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A wallet, in the context of cryptocurrency and blockchain technology, is a software application or hardware device that allows users to securely store, send, and receive digital assets.
In the dynamic realm of decentralized identity solutions, Self-Sovereign Identity (SSI) has emerged as a promising approach. As you embark on the SSI 101b Decentralized Identity Learning Lab, creating wallets becomes an essential part of your journey.
Creating a Cardano Wallet: Step-by-Step Guide
To actively participate in the SSI 101b Learning Lab, follow these simple steps to create a Cardano wallet:
Step 1: Choose a Wallet Provider
There are several Cardano wallet providers, each offering unique features and user interfaces. Research and select a reputable and user-friendly wallet provider that aligns with your preferences. Here are some recommended options to get you started:
Step 2: Download the Wallet App
Once you've chosen your preferred wallet provider, download the corresponding app suitable for your device, whether it's a desktop browser plugin, mobile, or hardware wallet.
Step 3: Set Up Your Wallet
Open the app and follow the provided instructions to set up your Cardano wallet. This typically involves creating a robust password and saving your recovery phrase (seed phrase), consisting of 24 random words. Ensure you keep your seed phrase secure and accessible in case you need to recover your wallet.
Upon setting up your Cardano wallet, you will be prompted to create your ProofSpace wallet.
Step 4: Scan the Code provided by your learning institute to Create a ProofSpace Wallet
As part of your Learning Lab journey, you'll need to create a ProofSpace wallet, where your student credential and course completion credential will be securely stored. To initiate this process, scan the provided QR code
The following information will be required to create your ProofSpace wallet:
Cardano Wallet Address
What’s in your Cardano wallet?
Your vNFT (Foundations of Decentralized Identity)
Your Scholarship Funding
What’s in your ProofSpace wallet?
Your Student Credential
Your Course Completion Credential
Scholarship Fund Request
Accessing Scholarships: Your Cardano wallet will be utilized to receive scholarship funds earned during your journey in the SSI 101b Learning Lab. With direct ownership of your wallet, you'll have full control over the scholarship funds you receive.
Verifiable Credentials: The ProofSpace wallet acts as a secure and tamper-resistant repository for your student credential and course completion credential. These verifiable credentials will be necessary when requesting scholarships.
Enjoy your journey!