Step by Step Instructions to download, install and set up Tally Ho digital wallet for complete beginners!
"Tally Ho is an exclamation that fox hunters use when they see a fox". Time will tell if the dog (Tally Ho) will catch the fox (Metamask) or if that fox will run away and leave the dog (Tally Ho) to despair alone far away from everyone!
The first thing I would like to do when writing this article is to greet all the readers of Publish0x, this great platform dear to me, and then all the writers and authors, and then my favorite author and one of the administrators of this platform, which is my compatriot Igor Tomić.
So this would be the second article I've ever written for a Publish0x writing contest and I'm very pleased and excited to have the opportunity to do so. Until this writing contest came along, I lived in great anticipation and couldn't wait for the opportunity to write for Publish0x.
The topic you will read in this article is already mentioned in the title, so I will start writing and explaining it without further delay. In addition to describing my own experience with the download, installation, and setup of the Tally Ho wallet, I would like to draw your attention to the fact that in my article you will be able to read the comparison and the basic differences between Metamask and Tally Ho wallet.
Tally Ho wallet download and installation
The first thing you need to download and install Tally Ho is of course a link that takes you straight to the installation page, so here's the link and let's start a new adventure:
When you open this link, the main page will appear, and in the upper right corner a brown button that says download. I tried to click that button and there was no reaction, so I think the same thing will happen to you. Do not immediately start to despair, but scroll down the page a little where you will find buttons with links for Chrome, Firefox, and Brave browsers. My choice was the Chrome browser, and of course, you have the right to choose the one that suits your taste.
Immediately after clicking on this link, Chrome's web store will open, where in the upper right corner you will see a link that says add to Chrome. Click on that link and give permission to install the extension. If you did everything right, you should get a message in the upper right corner confirming that the extension has been installed. For your Tally Ho wallet to be visible, you should now click on the EXTENSION icon located in the top right corner of the screen near the icon that indicates your Google profile. When it opens, click on the PIN icon next to the Tally Ho Wallet label, and when the PIN icon turns blue your Tally Ho should be visible in the top right corner of your screen.
Your next click should be on the Tally Ho extension located at the top right corner of your screen and when the wallet opens, click on the brown icon that says CONTINUE until you see the GET STARTED icon and then click on it.
If you did everything right, you should see a page in your wallet that says ADD ACCOUNTS and then select the CREATE NEW WALLET option on it, which should be the last of the four options, so the one at the bottom.
After clicking on this link, a page will open that says "FIRST, LET'S SECURE YOUR WALLET" where you will enter your new password and then repeat it, choose whether you want Tally Ho to be your main wallet or not, and then click on BEGIN THE HUNT button.
IT IS VERY IMPORTANT TO EMPHASIZE THAT YOUR PASSWORD SHOULD BE AS COMPLICATED AND DIFFICULT AS POSSIBLE AND NOT DUPLICATED ON OTHER SITES AND THAT YOU SHOULD STORE IT IN A SAFE PLACE OFF THE INTERNET FOR EXAMPLE IN A NOTEBOOK.
When you have chosen the password and entered it and saved it, click on the BEGIN THE HUNT button, and a page will open that says SAVE AND STORE YOUR RECOVERY PHRASE.
I CAN NOT STRESS ENOUGH THE IMPORTANCE OF THIS PART OF STARTING THE WALLET SO BE CAREFUL AND LISTEN CAREFULLY TO WHAT NEXT NEXT!
Carefully read everything that is written on the page and when you are sure that you understand everything, click on the REVEAL MY SECRET RECOVERY PHRASE button. Clicking on that button will open a page with a string of 24 words. THOSE WORDS ARE THE MOST IMPORTANT PART OF YOUR WALLET AND THE FATE OF YOUR CRYPTOCURRENCY AND NFT DEPENDS ON THEIR CAREFUL STORAGE. The loss of these words means the direct and permanent loss of all your cryptocurrency and NFT and with it the loss of all your cash equivalents. If these words are forgotten or lost there is no way to open your wallet and therefore no longer have access to your money forever!
My suggestion to you would be to write those words in a notebook and save them in a safe place, and I personally like to copy those words to a USB stick that I don't use on the Internet and also write them down on paper so that I can make sure of it multiple times.
When you have done all that carefully and conscientiously, you can move on and click on the I WROTE IT DOWN button.
