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.
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.
