Is a hardware wallet like the Ledger Nano S basically just a normal security token but tied to a wallet on the blockchain ? Is this basically correct? Or is there more to it?
Hardware wallet
Jose Myers
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Luke Kelly
>RRRRRRRRRRRRRRRRRRR
tigerrrrrrrrrrrrrrrrrrrrrrrr. Anyone got the set where she wears blue contact lenses and a schoolgirl uniform? Asking for my friend down here.
Jonathan Collins
Private key sits physically inside the chip in the Ledger Nano S device.
Whenever you want to send your crypto, an "unsigned transaction" goes into the device. The private key signs it, then a "signed transaction" comes out and is broadcast to the network. All this happens without the private key ever being exposed to the system.
John Long
yeah, you can achieve the same with a secondary offline computer, right? What kind of software do you need for this? Or this this a feature of your wallet?
Oliver Jackson
your taste in women is like that of a 12-year olds. seriously
Ryan Phillips
what do you mean? SHE IS A WOMEN?! NOOOOOOOOOOO
Jeremiah Hill
>her
Isaac Butler
>yeah, you can achieve the same with a secondary offline computer, right?
Almost. It depends on how you transfer your unsigned transaction from your online computer to your offline computer. The chances are ridiculously slim, but there's always a chance that someone could design some malware to piggy back on USB's or whatever specifically looking for air-gapped computers to change transactions.
Hardware wallet is still the best investment you can make if you have investments worth $500+ involved.
Lucas Miller
an offline computer is enough, but usually much more expensive, and bigger.
And by completely offline you have to make sure it doesn't even have a smart printer connected.
And that it NEVER ever goes online again
Landon Harris
Dat e-gf