Needless to say, knowing how to make a backup is one of the most important things when dealing with crypto. Without a backup, you put yourself in all sorts of risk of losing your funds. As I often say about cryptocurrency: With full control comes full responsibility.
Repository: https://github.com/byteball/byteball
A very important detail is understanding the difference between backing up the wallet seed and making a full wallet backup. While backing up the wallet seed will allow the user to restore the Bytes in the wallet, it won't restore private assets such as blackbytes, ICO tokens or smart contracts. Particularly the latter is highly relevant to the vast amount of Steem users having claimed the reward and who now hold Bytes in a time locked smart contract for 1 full year.
There are details to be found on the Byteball Wiki but to some, reading isn't the preferred way of learning and understanding.
The multi-signature wallet is a feature allowing more devices to share access to the same wallet. Any amount of devices can share the same wallet, thereby reducing the risk of losing funds if a device breaks or gets stolen. You can also define how many devices are required to be able to spend funds from the wallet. A typical setup would be 3 devices sharing a wallet that requires at least 2 devices to sign spends. It's called a 2-of-3 wallet. Should a device get stolen, the thief won't be able to access the funds since 2 devices are required to sign. More information on this feature can be found on the Byteball Wiki's wallet-section.
As not all users are native English speakers, we would love to see contributions in other languages than English, too.
Submitted video should be hosted on either YouTube or DTube and embedded in the submission post and must not be older than 14 days. Byteball will link to your videos so contributions must be publicly visible. Both the backup process as well as the multi-signature feature must be in the same video. It can be separate parts, though. Preferably the duration of the entire video should be no longer than 10 minutes.
While it never becomes irrelevant to users to know how to make a backup, we would appreciate contributions to be submitted before August 13th. The best video tutorial for each language will be linked to from the official Byteball wiki.
Utopian.io is running this task request on behalf of ByteBall.org.
Rewards generated by this task request will be sent as Liquid STEEM to the task solver once the task is completed, as decided by the Project owner.
Additional rewards will be generated by publishing the video tutorial using the tags utopian-io and video-tutorials on task completed. It is important to know only contributions in English will be eligible for moderation and rewarding by Utopian.io.
