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Topic: Token Pocket supported Ethereum London! (Read 193 times)
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The creation of NFTs seems mysterious and complicated, actually, there are many ways to create NFTs for non-devs. At present, they are mainly created through specialized NFT platforms such as Opensea, Rarile, Cargo, Treasureland, MintBase, etc. They are dedicated to lowering the threshold of NFT creation and let users can create them without having smart contracts.
It is worth mentioning that Opensea supports the creation of NFTs for free and does not need to pay for the deployment of smart contracts. Most of NFTs are based on the ERC-1155 protocol, however, the NFT created by MintBase is based on the ERC-721 protocol.
In addition to considering the NFT platform, the public chain is also a factor to be considered. At present, decentralized trading platforms cannot realize cross-chain transactions. The mainstream NFT public chains include ETH, Polkadot, BSC, Flow, Heco, TORN, WAX, etc.
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TP Courses 20 — How to reset my password?
Wallet password setting is to further enhance security, and TokenPocket adopts a method of re-encrypting to private key. (For example: When the mobile phone is lost, someone can’t transfer your assets without the private key because he/she doesn’t know the password.)
Private key = Account+ Password = ID Authentication, like your bank card number + password. The private key is composed of numbers and uppercase and lowercase letters, and the private key length of different blockchains is different, and the public key can be derived from the private key. It should be noted that once your private key is lost or forgotten, it cannot be retrieved, so be sure to keep it safe.
The mnemonic phrase is just another representation of the private key. Generally, it consists of 12 or 24 words. Because the private key is not easy to remember, people use mnemonic words for better remeber.
In conclusion, the private key is the only certificate of assets in the blockchain world, and the password can be reset by importing the private key or mnemonic (or other forms of private key).
Password reset steps: [Me]-[Manage Wallets]-[Reset Password]- Enter the private key or mnemonic to reset the password.
TokenPocket
The Leading Crypto Wallet on BTC, ETH, BSC, HECO, TRON, Polkadot, Kusama, EOS, etc. APP download link: https://www.tokenpocket.pro/
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How to use Polygon (Matic) on TokenPocket?
About Polygon (Matic)
TokenPocket has supported Polygon mainnet (previously Matic network), so users can use Polygon through TokenPocket. Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
How to create Polygon ?
1.Open TokenPocket App, click the wallet name in the upper left corner to switch wallet, choose [Polygon], and then click [Add Wallet];
2. Click [Create], and then click [Create Wallet];
3. Set wallet name and password in order, and then tick [Terms of Service and Privacy], click [Create Wallet] to continue. Back up your mnemonic and then click [Completed Backup, Verify it]
Attention: Do not disclose mnemonic words to anyone!
4. Now, you need to fill in order your mnemonic to verify, and then click [Confirm]. At this moment, you have created Polygon (Matic) successfully !
How to use Polygon on TokenPocket ?
About Polygon Bridge If you want to move funds from Ethereum to Polygon, you must go through the so-called “bridge”, and the “bridge” works through a locking and exit mechanism. On Polygon, users can choose to use two types of bridges: Plasma Bridge and PoS Bridge. Plasma provides advanced security with plasma exit mechanism. It will take 7 days to transfer your funds back to Etnereum, while the PoS security will only take about 3 hours back to Etnereum since it is provided by the PoS validators.
We will take PoS Bridge as an example to show how to move funds from Ethereum to Polygon.
1. Click [Discover] on the bottom of TokenPocket, and then search [Polygon Bridge];
2. Click [Polygon Bridge];
3. After entering the page, choose a wallet connecting way (Take Metamask as an example here), and then confirm the approved information, and then click [Confirm];
4. After entering the Polygon Bridge page, click [Back to Wallet];
5. Choose a token you need to move to Polygon, and then click [Deposit]; (Take depositing USDT to Polygon as an example)
6. Enter the token amount, or click [MAX] for all, and then click [Transfer] to procceed.
7. Double confirm that the transfer way is from Ethereum to Polygon, and then click [Continue];
Note: Delegation/Staking tokens are not supported.
8. Please kindly know that deposit process consists of two transactions (Approve and Complete deposit), and then click [Continue];
9. Double confirm the transfer route and mode, and then click [Continue] to procceed;
Note: Using PoS Bridge mode will take approximately 3 hours if you need to transfer your funds back to Ethereum.
10. Next step, you will enter the [Confirm Approve] page, click [Confirm] to approve. And then click [Continue] to confirm the deposit;
11. Here is the last step, after confirming the transfer information, click [Confirm] to transfer your funds and then wait patiently since the process will take a few minutes for the deposit to get completed. After completion, your balance on Polygon will be updated.
Tip: You can set the miner fee to adjust Gas Price and Gas Limit on payment page by your own preference.
Side Chains
The essence of the side chain is to build a completely separate blockchain behind a simple side chain, with its own validator and operator, that has bridges to transfer assets to and from the main chain, and optionally snapshots the block headers to the main chain to prevent forks.
It is considered to be an scaling solution obtained at the expense of security to a certain extent. The snapshots can provide security against forks even when the validators of the side chain collude and try to fork out.
Advantage:
TPS improvement
Disadvantages:
1. Low consensus
2. Unknown dispersion of hashrate
3. Poor decentralization
4. Insecure
Plasma
Plasma, which was once considered the best solution by Vitalik Buterin, is a construction that enables “non-custodial” sidechains, that is, even if all sidechain (commonly called “plasma chain”) validators collude to conduct any type of adversarial behavior, the assets on the plasma chain are safe, and can be exited to the mainchain.
