You are free to use Nucle just like you would on the Chia full node wallet without paying any extra fees.
The password is a lock on the application, not your private keys. The password is there to protect you from leaving your wallet exposed and prevent unnecessary transactions. Why do I need a password for Nucle if it's decentralized? # As long as you remember your 12/24-word recovery phrases, you can reimport them again and gain back access to your available funds. The private key will be removed from the device's local storage. 12-word wallet generally doesn't outweigh the convenience of a 12-word one. The majority of consumer wallets today all use 12-word wallets, so this should be the prevailing technology in the future. Anyways, SPV wallets are more common for everyday use. Currently, the Chia full node wallet does not support a 12-word wallet, but it might in the future. But what about the 12-word Nucle wallet? #Īt a fundamental level, 12/24-word wallets are similar in level of security. That means at this time, the Chia blockchain wallet doesn't track the 'first wallet address,' but it will eventually. It is important to note that the Chia full node wallet still has some updates on its roadmap to add electrum-like functionality to track all addresses. That's why Nucle is a lightweight wallet since it only tracks a single wallet address of a seed that can contain infinite branches/addresses. But Nucle is an SPV wallet, which means it only sees the first branch of "first wallet address." Nucle does not track all the branches as a full blockchain wallet does. When you import into Nucle the seed, it is the same tree (seed). When you import a seed to the native Chia wallet, it sees all branches (addresses) for that tree since it is a FULL blockchain wallet. Think of a seed as a tree and a wallet address as a branch. Is the Nucle seed the same as the Chia full node wallet seed? # For more details, we recommend this article on why both 12 and 24 words wallet's security are essentially the same. In terms of security, 12-word is secure enough to against brute force attack. We reviewed the current blockchain industry and concluded that 12-word seed is the best balancing design between providing the best user experiences and security. Why does Nucle default to a 12-word recovery phrase (mnemonic seed)? # Nucle is very lightweight and can run on many platforms and systems, such as browser extensions, mobile phones, and webpages.
You can find the source code in our GitHub repository. During this process, your keys stay where they should be, on your local device and never on our servers.
We believe in this rule, and that's why on Nucle, your private keys never leave your device or transmit through our server in any way. The first and the most critical Crypto 101 rule is Not Your keys, Not Your Crypto. Nucle is a decentralized wallet, just like the Chia full node wallet. How does Nucle achieve decentralization for its wallet? Is Nucle safe? # Since Chia is using a model that is similar to Bitcoin's UTXO, a further explanation can be found here.
SPV stands for Simplified Payment Verification which allows you to use Chia without running a full node. Your first step to the Chia Defi world! Frequently Asked Questions # What is an SPV wallet? # Nucle wallet is the first decentralized SPV wallet for Chia blockchain.