Now a page will open that says VERIFY YOUR SECRET RECOVERY PHRASE and there you should click on each of your secret words in the exact order in which you have stored them before. When you have entered all the words in the correct order, the VERIFY YOUR SECRET RECOVERY PHRASE button will appear at the bottom, which you need to click on for the system to check whether the sequence of secret words entered is correct. If you have followed my instructions exactly until now, you should see the words CONGRATULATIONS and the TAKE ME TO MY WALLET button. By clicking that button, your new Tally Ho wallet should become fully active and ready to use. If this is not the case, it means that you made a mistake somewhere in the process and you should go back to the last step that was correct and slowly repeat all the steps until the end, of course reading my instructions and following them carefully.
Metamask vs. Tally Ho! The fox vs. The dog!
Who is better?
Now in this part of the text, there will be a short analysis and comparison of these two wallets, and it is intended for those who are a little more advanced in the world of cryptocurrencies and digital wallets.
The first thing I would like to point out here, and this is perhaps the biggest and most profound difference between Metamask and Tally Ho, is that Metamask is a wallet owned by a company that, of course, collects all the fees that are charged during the transactions made inside the wallet and all these monies go to the private individuals who are also the owners of Metamask, i.e. a company called ConsenSys, while the situation is completely different with Tally Ho. So, with Tally Ho, all the money collected from the fees charged during transactions carried out within the wallet does not go to a few private individuals or any company, but all that money is returned to the community of users of the Tally Ho digital wallet. This wallet, unlike Metamask, is a true decentralized digital wallet in the full sense, because there is no central body that could control it and thus fulfills the first and the basic purpose for which crypto was invented, i.e. the decentralization of finances and putting their management in the hands of private individuals i.e. us ordinary people, while large financial institutions like banks have no access or control over them.
Another big difference between these two wallets would be that Metamask is a Web2 wallet while Tally Ho is a Web3 wallet.
The third difference would be that Tally Ho can be installed as an extension for Chrome, Brave, and Firefox browsers, while Metamask could be installed on all these browsers and can also be installed as an extension for Edge, so Metamask would be at an advantage here because is supported in one browser more than Tally Ho.
One good common thing that connects them is that with both wallets the owners of the secret phrase or the master key to unlock the wallet are the users, and not some third person or company, so only the users have full ownership and the right to dispose of the wallet, which is one of the basic values for cryptocurrency advocates. If you have ever heard of the phrase "Not your keys, not your money", that phrase could not be applied to any of these wallets, because the owners of the secret words are also the owners of their money and only they can dispose of it in both of these cases.
Tally is 100% open source and owned by the community and not by a company, while Metamask tries to advertise itself as such, but that's not really the truth, because their code is actually owned by ConsenSys, and all the money they make from fees, and that would be about $1 M a day is pouring into their pockets. Being a Tally Ho contributing developer means your work will benefit the world and remain free instead of being exploited by for-profit software companies. And if you're a user, that means the Tally Ho code belongs to you as much as anyone else.
Metamask announced the release of its own token a long time ago, but despite its earnings, which amounted to around $250 M last year, that token still hasn't been released.
Tally has lower swap fees than Metamask, 0.5% vs. 1%.
Tally Ho has also announced the release of its own token named "DOGGO" and that too has not yet hit the market, but Tally Ho has only been launched recently and there are still many announcements for its upgrades and tokens so they should still be given a chance and give them some time to prove themselves and put their words into action.
These would be some of the basic features of both wallets and my Tally Ho installation guide which I have personally implemented and tested so I can confidently say that it works. I'm currently using Metamask because I'm used to it and it's been working for a long time, which doesn't mean I won't use Tally Ho in the future. In fact, I am quite sure that it will become one of my most used digital wallets, especially because of its features that enable the return of funds earned from fees back to the user community.
It is up to you, dear reader, to personally choose, based on my article and your own research, which of these two wallets is suitable for you and which one you will use because I am not a financial advisor, but I'm only expressing my own opinion. Well, good luck with that choice and follow me and keep reading my blog.
Visit my Twitter profile and you will find some very nice NFT-s
https://twitter.com/TDrinkovic
Visit my Torum profile and you will find some very nice NFT-s
Torum - Connecting Worldwide Cryptocurrency Enthusiasts
Visit my OpenSea profile and you will find some very nice NFT-s
https://opensea.io/collection/magical-creatures-in-magical-nature
Until the next article!
Regards!
Neo77
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