Many complex operations can be executed in sidechain blocks, and combined into a single transaction. Under the condition of maintaining a minimum interaction on the main chain, it still can run applications for more users. Due to its “challenge period” mechanism, users have to delay the withdrawal of assets from Plasma for several days to prevent network attacks.
Advantages:
The biggest advantage of Plasma is the security of the tokens that are stored on the plasma chain.
Disadvantages:
1. Prevent attacks regularly
2. Low EVM compatibility
3. Not applicable for complex smart contracts
The essence of the side chain is to build a completely separate blockchain behind a simple side chain, with its own validator and operator, that has bridges to transfer assets to and from the main chain, and optionally snapshots the block headers to the main chain to prevent forks.
It is considered to be an scaling solution obtained at the expense of security to a certain extent. The snapshots can provide security against forks even when the validators of the side chain collude and try to fork out.
Advantage:
TPS improvement
Disadvantages:
1. Low consensus
2. Unknown dispersion of hashrate
3. Poor decentralization
4. Insecure
Plasma
Plasma, which was once considered the best solution by Vitalik Buterin, is a construction that enables “non-custodial” sidechains, that is, even if all sidechain (commonly called “plasma chain”) validators collude to conduct any type of adversarial behavior, the assets on the plasma chain are safe, and can be exited to the mainchain.
Many complex operations can be executed in sidechain blocks, and combined into a single transaction. Under the condition of maintaining a minimum interaction on the main chain, it still can run applications for more users. Due to its “challenge period” mechanism, users have to delay the withdrawal of assets from Plasma for several days to prevent network attacks.
Advantages:
The biggest advantage of Plasma is the security of the tokens that are stored on the plasma chain.
Disadvantages:
1. Prevent attacks regularly
2. Low EVM compatibility
3. Not applicable for complex smart contracts
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There are four approches for layer 2 scaling solutions. This chapter, we will talk about the first solution: State channels (The earliest solution)
Features:
Payment channel is a specific instantiation of a more generic concept called State Channels. State channel is a protocol between a fixed set of participants (often two) that want to transact securely between themselves off-chain, in case of payment channel specifically exchange money. Since transactions occur inside the channel, it provides good privacy. In addition, there is no network burden of the main chain, so the channel processing speed is faster, and only two transactions are provided to the main network when the channel is opened and closed. It is suitable for transactions with a certain number of participants since the contract of the state channel needs to be modified every time the trading members change.
Advantages
1. TPS Improving
2. Good privacy
3. Suitable for transactions with a certain number of participants and the status is updated multiple times within a period of time.
Disadvantages
1. Low capital utilization
2. Low security
3. Not applicable to a large number of one-time transactions or high-frequency transactions
Representative projects: Lightning Network, Celer, Raiden Network, etc.
Features:
Payment channel is a specific instantiation of a more generic concept called State Channels. State channel is a protocol between a fixed set of participants (often two) that want to transact securely between themselves off-chain, in case of payment channel specifically exchange money. Since transactions occur inside the channel, it provides good privacy. In addition, there is no network burden of the main chain, so the channel processing speed is faster, and only two transactions are provided to the main network when the channel is opened and closed. It is suitable for transactions with a certain number of participants since the contract of the state channel needs to be modified every time the trading members change.
Advantages
1. TPS Improving
2. Good privacy
3. Suitable for transactions with a certain number of participants and the status is updated multiple times within a period of time.
Disadvantages
1. Low capital utilization
2. Low security
3. Not applicable to a large number of one-time transactions or high-frequency transactions
Representative projects: Lightning Network, Celer, Raiden Network, etc.
Interesting,,, have yet to see a pure defi aggregator on a mobile app (that actually works well). Many I tried out of curiosity but many just very buggy. Any plans to make codes all fully open source and maybe web extension so you can use on mobile browser instead of app? Just curious. Not so much into defi but nft on other chains seem nifty if I have spare cash:)
You won't miss out on the guidebook of Xswap.
Go check it out: https://bit.ly/2TN0yPz
Enjoy the fast and user-friendly Swap
https://linktr.ee/TokenPocket
Go check it out: https://bit.ly/2TN0yPz
Enjoy the fast and user-friendly Swap
https://linktr.ee/TokenPocket
Hi Yes, it works on both terminal: mobile and desktop
For mobile: open TokenPocket, click "Discover", you can find Xswap in the "Recommended" section.
For desktop: http://xswap.tokenpocket.pro/#/
You can join our Telegram group to get instant answers: https://t.me/tokenPocket_en
For mobile: open TokenPocket, click "Discover", you can find Xswap in the "Recommended" section.
For desktop: http://xswap.tokenpocket.pro/#/
You can join our Telegram group to get instant answers: https://t.me/tokenPocket_en
The new version of Xswap as a swap aggregator platform powered by TokenPocket officially launched!
Xswap is a cross-chain swap aggregator platform powered by TokenPocket. It integrates all functions in one including decentralized swap, aggregated transactions, and one-stop cross-chain. For users, decentralized instant trade and swap can be completed for more than 100 digital assets in multiple chains supported by TokenPocket. The new version expands multi-chain deployment including but not limited to ETH, BSC, HECO, Polygon (Matic), HSC, TRON, EOS and its algorithm strategy has more advantages.
Xswap will open up the cross-chain liquidity channel of mainstream public chain assets, and provide one-stop cross-chain services for users and projects to create a cross-chain gathering place for the top public chains.
Token Pocket
The Leading Crypto Wallet on BTC, ETH, BSC, HECO, TRON, Polkadot, Kusama, EOS, etc more than 16 chains
APP Download: tokenpocket.pro/en/download/app
Official Links: https://linktr.ee/TokenPocket
APP Download: tokenpocket.pro/en/download/app
Official Links: https://linktr.ee/TokenPocket
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