DigiByte Paper Wallet

Anisa Batabyal
| 30 April, 2020 | 2 min

DigiByte, DGB is a blockchain that mainly focuses on developing decentralized applications and security of digital payments. Created in 2014 by Jared Tate, this blockchain has become the most decentralized UTXO and also the fastest and the longest blockchain available in the world today. It also offers five times more security by using five hashing algorithms, and thus the payments are more secure and safe. There are many Digibyte Wallets available in the market which can generate paper wallets. Read on to know more about it:

Where to Generate Digibyte Paper Wallet?

There are many ways to generate a paper wallet. If you already have some Digibytes, then you can go to the Wallet generator website specially created for Digibyte like walletgenerator.net. There are many Digibyte Wallets available on the website, which generates paper wallets along with having options for other types of wallets. 

How to create a DigiByte Paper Wallet Address?

Digibyte Paper Wallets are a type of cold wallet where private keys are stored on paper. It is like any other normal document where the private key for your DigiByte Wallet is printed on paper. A paper wallet will typically have a QR code embedded on it and can be used to make transactions on the Digibyte. While making transactions on the blockchain, the paper wallet will have to be signed and scanned. A software application helps in generating the public and private keys, and that can be printed using a printer. For ensuring maximum security, use an offline printer for generating the print. 

If you want to create a paper wallet address for your assets on Digibyte there are websites found on Github. 

Steps to generate the Paper Wallet Address

Download a secure website from Github. Look for the index.html file and open it on your computer. Check the version control of the code so as to verify whether the file you are running does not have any sneaky code. 

You will be getting a few security alerts when you are creating wallets on a live website. It is not recommended, as it may be malicious. Instead, it should be downloaded and generated offline. While running the installable, it checks if you are using a secure OS, which is free of viruses and spyware. Once all these are verified, you can generate the paper wallet. 

Generate the Paper wallet address by clicking on the ‘Generate New Address’ button

Once that is generated, print the paper wallet using a high-quality setting. Do not save the page as a PDF file, as it can be hacked. Fold the paper so that the keys are not visible.

Private and Public numbers on the paper

After printing the content of Digibyte Wallet download, you will find two numbers one is the public address, which is like your bank account. The public address can be shared so that you can receive funds from other cryptocurrency users. The other is the Private key, which also acts as an authenticity check to ensure the validity of the user. Keep the private key a secret as it is the key to your digital assets. If someone lays their hands on it, your funds can get stolen. 

If you are using your smartphone and have your DigiByte wallet installed there, to send money to DigiByte the public address has to be scanned. On the other hand, if your Digibyte Wallet is on your computer, then you will have to manually write down the address and type it into the Core wallet. 

Now that you know how to generate a paper wallet, it is essential to pay attention to certain things. Foremost is to keep the private key safe as you will need it to redeem the Digibyte. Once it is lost, there is no way to get it back as the private key cannot be recovered. Additionally, apart from keeping it safe, ensure that the keys are legible. 

Frequently Asked Questions (FAQ)

  1. How to store DGB on the paper wallet?

Once the paper wallet address has been created, print the paper wallet using a high-quality setting.

  1. How to import Digibyte paper wallet?

If you are using your smartphone and have your DigiByte wallet installed there, to send money to DigiByte the public address has to be scanned. On the other hand, if your Digibyte Wallet is on your computer, then you will have to manually write down the address and type it into the Core wallet. 

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