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The Hitchhiker's guide to Web3

A sufficiently secure opinionated way to setting up your first Web3 wallet

How we interface with the internet will continually change. So far we have seen Usenet, Bulletin boards, IRC, Forums and "modern" social networks act as hubs for exchange.

Memetic culture has transformed and accelerated how we engage online.

As we hurdle towards an intent based modality where curation is at the forefront, to participate we need a Digital Wallet.

Getting started

  1. Setup 1Password

    1Password is a tool for storing all your passwords in secure performant manner. Be nice and get a Family plan and spend time teaching them how to use it.

    https://1password.com/

  2. For most people this will be sufficient for safe guarding the most important thing which will be your your seed phrase

    YOUR SEED PHRASE IS IMPORTANT NEVER SHARE IT WITH ANY ONE
    
    *** controversial ***
    Most of the time you will be told never store this phrase in a password manager and write it down on a piece of paper and put into safety recovery box in a bank with 24/7 access
    
    However this should be sufficient for the majority of users "everyday" wallets
  3. Create your wallet

  • At the time of writing I recommend setting up a wallet with Rainbow, They have an excellent user experience for both novice and and advanced users which makes both applications more enjoyable. Remember that super secret seed phrase you just saved?

    a) You can reuse it to setup a Injected Wallet using the Browser Extension 💻

    b) You can reuse it to setup your native app mobile app (iOS/Android)

  • More importantly their code is open source is constantly under peer review

I HAVE BACKED UP MY SEED PHRASE AND WILL NEVER SHARE IT WITH ANYONE
I HAVE BACKED UP MY SEED PHRASE AND WILL NEVER SHARE IT WITH ANYONE
I HAVE BACKED UP MY SEED PHRASE AND WILL NEVER SHARE IT WITH ANYONE
I HAVE BACKED UP MY SEED PHRASE AND WILL NEVER SHARE IT WITH ANYONE
I HAVE BACKED UP MY SEED PHRASE AND WILL NEVER SHARE IT WITH ANYONE
I HAVE BACKED UP MY SEED PHRASE AND WILL NEVER SHARE IT WITH ANYONE

Once that is done you will be presented with an bunch of text and numbers that should resemble something like this.

0x6837047F46Da1d5d9A79846b25810b92adF456F6

This is a bona fide Ethereum address which can be used to send and receive cryptocurrency and objects.

  1. Welcome. Anon.

This digital wallet is YOUR Passport to Web3. You can use this across many applications as a frictionless way that you control to interact with decentralised applications ("dApp's")

Aside; The invention of Hierarchical Deterministic wallets is one of the many great innovations of our time — https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki

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#tutorial#setup#get-started#first-wallet
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