1. You only need your passphrases to access your account (no files need to be saved!)
2. Never lose your passphrase(s) or your LSK are gone forever!
Your account id:
– Before sending LSK to a new account, log out after you’ve created it and log in again to make sure
the passphrase you’ve written down is correct and you always access the correct account id.
If you’re 100% sure, it’s okay store your passphrase(s).
Some storage tips:
– Print your passphrases on paper (two times) and store them at different Wplaces (parents,…)
– If you want to be more safe, put the papers into a fireproof tresor
– Additional, save your passphrase in a txt-file on an encrypted (VeraCrypt) USB-stick
– Store your papers and USB-stick(s) on different places
I strongly recommend to create a second passphrase for your account.
It’s like a two-factor authentication. Again, never lose it or your LSK are gone forever!
If you decide to set a second passphrase, then your first passphrase will be needed
to log in to your account and the second passphrase will be needed to send LSK or
vote for delegates.
You need at least 5 LSK on your account, to set a second passphrase.
The Lisk team might reduce this fee with increased LSK price in later days.
Finally, I’ll show you where to click to set a second passphrase.
I hope this video can help you to run Lisk Nano on Ubuntu and how to create your first Lisk account(s).
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