Today we are starting an overview series in order to bring more awareness to Citadel.one features. This piece’s focus is One-seed wallet — one of those features that make our platform unique and convenient. So let’s have a quick look!
What is a seed phrase and how it works?
A seed phrase is an arrangement of words that are used to generate the private key of your address. A simple explanation of how it works: the wallet software has a list of words taken from a “wordlist”, with each word assigned to a specific number that is involved in key-pair generation. While creating a wallet you normally see it as a random sequence of words — the phrase is usually 12 or 24 words long.
What is a Citadel One-seed?
One-seed means that only one seed phrase is generated for all addresses in your wallet. At Citadel.one we use the BIP39 standard for seed phrase generation, which means there are 2048 words in this “wordlist”. In our case, the phrase itself contains 12 randomly placed words, so the number of possible combinations would be 2048¹² = 2¹³² and the phrase would have 132 bits of security.
Why One-seed is convenient?
Citadel.one users can create addresses in multiple networks with just one seed-phrase instead of having different phrases in different wallets. As for now, we have Tezos, Secret Network, ICON, Cosmos, IOST, Orbs, Bitcoin, Ethereum, and USDT fully integrated into Citadel.one. This means you don’t have to remember seed phrases for numerous addresses in all of these networks — write down your Citadel One-seed and you are set to go!
How to create a Citadel One-seed wallet?
Let us show you how to create a One-seed wallet in less than a minute!
Don’t forget to write down your seed phrase and store it securely!
Get more from your staking!
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.
The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.
One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.
Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card. Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.
Among PoS platforms, Citadel.one supports Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST, Orbs, and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot and Ontology, are scheduled for the upcoming updates. Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the nearest future.