How to connect D’cent Wallet with Yodaplus Multisig Vault?
Today’s world is burgeoning with innovations in a lot of new technologies. The prominent among those are in blockchain, cryptocurrency, NFTs, etc. Talking about cryptocurrency, in particular, people performing crypto transactions require digital wallets such as Multisig Wallet. In the article to follow, we shall be discussing Yodaplus Multisig Vault, which is a crypto wallet setting its foot in the blockchain marketplace. If we look at the current mobile wallet market statistics, you will be surprised to see the whopping numbers alone in North America itself.
With the advancements in cryptocurrency market and the growing usage of Multisig wallets, it is important for us to know how Yodaplus Multisig Vault can be used with hardware wallet. Let’s Explore.
What is a Hardware Wallet?
A hardware wallet, in relation to cryptocurrency, is a physical medium with a program that stores the public and/or private keys for cryptocurrency transactions. In addition to it, a hardware wallet also offers the functionality of encrypting or signing information.
Let me brief you about the benefits involved:
- Your private key is secure as it is never exposed to your computer.
- The hardware wallet is immune to computer viruses.
- A confirmation is required by the hardware wallet before performing any transaction.
- The wallet is encrypted with pin numbers that add another layer to the security.
- The software used in the wallet is usually open-source allowing users to validate the entire operation of the device.
- Plus, these wallets can hold multiple currencies.
How to connect Hardware Wallet to Yodaplus Multisig Vault?
These hardware wallets can be easily connected to the Yodaplus multisig Vault. Let’s take a look at the steps involved in connecting them.
Step 1: Open yplusvault.com and connect to walletconnect. You will see a QR code that will be used in step 5.
Step 2: Open the D’Cent mobile app and connect to the D’Cent hardware wallet.
Step 3: Click on the discovery tab in the bottom nav bar of the mobile app.
Step 4: Click on the network icon in top right section next to search box. Switch to the Xinfin network in the resulting popup.
Step 5: Next Click on the walletconnect icon on top left section next to search box and scan the QR code.
Step 6: Approve the connection in the mobile app. You are now connected to the D’Cent wallet to perform the transactions.
Step 7: Perform the transaction as per the requirement of the individual or the organization.
Step 8: Disconnect the hardware wallet after the secure transactions.
It’s very easy. Isn’t it?
The hardware wallet will remain secure with you until it is either stolen or compromised in an unexpected accident.
You can even watch this video for a further understanding of connecting the Yodaplus Multisig Vault with the Hardware Wallet.
Let’s look at the transaction screen shared by the user.
Wrapping Up
The crypto world is advancing at a tremendous speed where Multisig Wallets are proving a knack in enhancing the security of the funds. It has also helped us with the tools that could enforce corporate governance. Well, the future holds a lot of potential with respect to the further development of the Multisig Wallet and enhancing the security of the funds.
