Creating an Ethereum wallet
In this section, we will go through the details of creating an Ethereum wallet. There are a lot of wallet software packages available on the market. For illustration purposes, we will use MyCrypto, the free, open source wallet for interfacing with the Ethereum network. The desktop version of MyCrypto allows you to create new wallets. You can download MyCrypto Desktop at https://app.mycrypto.com/download-desktop-app.
The following are the steps to create a wallet:
- Open MyCrypto.
- Click on Create New Wallet in the left-hand sidebar.
- Navigate to Create New Wallet on the next page, as shown in the following screenshot:
Figure 14.5 – MyCrypto
- Click on Generate a Wallet. It will bring you to the next page with two options:
- Keystore file
- Mnemonic phrase
Now, we are going to create a non-deterministic HD wallet.
Creating a non-deterministic wallet
We will start by generating a Keystore file...
