• GTB

Daedalus Wallet

Updated: Apr 10



Daedalus is a secure, multi-platform, HD (hierarchical deterministic) wallet for the Ada cryptocurrency. With Daedalus, you can send and receive Ada and view transactions made. To explore more about transactions made, use the Cardano Block Explorer. This built-in tool is very helpful in viewing more information about Ada transactions, as well as information about the Cardano blockchain itself.


Using the Cardano Block Explorer also makes you see the information about the state of the blockchain, such as information regarding its slots and epochs.


The Daedalus wallet has many special features making it easy to use. You will also be assured and confident about its security for the following reasons. First, it has encrypted private keys and spending passwords, offering protection against security threats such as malware. The Daedalus wallets can be exported to paper certificates, giving the maximum security option of placing funds in cold storage. Redeeming your Ada cryptocurrency is made easier, as the Ada redemption is built directly into Daedalus, and supports encrypted and unencrypted redemption certificates. You will also feel more confident in your transactions as Daedalus has configurable transaction assurance level monitoring. This function allows users to be sure and confident in the case of irreversible transactions.


For now, Daedalus is only applicable in sending and receiving Ada. However, its engineers are in the process of designing and building features, so that it can include Ethereum Classic and Bitcoin support. Plans for its mobile wallet version for Android and iOS are also within reach. The developers are also planning to include Staking enabling Ada holders to participate in the block generation process, and earn more of the currency. In the future, it will also have an application store with community-built applications and support for virtually any cryptocurrency.




Below is a quick start guide on how to set up the Daedalus wallet


Section A: Installing Daedalus


First, make sure that the computer has complied with the system requirements in installing the platform.


The Daedalus wallet can work well in operating systems like: Windows 7, Windows 8, Windows 10 (Only 64-bit Windows is supported), macOS 10.12 Sierra, macOS 10.13 High Sierra, macOS 10.14 Mojave, macOS 10.15 Catalina. The Linux OS should be tested against Ubuntu 18.04, Fedora 28, and is aimed at all Linux distributions.


For its hardware requirements, the PC should have 64-bit Dual-core processors, 4GB of RAM, 10 GB of free drive space and is Broadband Internet-ready.


Go to https://daedaluswallet.io/#download and download the latest version of the Daedalus wallet.


Go to https://daedaluswallet.io/#download and download the latest version of the Daedalus wallet.


Let the Daedalus installer package unpack and install the Daedalus wallet on your machine or PC.


Once the installation is complete, you are now ready to launch the Daedalus app using the desktop icon.


Once launched, select your language and click Continue


To show that you agree with the terms of use you may click continue. Tick the box at the bottom of the popup to indicate you agree.


Once you click to show that you agree with the terms and conditions, the Daedalus wallet will start syncing blocks. While syncing blocks, it is also creating a copy of the Cardano Blockchain. The blockchain is 6 Gb on disk as of July 2019, and thus, may take a while to finish syncing and making a copy of the Cardano Blockchain. How long it takes depends on many factors and thus hard to predict.


Once the sync has reached 100% Daedalus wallet will open and show you the Daedalus wallet dashboard.


Section B: Creating a New Wallet


From the Daedalus wallet dashboard click Create.


Give the new wallet a name.


Create a spending password. This is the password required each time you send Ada and thus, this should be highly confidential.


Next record the 12-word Daedalus wallet recovery phrase. Make sure to do this as this is very important. Losing your 12-word Daedalus wallet recovery phrase will make you lose all your Ada.


You will be required to verify the12-word Daedalus wallet recovery phrase. In doing so, make sure to click the right words and incorrect order.


Remember that you can always confirm your phrase by following the instructions from this link.


Section C: Other Instructions and Important Links


As an online wallet containing cryptocurrency, the Daedalus wallet should be kept safe and secure. The following link contains tips on how to stay safe online and how to report inappropriate activity to the Cardano community.


Knowing the exchange rate of Ada is helpful, as one can readily estimate the amount when converted to another currency. Here is a link containing an updated exchange list in selling Ada.


Instructions in receiving Ada are still in the works. The following link contains instructions in Sending Ada.

0 views
  • Black Instagram Icon

©2020 by Grasp The Block.