ROOTY
Community Coins wallet
| Make a copy of the active wallet to transfer it to an external computer or storage device | |
| Recover a backup-wallet | |
| Create a new wallet | |
| Delete a wallet from your device | |
| Extract the wallet seed from the active wallet |
A wallet can be used to store cryptocurrency and carry it with you. It consists of a bunch of 'receiving addresses', and a special key known as a 'seed'. This seed lets you see how much cryptocurrency you have in your wallet and makes it possible to spend it.
With a backup you copy everything, the seed, your personal settings and a record of all the money coming in and going out (transactions). When you copy the seed you just copy your money.
When ROOTY creates a wallet, its seed has twelve words. Imported English BIP39 seeds may contain 12, 15, 18, 21 or 24 words. Keep the seed and any recovery passphrase together with the care normally reserved for money: both are required to reconstruct the same wallet.
It's also a good idea to have multiple wallets. For instance, you could have one on your mobile phone and another one at home. This way, you can keep larger amounts of cryptocurrency at home for added security.
Last but not least, you also have the option to store the seed separately in a secure location. For example to write it down in your personal diary or on a piece of paper which you lock away.
These words provide full access to the funds in this wallet. Keep them private and store them offline. Never send them to anyone.
A currency comes alive when people use it.
Community Coins brings independent currency communities and their shared route together. The aim is to make their coins usable in one wallet, step by step.
View the shared Community Coins routeSome text
Wallet identity settings, such as a wallet name, are not mandatory, but they solve some of the main challenges of cryptocurrencies: - Instead of struggling with complex addresses, recipients can provide a straightforward name that senders can easily identify and trust. - In cash payments, such as cryptocurrency payments, the sender often faces greater vulnerability because he is the first to move. To address this, receiving additional information from the recipient becomes a crucial step. It not only enhances the sender's confidence but also provides clear assurance about the intended destination of the transaction. - Since cryptocurrency transactions are public by nature, they are not designed to include detailed payment information within them. Here's where a wallet name comes into play. It serves as a dual-purpose destination address, not only for the payment itself but also as part of an accompanying message. This wallet name effectively becomes part of a parallel, peer-to-peer communication channel that ensures privacy and confidentiality. Messages sent via this channel can only be read by the intended recipient, enhancing the privacy and security of your transactions. - Cryptocurrency payments often involve waiting for several minutes for a payment to be confirmed, making them less convenient for quick, cash-like transactions. However, with the parallel peer-to-peer communication channel facilitated by a wallet name, transaction information can be exchanged directly and securely between the sender and recipient. This innovation enables instant, zero-confirmation payments, making cryptocurrency a more practical choice for speedy transactions, akin to cash payments. To meet these challenges the communitycoin teams have established such a practical but optional peer-to-peer communication service. It allows wallet users to register a wallet name and to communicate directly. If the sender uses a destination walletname the following happens: - The cryptic recipient address for the payment is retrieved - A payment transaction is generated and submitted to the cryptocurrency network - In parallel an encrypted message is send to the recipient. That message contains: the transaction ID, the currency used and the amount transmitted - Optionally the message can include: The wallet name of the sender, a personal message (memo) and a contact card. - The entire message is peer to peer because it can only be decrypted by the recipient through the use of asymetric RSA-OAEP encryption
Still a wallet name is not optimal because names can be difficult too. Like yajnavalkya. Without resorting to the cryptic QR-CODE we introduce a five-minute-code, which consists of four large digits the recipient can pronounce or show to his payment partner. It works like this: - The recipient selects the payment currency and het enters the amount, probably using the the fiat currency in the calculator panel. - Optionally he enters text in the memo-field - The recipient presses the receive-button and verifies the payment data - Then the recipient presses the five-minute button and a large random four-digit-code appears, which he shows to the sender
7812
This wallet is a Federated Initiative of community coin teams. That means that it is created and maintained by groups of friends that work together to make something amazing happen: We put the power of Bitcoin in the hands of everybody in their own country and region. For people that Bitcoin would otherwise never reach.
A backup consists of a string of data that enables you to reconstruct the wallet if the original gets lost or to transfer the wallet to another device. Remember to keep the backup just as secure, or more, as you would keep the original. Don't leave unnecessary copies abandoned on temporary directories or (email) folders. Be aware that a wallet also has a history which becomes frozen in the backup. You have three options:
Paste a complete wallet backup here, or enter the 12, 15, 18, 21 or 24 words of an English BIP39 seed.
A valid wallet backup is recognized and activated automatically. Only replacement of an already loaded wallet still requires confirmation.
For a seed, check every word carefully and then press Restore seed. A seed creates a new wallet, unless the same seed and passphrase already belong to a loaded wallet.
Only if the original wallet used a BIP39 passphrase, enter it twice below. You may also paste seed::passphrase in the seed field.
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- While you enter the pincode it becomes visible. Look carefully at what you typed because if you make a mistake the wallet becomes unaccessable immediately after pressing OK. - Use only lowercase characters, numbers and/or a decimal point - One pin-code protects access to all cc-wallets on this device - The pin-code gives you extra security but it only buys you time if your device falls in the wrong hands. If so, restore backups of all concerned wallets to another device and transfer all funds to a new wallet. Once the transfer is complete delete the compromised wallets and never use them again. - If you forget your pincode just use kill as pincode. All wallets and the pincode will be removed from your device. You can recover the wallets from your backups. | |||
The name is stored only in this wallet. It may be changed again and does not need to be unique.
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Prepare multiple lines of text to optionally exchange during payments. This could serve for example as a business-card or contain contact options such as your telegram or eMail address. | ||||
