ELI5 – what is my Reddit vault? How does it differ from a standard Ethereum wallet? Why is there no GAS associated with Moons, and how does the entire system interact with Polygon?

Please forgive my lack of deeper understanding here, I know quite a bit about blockchain and wallets in general, and self custody my own crypto, but I know only a small amount about smart contracts, and I’m not a particularly technical person.

I’m really curious to understand the ins and outs of the Reddit vault. I know there’s a randomly generated seed tied to a Memnonic and that Reddit has no actual control or access to the actual vault. But is it a standard Ethereum address? Could I use my Reddit vault as a regular Ethereum wallet if I loaded it up in metamask? Could I transfer ETH or other currencies to the vault? Is it something else entirely?

If it is a fully functioning ETH wallet, then how do I know that seed is actually safe and can’t be reverse engineered in some way because it was generated through Reddit?

Now that Reddit has NFTs I understand these are published under the Polygon/Matic network, I know absolutely 0 about Polygon, but I assume it’s an L2 rollup for Ethereum? Are Moons on the test net for the actual Ethereum network, or are they also housed on Polygon? How much control does Reddit actually have over these NFTs, can I take custody of them now, can I trade them now, or does Reddit have some form of control over the sale? I know that royalties are sent to artists, but how is the gas for the transfer actually funded if I decided to exchange them? How would Reddit actually know if I was buying/selling them or transferring them to my own wallet?

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4 thoughts on “ELI5 – what is my Reddit vault? How does it differ from a standard Ethereum wallet? Why is there no GAS associated with Moons, and how does the entire system interact with Polygon?”

  1. >But is it a standard Ethereum address? Could I use my Reddit vault as a regular Ethereum wallet if I loaded it up in metamask?

    Yep. Standard ETH wallet. No gas currently as Moons are on testnet.

    ​

    >how do I know that seed is actually safe and can’t be reverse engineered in some way because it was generated through Reddit?

    Nothing is ever 100% secure. You could ask the same question about a wallet generated by Exodus or Metamask. The way I see is that reddit already got a fucking bunch of Moons and Bricks so no point in robbing mine as well.

    >Are Moons on the test net for the actual Ethereum network, or are they also housed on Polygon?

    Moons started on the rinkeby testnet. Then they were migrated to a custom [Arbitrum Network](https://testnet.redditspace.com/).
    Soon^(TM) they will move/migrate to another L2 Arbitrum network aka Ethereum mainnet.

    I’m not 100% on the NFT’s but they are on Polygon yeah and I’ve seen terms stating that reddit get part of the fee if you sell it. I only got one because I’m financially irresponsible and I fucking love Centaurs.

    We have a [Moons wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki/) that might be able to answer your questions as well.

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  2. I think that subreddit need a sticky post about reddit vault. Is so important and we should welcome the new ones and give them the possibility to earn that sweet moons

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