The most important thing we do when creating a non-custodial wallet is write down our seed key on a sheet of paper. But, what if I tell you that you can create a non-custodial wallet with a six-digit password and maintain security and privacy?
Also, many non-custodial wallets only let you create one account per user. Wouldn’t it be more convenient to make your seed phrase and create several reports? Not only would it be much easier to remember, but you can manage your portfolio better by adding different accounts with a unique names for each other.
Download from the App Store at https://t.co/QlzC6H7z4F
— Dock (@docknetwork) December 16, 2021
Therefore, in this article, you’ll discover how to use it and its unique benefits. Also, you can watch this video to continue learning about the Dock wallet. However, let’s start by knowing how Dock works.
What is Dock?
The Dock is an integrated solution to develop decentralized credentials to let people manage them securely and privately. Also, this platform has an advanced interoperability capacity that allows Dock can build across different blockchains by incorporating decentralized standards from the Web3 Consortium (W3C).
Moreover, it’s important to mention that the Dock app was audited by Oak Security. This was thanks to the cryptographic techniques that Dock has combined with its PoS blockchain. Now let’s learn how you can use the dock wallet.
How to Use the Dock Wallet?
To use the Dock wallet, you need to follow these steps to create it:
- Download the wallet (Android and iOS)
- Create a new wallet.
- Pick your 6-number password
- Write down your 12-word seed phrase.
Once you’ve created the account, you can:
- Send/receive $DOCK tokens
- Details / Remove wallet
- Create a new account / Import an existing account.
- Remove /Backup wallet.
Look at the following picture to see where you can find these options:
Benefits from Using the Dock Wallet
The dock wallet has improved how crypto adopters are managing their tokens, having the following advantages:
- Leverage user experience.
- Verifiable authentication credentials can be received, stored, and sent.
- Governance voting
🧑💻 Want to stake your $DOCK assets and be rewarded?
Enjoy watching 👇
How to stake $DOCK using Dock JS App
— Everstake (@everstake_pool) December 17, 2021
What Makes the Dock Wallet be Unique?
We consider that there are four competitors on Dock. However, they don’t offer the same services as Dock:
- Kitt: This is a platform for verifiable credentials that also adheres with the W3C standard, which was built in the Kusama Parachain. However, they don’t manage their mobile wallet, and they have a low marketcap, and its token is listed in only two exchanges.
- VeChain: This is a decentralized identity and verifiable credential platform based in a PoA (Proof-of-authority) blockchain, a leading ecosystem project. This is the most crucial competitor of Dock.
- Evernym: Founded in 2013, one of the first (if not the first) companies focused on verifiable credentials supporting W3C standards and using Zero-Knowledge Proofs. However, it doesn’t have its blockchain and uses a permissioned blockchain.
- MATTR: Founded in 2019 with a solid technical team implementing sophisticated cryptography for verifiable credentials and DIDs using BBS+ signatures. However, it doesn’t have its blockchain, and its SDK and APIs are closed-source.
As you can see, the only competition is Vechain, which makes Docks a very innovative and robust solution for decentralized, verifiable credentials.
More About the Dock
When writing this article, $DOCK is trading at $0.06, which has grown 500% since the beginning of the year. Also, anyone can buy $DOCK tokens directly from Dock’s website using a bank transfer or a credit card or in the following exchanges:
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The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Dock.io. Copyright Altcoin Buzz Pte Ltd.