Whitepaper - Ethereum Classic With Cover

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Ethereum Classic Documentation, Release 0.1 Using Mist Ethereum wallet For the command line averse, there is now a GUI-based option for creating accounts: The “official” Mist Ethereum wallet. The Mist Ethereum wallet, and its parent Mist project, are being developed under the auspices of the Ethereum Foundation, hence the “official” status. Versions of the wallet app are available for Linux, Mac OS X, and Windows. Warning: The Mist wallet is beta software. Please beware and use it at your own risk. Creating an account using the GUI Mist Ethereum wallet couldn’t be easier. In fact, your first account is created during the installation of the app. 1. Download the latest version of the wallet app for your operating system. Opening the Wallet App will kick off syncing a full copy of the Ethereum blockchain on your computer, since you will in effect be running a full geth node. 2. Unzip the downloaded folder and run the Ethereum-Wallet executable file. 3. Wait for the blockchain to fully sync, then follow the instructions on the screen and your first account will be created. 4. When you launch the Mist Ethereum wallet for the first time, you will see the account you created during the installation process. By default it will be named MAIN ACCOUNT (ETHERBASE). 1.3. Account Management 47
Ethereum Classic Documentation, Release 0.1 5. Creating additional accounts is easy; just click on ADD ACCOUNT in the app’s main screen and enter the required password. Note: The Mist wallet is still in active development, so details of the steps outlined above may change with upgrades. Creating a Multi-Signature Wallet in Mist The Mist Ethereum wallet has an option to secure your wallet balance with a multisig wallet. The advantage of using a multisig wallet is that it requires authorization from more than one account to withdrawal larger amounts from your balance. Before you can create a multisig wallet, you’ll need to create more than one account. It’s very easy to create account files in Mist. In the ‘Accounts’ section click ‘Add Account’. Pick a strong yet easy-to-remember password (remember there is no password recovery option), confirm it, and your account is created. Create at least 2 accounts. Secondary accounts can be created on separate computers running Mist if you prefer (and theoretically make your multisig more secure doing it this way). You only need the public keys (your deposit addresses) of your secondary accounts when creating the multisig wallet (copy/paste them, do not ever type them by hand). Your primary account will be needed to create the multisig wallet contract, so it must be on the computer you are creating the multisig wallet on. Now that you have your accounts setup, be safe and back them up (if your computer crashes, you will lose your balance if you do not have a backup). Click ‘Backup’ in the top menu. Choose the ‘keystore’ folder, opposite-click on it / choose ‘copy’ (do NOT choose ‘cut’, that would be very bad). Navigate to your desktop, opposite-click in a blank area and choose ‘paste’. You may want to rename this new copy of the ‘keystore’ folder to something like ‘Ethereum-keystore-backup-year-month-day’ so you have quick recognition of it later. At this point you can then add the folder contents to a zip / rar file (and even password-protect the archive with another strong yet easy-toremember password if backing up online), copy it to a USB Drive, burn it to a CD / DVD, or upload it to online storage (Dropbox / Google Drive / etc). You now should add approximately no less than 0.02 ETH to your primary account (the account you will initiate creation of a multisig wallet with). This is required for the transaction fee when you create the multisig wallet contract. An additional 1 ETH (or more) is also needed, because Mist currently requires this to assure wallet contract transactions have enough ‘gas’ to execute properly...so no less than about 1.02 ETH total for starters. You will be entering the full addresses of all the accounts you are attaching to this multisig wallet, when you create it. I recommend copying / pasting each address into a plain text editor (notepad / kedit / etc), after going to each account’s details page in Mist, and choosing ‘copy address’ from the right-side column of buttons. Never type an address by hand, or you run a very high risk of typos and could lose your balance sending transactions to the wrong address. 48 Chapter 1. Contents
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