What is a scatter wallet?
A scatter wallet is a crypto wallet that supports what is referred to as the ‘scatter protocol’. An innovative set of three core technologies that allow for ease of use and security. It incorporates a RIDL or Reputation and Identity Layer that aims to add a layer of credibility so that users with Scatter wallets can determine for themselves who is trustworthy and who isn’t. It is also based on open-source technology. Not only does it mean that the scatter wallet is free to download but also it is continuously being updated and improved by those that are using it.
Is scatter wallet safe?
scatter wallet safer than other cryptocurrency digital wallets is that it has a RIDL layer incorporated into it. This answers the one question that nearly every single user of any digital wallet wants the answer to. Is the store you’re buying from or the user that you’re buying from trustworthy? After all, if you knew the answer to this question you may, or may not go ahead with the transaction.
These are much safer than traditional wallets which wouldn’t be able to tell the difference and could potentially sign for an unsecured and unsafe transaction. Scatter themselves have justified the inclusion of the RIDL layer as a necessity should the jump from 40M to 400M digital wallets over the coming years be made seamlessly without an escalation in the number of cyberattacks. They have also included support for Ledger Nanos should you have a hardware wallet that you also keep your cryptocurrency on.
How to use scatter wallet?
Once you have set up your scatter wallet you can then use your wallet to start spending and trading online. When you sign up to a trading platform you will first need to link scatter to the platform, for example, if you were using Newdex.io you would have a notification similar to the below on your Scatter Desktop App asking you which account you have set up that you’d like to use with the trading platform:-
EOS scatter wallet
EOS is one of the three main supported cryptocurrency applications on the Scatter platform as well as Ethereum and TRON. EOS itself is referred to as the leading and pioneering infrastructure when it comes to the hosting of decentralized applications. The innovations that were included in the creation of the EOS focused on addressing problems in the areas of speed, scalability, and flexibility that were present in other blockchain systems.
How to install scatter wallet?
There are a few steps you need to follow to install your Scatter wallet correctly and set it up fully and so we are going to go through them now.
⦁ First, you need to head over to Scatter and download ‘Scatter Desktop’:-
⦁ It should then take no more than a few minutes to download the installer before you are welcomed by the below screen:-
⦁ Now if this is your first time setting up a scatter account you’re going to want to go ahead and create a password and confirm it. It’s strongly recommended to use a very strong password, something that’s not easily guessable. It’s also recommended that you use kind of password vault such as LastPass to store your password safely. And then click ‘Create New Scatter’.
⦁ Once you have done that in addition to having to remember your password you will then be given was is referred to as a Mnemonic Phrase to remember, which is a group of 12 or so words in no particular order that you have to remember. It’s also heavily advisable to write these down for future reference as they will act as the back up for your password should you ever forget it.
⦁ Finally, the last two steps are to accept the terms and conditions of Scatter and it’s services. Before then choosing the backup location for the information saved by Scatter which would be the workstation you’re currently working on at the time of installation. Once that is done you should then be greeted by the screen below:-
⦁ You’ll be glad to know that now you have successfully created a Scatter account and what you’re seeing above is the home screen of the desktop Scatter app. It allows you to manage 3 forms of digital assets which are Ethereum, EOS and Tron. For example’s sake, we are going to focus on EOS to demonstrate how the wallet works.
⦁ Next, you’re going to want to go to where it says ‘Vaults’ in the top right-hand corner, select new vault and name your newly created vault. Once you’ve done that you’ll see an option for an Ethereum account and a TRON account but not an EOS account. So before we go any further it’s advisable to create yourself an account. There are a few different resources to choose from including EOS Account Creator and Bloks.
⦁ During the account creation process, you’ll be given some more information to remember. The first of which is a 12-digit account name that it’s worth making a note of.
⦁ Next, you’re going to need the public key. This is where we need to go back to the Scatter desktop app and go into your vault where you will see a list of keys. At the top, you’ll see ‘Shareable Key’. Copy and paste this and use it both as the owner key and activation key. Finally, you’ll need to make a payment to create an account which is roughly around $5.
⦁ Finally, once you have done that go back to your Scatter desktop app and refresh it. You should now see that your EOS account is now fully set up. This is now ready either to be loaded with EOS ready for you to start spending or trading or to receive EOS.