If Ledger went broke and their Live service stopped working, would I lose my XRP crypto? Or can I still trade it using the app I have installed? The real cost of using this tech is horrendous, as you have to spend hours figuring out both the paradigm and operational details.
I'm not sure if you would be able to move coins from a wallet that is no long hosted. The hosting service would need to verify your ownership of the wallet, before it would be able to transfer the contents to a new wallet.
Technically, as long as a copy of the Blockchain exists somewhere on the decentralized network, you would be able to look at the blockchain, and verify how many you own of what.
[Personal note:
Seriously, MG, ty 🙏😽💞]
The Live service is just a service. Your XRP is stored and encrypted on the XRP distributed ledger. The encrypted private key created by the Nano, using the random 24 words generated, is what gives you access to your XRP account on the blockchain. So you guarded the generated private key by writing down the words, in order, and storing them on a piece of paper in a secure place. I use Live and don't believe there will be problems, but if there are problems in the future, you'll be okay as long as have your Nano and/or the paper with the 24 words. Here is a link to LIve alternatives:
https://sourceforge.net/software/product/Ledger-Live/alternatives
Best Ledger Live Alternatives & Competitors
Compare the best Ledger Live alternatives in 2022. Explore user reviews, ratings, and pricing of alternatives and competitors to Ledger Live.
https://sourceforge.net/software/product/Ledger-Live/alternatives
Ohio Patriot. Jesus Christ is Lord. Family First. It is better to be a warrior in a garden, than a gardener in a war.
So wondering then, it wouldnt matter if you had your XRP all on one Live, or if you spread them out between multiple devices, because its all stored on the blockchain?? Is this correct?
South African born currently living on the island of Malta and i love the Lord Jesus
just thinking you have your xrp address
(...)"Whom ever is navigating these storms and waters with us, we are aboard, and on deck, because alas~ WWG1WGA" ~R
One question I keep thinking about…
Can an EMP wipe out your Ledger?
Also, can a static bag for electrical/computer components act as a Faraday bag?
Patriot dad of two beautiful babies. Fighting for truth and justice. Fighting for peace.
I store my ledger in a faraday bag
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