The Cardano (ADA) blockchain became more significant with the introduction of new tokens. Users exploring this crypto network need Web3 wallets to manage ADA assets. Typhon is among the best non-custodial wallets designed to store, send, and manage Cardano (ADA) and its native tokens. It also allows users to interact with decentralized applications (dApps) and NFTs and perform other tasks on the Cardano network.
Typhon Wallet is also compatible with existing ADA wallets, ensuring a smooth transition for users. Hence, Cardano enthusiasts can import existing wallets to Typhon to gain access to better features and an overall better experience. Navigating the Typhon wallet begins with installing and creating your account on the wallet via the website or mobile application. This article will reveal all you should know about Typhon Wallet and explain how to download it in a few easy steps.
What is the Typhon Wallet, and Why Do You Need It?
Typhon Wallet is an advanced non-custodial Cardano extension and web app that allows users to navigate the Cardano network. The wallet will enable you to store, transfer, receive, stake, and manage ADA, NFTs, and Cardano dApps.
Typhon Wallet also offers hardware wallet support for Trezor and Ledger hardware wallets. Additionally, Typhon Wallet is renowned for its transaction speed, multiple delegation feature, and layered security protocols to protect user assets.
Cardano operates on its blockchain and does not support Ethereum Virtual Machine (EVM) based smart contracts or tokens. This means Ethereum wallets, like MetaMask, cannot be used to store or interact with Cardano assets. Hence, you need wallets built explicitly for the network to manage Cardano tokens. Typhon wallet is an excellent choice and a must-have for crypto enthusiasts exploring the Cardano blockchain.
Also Read: How to Buy Cardano
Getting Started With Typhon Wallet
Downloading and Installing
You can access the Typhon wallet on your PC or desktop browser by installing the extension or via the web wallet. Typhon Wallet supports direct downloads from Chrome, Brave, and Edge browsers. This makes it very accessible, as most devices support one or all supported browsers.
In this guide, we will focus on downloading the Typhon wallet via the Chrome browser, but the process is similar if you use Brave and Edge. Here’s a step-by-step guide to download and install your Typhon wallet:
Step 1: Visit the official website of Typhon Wallet.
Step 2: On the top right corner, click Download Extension
Step 3: Select Chrome or your preferred browser from the download options list.
Step 4: In the Chrome store page, click Add to Desktop.
Step 5: Pin the extension on Chrome for easy access from a single click.
Wallet Creation
Once you successfully download and install the Typhon wallet, a new window will appear with options for getting started. You can create a new wallet, import an existing wallet, or pair it with your hardware wallet.
Here’s a detailed guide to set up your Typhon wallet:
Step 1: Click Create New Wallet to get full access to Typhon.
Step 2: Next, set up a name, and password for your new Typhon wallet, and click Continue.
Step 3: Choose your preferred seed phrase format (12, 15, or 24), and then copy and paste the seed phrases into your clipboard or other secure places. After that, click on “I Wrote Down The Mnemonic Securely“.
Step 4: In this step, verify the backup seed phrase by filling the missing box with the appropriate phrase, and clicking “Verify And Unlock“.
Step 5: Lastly, choose the type of wallet you want, i.e., single or multiple-address wallet.
Once you’ve completed the steps, you can access all of Typhon’s features to interact with the Cardano blockchain. Other interesting features include staking, NFT interaction, multi-delegation, Catalyst voting, multi-account, and many more.
Quick Tour of the Typhon Wallet Features
We’ve highlighted a few of Typhon wallet’s features in previous sections of this post, but let’s explain the main perks of the wallet more thoroughly:
1. Multi-Platform Support: The Typhon Wallet is available as an extension for Chrome, Microsoft Edge, and Brave browsers. Typhon also offers a lightweight web wallet that is accessible through standard web browsers. So, if you’re not a fan of browser extensions, you can still access your wallet to manage Cardano tokens.
2. Hardware Wallet Integration: Typhon Wallet integrates with Ledger Nano S/X and Trezor Model T hardware wallets. Users can, therefore, manage their assets securely by keeping private keys offline.
3. Catalyst Voting: Typhon Wallet users can register for Project Catalyst voting to participate in Cardano’s on-chain governance by voting on community proposals.
4. Multiple Wallet Address Options: When creating an account, users can set their wallet to an HD (Hierarchical Deterministic) wallet or a single-address wallet. HD wallet users can generate multiple addresses from a single mnemonic seed, enhancing security and privacy. On the other hand, single-address wallet models enhance simplicity and faster transactions.
5. Decentralized Application (dApp) Interaction: Typhon Wallet implements the CIP30 dApp connector standard, which simplifies developers’ complex tasks and enables interaction with Cardano-based decentralized applications.
6. Staking: Users can delegate their ADA to staking pools directly from the interface to earn passive income through staking rewards. You can also unstake your assets whenever you want to.
Bottom Line
Since Cardano (ADA) is non-EVM compatible, the Typhon wallet is handy for interacting with the network. It provides secure storage, staking options, dApp integration, and other perks you need to manage ADA and Cardano-native tokens. Follow the steps highlighted in this post to download, install, and set up your Typhon wallet within minutes. Also, download the wallet ONLY from the official website for security purposes.
FAQs
1. Who developed the Typhon Wallet?
Typhon wallet was created and developed from scratch by the Strica team, using their own open-sourced wallet libraries.
2. Can I access the Cardano testnet through Typhon?
Yes. The Typhon Wallet code can create wallets for the Cardano mainnet and testnet. You can also switch between the Cardano mainnet and testnet using the toggle button on the Typhon wallet.
3. Can I install the Typhon Wallet on my mobile phone?
No, there is no mobile application for Typhon Wallet yet. Typhon Wallet is only available as an extension on Chrome, Brave, and Edge browsers.
4. Does Typhon Wallet collect personal data?
No, Typhon Wallet does not require KYC verification or the collection of any personal details before creating an account.
5. Can I own a Typhon Wallet without having ADA?
Yes, you can create a Typhon wallet account without owning ADA tokens. However, you need ADA for transaction fees and staking. Without ADA, you cannot interact with the Cardano network.
