Seed Phrases: The Standard for Crypto Accounts Creation
Hey, everyone! To bring crypto users to Inleo and Hive, we need to find common ground. Hive has a different system than most blockchains people are used to, and with Keystore, we are filling that gap and opening the doors for mass adoption.
In this clip:
- Seed phrases are commonly used by everyone on Web3
- Keystore brings Hive to the crypto standard
- A familiar sign-up system helps in sorting out barriers to mass adoption
There are multiple systems for key management, multiple wallets, both hot and cold, and due to the needs of the users, most of them have had to implement seed phrases. It's a standard in the crypto space that is here to stay.
Hive does not use seed phrases; it has a system with multiple keys for different kinds of transactions that work really well but are complex for beginners and unfamiliar to crypto users.
By bringing Keystore to Inleo, we are offering crypto users a familiar experience while they still get a full Hive account and complete custody of their keys.
Posted Using INLEO
https://www.reddit.com/r/CryptoCurrency/comments/1ic0lb8/seed_phrases_the_standard_for_crypto_accounts/
The rewards earned on this comment will go directly to the people( @tsnaks ) sharing the post on Reddit as long as they are registered with @poshtoken. Sign up at https://hiveposh.com. Otherwise, rewards go to the author of the blog post.
Congratulations @khaleelkazi! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 83000 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
I prefer seed phrases because in some way I remember and memorized them. Unlike the keys. However, there is a saying that if you remember your keys, it isn't safe.
crypto evolution
I can honestly say that I have limited knowledge about crypto, but this platform has helped me slowly understand it. Thank you.
Very interesting article. Good afternoon and best wishes to all of us.