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@ -19,53 +19,48 @@ The private key is used to spend the Ocean Tokens in the account. You must keep
## Wallet Options ## Wallet Options
Ocean Tokens are [ERC-20 tokens](https://en.wikipedia.org/wiki/ERC-20), so any wallet that supports arbitrary ERC-20 tokens should work to hold Ocean Tokens. Any standard Ethereum-compatible tokens are called ERC-20 tokens. Ocean Tokens are [ERC-20 tokens](https://en.wikipedia.org/wiki/ERC-20), so any wallet that supports arbitrary ERC-20 tokens should work to hold Ocean Tokens. ERC-20 tokens are Ethereum-compatible standard tokens.
There are many kinds of wallets (e.g. paper wallets, hardware wallets, software wallets, custodial wallets), each with its own advantages and disadvantages. There is a tradeoff between security and convenience. We encourage you to search around and read about wallets to understand the options. In this section, we will explain how to setup a create a MetaMask wallet account. There are many kinds of wallets (e.g. paper wallets, hardware wallets, software wallets, custodial wallets), each with its own advantages and disadvantages. There is a tradeoff between security and convenience. We encourage you to search around and read about wallets to understand the options. In this section, we will explain how to setup a create a MetaMask wallet account.
## Software Wallet ## Software Wallet
### MetaMast Setup
We will be walking you through a tutorial to setup Metamask, if you haven't done so already. ### MetaMask Setup
We will be walking you through a tutorial on how setup Metamask.
**What is MetaMask?** **What is MetaMask?**
MetaMask is a browser extension that allows web applications to interact with the Ethereum blockchain. In our current setup, browsers like Chrome/Firefox display information by fetching it from a database. Our current web browsers (web 2.0 as it’s called) are not build to interface with distributed databases. This is why MetaMask is needed, as it allows modern web browsers to interface with the Ethereum blockchain.
MetaMask is a browser extension that allows web applications to interact with the Ethereum blockchain. In our current setup, browsers like Chrome/Firefox display information by fetching it from a database. But our current web browsers (web 2.0 as it’s called) are not build to interface with distributed databases a.k.a. the blockchain (web 3.0). This is why MetaMask is needed, as it allows modern web browsers to interface with the Ethereum blockchain.
**Why is Metamask required?** **Why is Metamask required?**
The unique part about MetaMask is that it serves a dual purpose as an ERC-20 wallet and a Web 3.0 browser. For users, it works as an Ethereum wallet, allowing them to store and send any ERC-20 tokens. For developers, it allows you to design and run Ethereum DApps right in your browser without running a full Ethereum node. MetaMask talks to the Ethereum blockchain for you. The unique part about MetaMask is that it serves a dual purpose as an ERC-20 wallet and a Web 3.0 browser. For users, it works as an Ethereum wallet, allowing them to store and send any ERC-20 tokens. For developers, it allows you to design and run Ethereum DApps right in your browser without running a full Ethereum node. MetaMask talks to the Ethereum blockchain for you.
**Setup Instructions for Metamask** **How to setup Metamask?**
1. Go to the Chrome Web Store for extensions and search/install metamask. Here are some setup Instructions for Metamask
![metamask-chrome-store](images/metamask-chrome-extension.png) 1. Go to the Chrome Web Store for extensions and search/install metamask. ![metamask-chrome-store](images/metamask-chrome-extension.png)
2. It will get added as a browser extension on the top right portion. Go ahead and accept the terms and conditions. Create a username and password as well. 2. It will get added as a browser extension on the top right portion. Go ahead and accept the terms and conditions. Create a username and password as well.
![tandc-metamask](images/metamask-create-username-password.png) ![tandc-metamask](images/metamask-create-username-password.png)
3. MetaMask will generate a secret backup phrase for you. Write it down, store it in a safe place, and click next. ![backup](images/metamask-secret-passcode.png)
3. MetaMask will generate a secret backup phrase for you. Write it down, store it in a safe place, and click next. 4. Confirm your secret backup phrase and finish your MetaMask wallet set up! ![setup-final-metamask](images/metamask_view-account%20options.png)
![backup](images/metamask-secret-passcode)
4. Confirm your secret backup phrase and finish your MetaMask wallet set up!
![setup-final-metamask](metamask_view-account options)
5. Voila! Your account is now created! You can now buy and sell tokens. You can copy your account address to clipboard from the options. This address is where you will be receiving all your ERC-20 tokens. 5. Voila! Your account is now created! You can now buy and sell tokens. You can copy your account address to clipboard from the options. This address is where you will be receiving all your ERC-20 tokens.
You can find more resources for setting up [here](https://drive.google.com/open?id=1N68MsRlbxJ4h6otCaTIwN4y904unh1QO).
**We don't recommend or endorse any particular wallets at this time.** Some wallets which _might_ work with Ocean Tokens are: **We don't recommend or endorse any particular wallets at this time.** Some other wallets which _might_ work with Ocean Tokens are:
- Gnosis Safe - Gnosis Safe
- MetaMask
- Trust Wallet - Trust Wallet
- Tokenary - Tokenary
## Hardware Wallets ## Hardware Wallets
Two of the most popular options are [Trezor](https://trezor.io/) and [Ledger](https://www.ledger.com/pages/ledger-live). Two of the most popular options are [Trezor](https://trezor.io/) and [Ledger](https://www.ledger.com/pages/ledger-live).
Here is the tutorial for setting up both. Here is the tutorial for setting up both. **Please note** that hardware wallet tutorials mentioned are general purpose for all ERC-20 tokens, and not specific to Ocean.
1. [Ledger](https://coinsutra.com/edger-nano-s-setup-guide/). 1. [Ledger](https://coinsutra.com/edger-nano-s-setup-guide/).
2. [Trezor](https://wiki.trezor.io/User_manual) 2. [Trezor](https://wiki.trezor.io/User_manual)