Everipedia is a blockchain-powered decentralized online encyclopaedia that allows anyone to generate and curate information. To fully engage in the Everipedia community, you must first create an account with it. In this post, we will walk you through the procedure of creating an Everipedia wallet, providing a safe and easy encounter.
Need for a wallet
A wallet is an electronic utility for storing, managing, and transacting with cryptocurrency. In the scenario of Everipedia, the wallet is required to store IQ currencies, the site’s native coinage. IQ tokens are used to incentivize contributors and voters, ensuring the integrity and quality of the content on Everipedia.
By setting up a wallet for the coin, you can participate in voting for articles, propose edits, and earn rewards for your contributions. Additionally, having a wallet enables you to securely store your IQ tokens and track your rewards and transactions.
Choosing the right wallet
It is critical to choose the correct wallet for your needs before beginning the wallet setup procedure. Wallets are classified into three types: hardware wallets, computer accounts, and online e-wallets. Each has its own set of benefits and considerations.
For Everipedia, a web-based wallet is recommended due to its accessibility and ease of use. Some popular options include Scatter, Lynx, and TokenPocket. These e-wallets can be accessed through a web browser or as a mobile application, providing flexibility for users.
- Setting up a web-based wallet
The following steps will walk you through the procedures of creating a web-based wallet utilizing Scatter, one of the most popular e-wallets in the blockchain world.
- Install scatter
To begin, launch your browser and look for the Scatter wallet. Visit the official web page and download the version that corresponds to your operating system. Afterward, follow the given directions to finish the process of setting up.
- Create a scatter identity
After installing Scatter, launch it and select the “Create Identity” option. You will be asked to provide a distinctive title for your identification. It is best to select a name that is easy to comprehend yet difficult to guess. After entering your preferred identification name, click “Create.”
- Backup your identity
The scatter will generate a recovery phrase consisting of 12 random words. It is critical to write down this recovery phrase and keep it somewhere secure. If you lose access to your device or forget your password, you will only be able to restore your wallet using this recovery phrase. Keep this information private and never share it with anybody.
- Verify Your identity
After backing up your recovery phrase, Scatter will ask you to verify your identity by entering the words in the correct order. This step guarantees that your recovery phrase was accurately preserved and that you may access your wallet in the future. After successfully verifying your identity, click “Finish” to finish the setup procedure.
- Add Everipedia to scatter
Now that you have set up your Scatter wallet, you need to add Everipedia to your list of connected applications. Open Scatter and navigate to the “Apps” section. Search for Everipedia and click on the “Connect” button. This will enable Scatter to interact with the Everipedia platform securely.
- Secure Your wallet
It is advised that you set up extra security measures, such as a PIN or biometric identification, to safeguard the security of your wallet. These choices are often located in the wallet application’s settings or preferences area. To secure your wallet against unauthorized access, enable the required security settings.
- Fund Your wallet
To start participating in Everipedia, you need to fund your wallet with IQ tokens. There are several ways to acquire IQ tokens, including purchasing them from cryptocurrency exchanges or earning them through contributing to Everipedia. Once you have acquired IQ tokens, you can transfer them to your wallet address provided by Scatter.
- Explore Everipedia
With your wallet set up and funded, you are now ready to explore Everipedia. Access the Everipedia platform through your web browser and start browsing articles, voting, and contributing to the community. Your wallet will automatically integrate with Everipedia, allowing you to seamlessly interact with the platform.
Conclusion
To effectively participate in the decentralized online encyclopaedia, you must first create an Everipedia wallet. You may ensure a secure and easy experience when contributing to the Everipedia community by following the procedures provided in this article. Always prioritize wallet security by enabling additional security measures and keeping your recovery phase secure.
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