Open michal007 opened 2 years ago
mezuny
commented
2 years ago Hi @michal007, thanks for the suggestion! It has been brought up before, and will consider adding this feature. While it would make it easier for people with bad intentions to steal from a 'Ledger wallet' in that case, there indeed are also use-cases for people with broken devices for sure
ghost
commented
2 years ago Hi @michal007, thanks for the suggestion! It has been brought up before, and will consider adding this feature. While it would make it easier for people with bad intentions to steal from a 'Ledger wallet' in that case, there indeed are also use-cases for people with broken devices for sure
I wanted to request this feature as well. If the Ledger device is used properly, it doesn't make it any easier to steal the funds. Please add this feature, it would be really helpful for a lot of people, including myself.
Ledger nano devices generate different wallet addresses than Eternl (and other software wallet apps) from the same recovery phrase. If someone would break or lost ledger hardware wallet there are no quick and user friendly way to get access to the funds. It's either purchase another ledger or manually generating private keys from ledger-created recovery phrase which would require a lot of technical knowledge. That's why possibility to restore wallet in Eternl from ledger-created recovery phrase would be very useful.
What should also be taken under consideration is that ledger is capable of generating SHELLEY-era cardano wallet from 12-words recovery phrase (not only 24 words).
Of course I know that under normal circumstances a recovery phrase from cold wallet should not be used in hot wallets. As I mentioned above it would only be an available possibility to quickly access funds in case of broken or lost ledger hardware wallet.