Post
Topic
Board Wallet software
Re: Firmware Upgrades for Hardware wallets their weakness?
by
Lucius
on 14/05/2022, 09:41:46 UTC
I'd say Ledger is already the most "idiot proof" hardware wallet we have right now...

I agree that it can't be simpler than the current process (although I may be wrong), especially if I remember what it was like in the past when some people needed hours (or even days) to complete the firmware upgrade. Some people are quite afraid of this procedure for fear that something will go wrong and that they will lose their coins, although because of such things we have a backup.



What happens when Ledger or any hardware manufacturer goes bankrupt and exploits are found and the developers are not there to plug the holes? (Export seed to Electrum?)

Nothing lasts forever, so one should not expect Ledger to always exist. In the event that Ledger stops supporting its devices, anyone who doesn't feel safe will look for an alternative.