A Wallet Browser Extension is a browser add-on (e.g., for Chrome) that provides functionalities like generating and managing blockchain accounts (private keys and addresses), sending transactions, and signing information. Web-based dApps interact with the user’s account via this extension.
Common examples include:
A Mobile Wallet offers similar features as a browser extension but operates as a standalone app on smartphones, allowing apps to interact with user accounts.
Let’s take step by step to install and init Arconnect wallet:
If this is the first time you use Arconnect, you can click Generate Wallet Button to get a new one.
A seed phrase is a set of words generated by a cryptocurrency wallet that serves as a backup, allowing you to recover your wallet and access your funds. It is directly related to the private key, which is derived from the seed phrase. The private key is a cryptographic key that enables you to sign transactions and control your blockchain address. Essentially, the seed phrase is the master key, while the private key is an individual key derived from it to manage specific actions within your wallet.