Sirwin
Sirwin

Tally Ho: The Simplest and Step-by-Step Guide in Web 3.0 Wallet

By Laurenceuuu | Mind++ | 24 Jul 2022


What is Tally Ho?

Tally Ho is an open-source and community-owned wallet that works through DAO which caught my attention because it shows the real meaning of decentralization.

The best feature of Tally Ho that is unique and different from other wallets is that it is operated by the users where the revenue will go back to the community.

In August 2021, Tally Ho was announced to be the first community-owned wallet.

How to setup your Tally Ho Web 3.0 Wallet?

As of writing, Tally Ho is available on desktop by the use of chrome extension where you can install it in Google Chrome, Firefox, and Brave Browser.

Tally Ho Download

First, download its extension by choosing the browser that you are using. In my case, I use Brave Browser.

Download Tally Ho in Brave Browser

Add this to your browser and start downloading the extension.

Secure your Tally Ho Wallet

After downloading, you have to enter your wallet password. make sure to use a stronger password for your security. I recommend inputting a password that has at least 1-2 uppercase, lowercase, numbers, and symbols so it is not easy to guess.

Create New Wallet in Tally Ho

Once done, create a new wallet. You can import your recovery seed phrase from Metamask, but since Tally Ho is still under development, don’t put your life savings in it.

Tally Ho will give you 24 random combinations of words, this will be your seed phrase. Make sure to keep it safe so no one can access your funds.

After saving, you can now access your Web 3.0 and open-source wallet.

Wallet Overview of Tally Ho

As of now, it has only two networks.

How to rename your wallet in Tally Ho

You can also customize your wallet by renaming it. 

What is the purpose of renaming?

Adding multiple wallets in Tally Ho

Well, if you have multiple wallets, you can import them one-by-one and manage it all in Tally Ho by adding a wallet then choosing between import wallet or create a new wallet.

Is Tally Ho safe?

I will leave the answer to you, but this community-owned wallet is supported by big and popular projects in Web 3.0.

Support of Tally Ho Wallet

but a little reminder, Tally Ho is in its early stage so it is possible to experience bugs. If you are experiencing bugs and errors, you can contact them on their Discord server.

Conclusion

This could be the Metamask competitor because of its potential, being the first community-owned Web 3.0 wallet, and being open to its community.

Now that you have learned about Tally Ho, are you going to consider using an open-source, community owned, and Web 3.0 wallet?

 

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Laurenceuuu
Laurenceuuu

Live in peace and private 🤞


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