In-depth analysis of what wallets are suitable for the Solana chain?

Solana public chain is famous in the industry for its high performance, high TPS and low transaction fees. As part of its on-chain ecology, the project has received strong underlying technical support. The key to participating is to create an essential wallet.

#What wallet does the solana chain use?

·Mobile application wallet (Trust Wallet, Coin98, etc.)

Trust Wallet and Coin98 encryption wallets are suitable for IOS and Android systems, basically covering all mobile phone users, and users can easily use them to send and receive SOL tokens.

However, Trust Wallet and Coin98 do not support staking accounts or staking operations, which means that we cannot participate in DeFi protocols on the Solana chain, nor can we deposit SPL tokens (similar to ERC- on the Solana chain) 20 tokens).

It should be noted that the security of mobile application wallets depends on the security of personal electronic devices. Once the crypto wallet application is opened, others can use the "auxiliary recovery mnemonic" to gain access to the wallet and steal digital assets. To provide more protection, you can set an app lock and signature password for the corresponding app for double insurance.

Safety always comes first.

·Web wallet (SolFlare, Sollet, Math Wallet, etc.)

SolFlare, Sollet and Math Wallet are all third-party wallets that provide the functionality of web wallets. These wallets support activities such as staking accounts and staking operations, and can send and receive SOL and SPL tokens. If you need an operation guide, you can check out the SolFlare operation guide in Solana's official documentation (https://docs.solana.com/zh/wallet-guide/solflare).

However, Math Wallet’s IOS and Android mobile apps do not support sending and receiving SOL and SPL tokens.

Web wallets can actually be compared to the widespread application of wallets such as MetaMask Little Fox, but currently MetaMask does not support the Solana network.

·Hardware Wallet (Ledger Nano S and Nano . (Operation guide: https://docs.solana.com/zh/wallet-guide/ledger-live#interact-with-the-solana-network)

A hardware wallet with a simple operation interface can help us more Participate in the Solana on-chain ecosystem safely. However, due to the high threshold of hardware wallets, there are fewer users and it is suitable for those with lower risk appetite and larger capital investment.

·Command Line Wallet

The Solana command line tool can interact with several different types of wallets on Solana. If we are non-developer users and advanced users, there is actually no need to use the command line wallet. The prerequisite for using the command line wallet is to install the Solana CLI tool.

1. File system wallet

Operation guide: https://docs.solana.com/zh/wallet-guide/file-system-wallet

File system wallet In fact, it is a directory in the computer file system. Each file in the directory has a key pair (public key & private key). We can easily generate many key pairs, and the operation is extremely convenient, but the security is also very low, and these key pairs are not encrypted. If your computer is connected to the Internet, there is a high chance that the key pair could be compromised due to a malware attack.

Of course, you can also reduce security risks through some operations. Such as not connecting your computer to the internet, or using an encrypted hard drive.

2. Paper wallet

Operation guide: https://docs.solana.com/zh/wallet-guide/paper-wallet

In layman’s terms, paper wallet It is to use physical means to record mnemonic words, such as writing them on paper. Mnemonic words are usually some words. As long as the mnemonic words are recorded, we can log in to the same wallet account on different wallet applications. This is exactly the same as the Ethereum wallet.

The security of paper wallets is beyond doubt, second only to hardware wallets. When paper wallets are combined with offline signatures, paper wallets will become more secure.

3. Hardware Wallet

Operation Guide: https://docs.solana.com/zh/wallet-guide/hardware-wallets

The above is the detailed content of In-depth analysis of what wallets are suitable for the Solana chain?. For more information, please follow other related articles on the PHP Chinese website!