![]() ![]() What makes this guide interesting is how much praise it has for Cardano and its $ADA token. On June 16, Ledger Academy published a guide titled “ What Is Cardano” for beginners. Support for $ADA on the Ledger Live desktop app means that “you can not only secure your private keys offline as you interact, but also manage, send and receive your tokens seamlessly on your Ledger Live interface.” It allows buying $ADA tokens directly via Ledger’s API partner, MoonPay, and have them be sent “straight to your Ledger Nano.” That’s right – it’s You can now send, receive & buy your ADA directly with Ledger Live! □ We do not hold nor have access to the other shards that make a complete seed phrase.It's probably been on your rADAr for a while, so we thought we'd ADApt & add something special to Ledger Live. Coincover or the other backup providers will only ever manage one encrypted shard. Coincover will never be able to access your seed phrase. Any order of this nature would realistically only ever be obtained in the most serious cases of criminality (such as where terrorist financing is suspected). Two of them would need to be recombined and decrypted, with separate keys. These individual fragments are not exploitable on their own. Since a minimum of two of three fragments would be required to gain access to your wallet, it is likely that an order would need to be obtained in at least two jurisdictions. You should also note that the Recovery Seed Phrase (RSP) is encrypted and split into three fragments – all of which are held by independent companies established in separate legal systems. It may result in a criminal offense for any entity supporting Ledger Recover to fail to comply with a production order, but Coincover would always take all reasonable steps to verify a production order before complying with it. For example, law enforcement agencies often have extensive criminal investigation powers including the ability to obtain production orders requiring information to be produced. Ĭoincover will never pass your information to a third-party unless it has a legal obligation to do so. For a technical explanation of how Ledger Recover operates, see Charles Guillemet's tweet. ![]() To learn more about how the process works behind the scenes, read this explanation from Ledger's CTO Charles Guillemet and check out his interview about wallet security. ![]() Ledger's Operating System allows access to the private key stored within the Secure Element, but only after you manually approve and confirm it. ![]() Ledger devices protect your private key with a Secure Element, a technology that has been battle-tested and used in the finance industry for 30 years, from storing passwords and fingerprints to processing contactless payments. To sign the transactions, wallets need to access your private key. Hardware wallets have two primary purposes: to safeguard your private key and sign transactions on the blockchain. To better understand this, let's go back to the basics and see how hardware wallets-which can be described as signing devices-work. No access to your private key was made to enable Ledger Recover to work. Ledger Recover service follows the same principle as signing the transaction on a blockchain-securely and only with your permission. ![]()
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