Post
Topic
Board Hardware wallets
Re: If your Private Key's are compromised by manufacturer's of hardware wallet's !!
by
Beparanf
on 16/12/2021, 11:38:19 UTC
As we know Private keys are generated only Once on every hardware wallet while setting up.

We can't generate it many times as we want, if that fixed one generation of key while setting up every hardware wallet are already compromised?

How do we trust anything or anyone that it's a complete random generation, we are not in it we are trusting manufacturer's? It's like trusting third party? If any force make them cheat on it how can we protect ourself because people are trusting hardware wallets blindly thinking its 100% safe many have lifetime saving's on it !!  

There maybe possibilities of having loopholes while connecting to software's how can we trust it if they are created under any force?

How manufacturer's come out of these issue's ? what should be the next invention to protect crypto for getting more decentralised.

Questioning is the only right way, we should focus on appreciating questions to bring crypto to next level.


Disclaimer: OP is not attacking or blaming anyone, it's just a question nothing else.    

Manufacturer of hardware wallet use open source code so everyone can verify it. Hardware wallet company like trezor and ledger are both license company in there own respective company with doxxed owner. Do you think they will gamble there own reputation while they already have a successful business on hardware wallet industry? You better not get paranoid there product is already proven many times. The idea of decentralized cryptocurrency is solely relying on trust, You should not here at the first place if you can't trust.