- A Waves account is not centralized, so no one controls it except you. Every generated account on waves.exchange app is decentralized and secured. And a loss of your wallet seed is irrecoverable.
- A wallet is a product that allows you to manage your waves account, like view your account balance, send transactions and more. Most wallet products will let you generate new address, So you don’t need one before you download a wallet.
Types of wallet
💿 Physical hardware wallets that let you keep your crypto offline – very secure.
📱 Mobile applications that make your funds accessible from anywhere.
🌐 Web wallets that let you interact with your account via a web browser.
🖥️Desktop applications if you prefer to manage your funds via MacOS, windows or linux.
How to Get a Wallet
We recommend the official wallet to get started with Waves. GetWallet or Search Waves.Exchange on playstore or appstore to download. Other wallet might also salvage you with their specific features. I personally love the MUNA.
How to Stay Safe
Wallets are a bit of a shift in thinking. Financial freedom and the ability to access and use funds anywhere comes with a bit of responsibility. There’s no customer support on a general look to crypto. Yet, the waves team has provided consistent support to all categories of people (from dev to newbies). Also use your official waves.exchange app to get verified customer support.
✅ Take responsibility for your own funds
Centralized exchanges will link your wallet to a username and password that you can recover in a traditional way. But, Just remember you’re trusting that exchange with custody over your funds. If that company is attacked or folds, your funds are at risk.
✅ Write down your seed phrase
Every generated wallet will often give you a seed phrase that you must write down somewhere safe. This is the only way you’ll be able to recover your wallet.
Here’s an example:
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👉 Do not store it on a computer. Write it down and keep it safe.
✅Bookmark your wallet
If you use a web wallet, bookmark the site: https://waves.exchange to protect yourself against phishing scams.
✅Triple check everything
Remember transactions can’t be reversed and wallets can’t be easily recovered so take care.
To wrap up this piece of education, it good you know that I am Josh Erhiga, — the team lead of the Qnode Blockchain and one of those few committed community members at 👉 WavesAfrica. I have been interested in and participating on the waves protocol since 2017 (when I knew it). Also I have visited the WavesAfrica Ambassador at his office sometime ago. I looked forward to a robust cooperation in the coming years as we shall also help to blow the waves trumpet in Africa.
So, early this year (2020), my team & I have built our own stand-alone blockchain from a source branch of DASH (v0.14) and have also developed interoperability with WAVES PROTOCOL via our custom gateway
QnodeCoin (QNC) is now on the Waves.Exchange, it can be ported to & fro WAVES and QNODE BLOCKCHAIN. Our Network boast of over 55 DIP3 MN (i.e. Masternodes) and with just 20,000 QnodeCoins anyone can join Consensus. In Q1, 2021, we shall deploy a DeFi Layer for Inter Chain Iteration with a bridge as a DeFi governance token.
Last words, it time to Get as much WAVES as you can, Get NSBT, USDN & DeFo Assets, stake them and earn interest daily. Get some QNODECOIN also and deploy a Masternode, earn block rewards.
Get the 🔷WAVES🔷 ship SAILING
Important links:
Visit the Waves Web here: https://waves.tech/
https://t.me/Wavesafrica
