You are viewing a single comment's thread from:

RE: How to use Hive Ledger Wallet

in #engrave3 years ago

Nice to see the ability to use a Ledger device with HIVE and nice instruction - thanks!

In case someone want to keep all social abilities like posting, etc. but does want to secure funds more, he could only replace the given owner master key and uncheck the other keys, right?
So one could change all the other keys and take the ability from (potential) hackers to completely switch ownership, correct? They could "only" send HIVE or power down - but that takes 13 weeks and when you are online regullary, you can see it and change all keys with the "cold stored" owner key - am I correct?

@engrave what do you think about the idea of a translation of this article into German where I mention that you are the original publisher of this content and I only translated it to make it more accessible? Let me know!

Sort:  

That's exactly correct :)

what do you think about the idea of a translation of this article into German

Great idea, feel free to do that!

Thank you - but what position will the master key take then (since it's even more important than the owner key)?

Okay great, will post the link in the comment section of this post once I broadcasted it!

There is no such thing as a master key. Some frontends use master password which is basically a seed phrase used to derive a set of keys for a specified account. It will always generate the same set of keys, so if you replace the owner key with this derived from your hardware wallet, you won't be able to use the one derived from your master password. Of course, you will be able to use other keys (active and posting) if you unselect them while onboarding your account into hiveledger.io as you mentioned before.

Thank you so much for clearing this - didn't know that!

PS: I can't find "Hive" App on Ledger Live somehow ..

Isn't it available yet there?

Any way to use it without good programming knowledge? 😀

Ah, I answered this to myself by reading your post

grafik.png

Sorry for the stupid asking and thanks for your help so far!

No problem. I'm glad you're using it:) if you don't feel comfortable in changing your owner key, you can start with a testnet (where assets are useless and priceless): https://testnet.hiveledger.io