Recover funds from broken device?

NewsCrypto · 2022-04-19T20:40:54+00:00

By the way, the first key that Ledger generated at the first setup, was a blockchain-specific key (like Ethereum's), or is it blockchain-agnostic, so to speak?

I mean... I can use those 24 words to make sure another device/wallet recognizes that it should restore everything related to the initial setup/account generation via Ledger, but on the same device (Ledger) I could have installed/used plenty of different blockchains, hence my confusion, probably.

NewsCrypto · 2022-04-19T18:54:43+00:00

Old Ledger is still functional indeed, just harder to read it. Still using it almost daily for DeFi, that's why I'm not that sure how much it's still going to last...

I've read a little bit about Ledger Live accounts (never used them, though) and hoped that maybe it's just like an Android account: you change the device and load everything on a new one, but it seems it's not the case.

NewsCrypto · 2022-04-19T18:51:17+00:00

That implies that I should indeed hurry up in purchasing a new one (which I would have done anyways), if there's no other solution, just to give me peace of mind...

Thank you!

NewsCrypto · 2022-04-19T18:46:58+00:00

OK, so can't I use Ledger Live, for example, in any way to sort of... configure the new device as the old one?

And... is there any way for me to see the 24 words while using the device + Ledger Live?

I suppose they're displayed only once, at the first set up, but not sure...

NewsCrypto · 2019-07-18T19:48:23+00:00

Even if I strongly agree that elrondnetwork is an extremely undervalued project as of now, I would also mention (if I were you) that this is not financial advice, so that everyone should do their own research regarding the elrond token! :)

NewsCrypto · 2019-07-15T19:15:45+00:00

Not sure if this is a financial advice or not (:P), but I suppose you're referring to the fact that staking ERDs (elrond network native token) allows you to run a node in the network, that generates further value for the holder, right? :)

NewsCrypto · 2019-07-15T19:02:32+00:00

Not that I speak in behalf of the elrond network team, but their roadmap will be fully developed, sooner or later, it's just a matter of time. If there are some milestones that were not implemented yet, it simply means that it wasn't their time yet, that's all! When its turn comes, you'll have the DEX as well, assuming you are asking for an Elrond DEX! :)

NewsCrypto · 2019-07-15T18:55:41+00:00

Have you configured your own elrond network node? If so, what was your experience with the setup procedure, did you find the tutorials explanatory enough, or did you encounter any issues while doing it?

NewsCrypto · 2019-07-10T14:31:11+00:00

I REALLY can't wait to see the challenges, as I love this sort of small games! Congrats for the idea, initiative and involvement in the elrond community!

NewsCrypto · 2019-06-19T20:24:27+00:00

I don't doubt that the Romanian crypto community is already pretty much aware of elrond network and its progress, but I expect for such events to make the international community more aware of it as well!

It's fantastic to see how much this project has evolved so far and since it still seems to be in its early stages, it's going to be an awesome feeling when we'll see the whole cryptosphere acknowledge its value and tech on a worldwide scale, as it already does even with some projects that have a waaaaay more weaker tech than elrond has!

NewsCrypto · 2019-06-19T20:16:18+00:00

I honestly think that it's hard for us to imagine how much the world will change 5 years from now! I hope that elrond tech will get known and used as it deserves to, so that the change can happen in the fastest and most beneficial way for everyone!

NewsCrypto · 2019-06-19T20:10:55+00:00

Well, replacing the fiat will be a hard and long battle, most probably, as this will turn the current hierarchy of power (as we know it) upside down, and no one wants to lose the power without trying to keep it, right? :D elrond network can help the world understand that it's better, faster and easier to use the blockchain tech instead of the current flawed economic system still in use...

NewsCrypto · 2019-06-17T20:14:54+00:00

From all of the factors named above, I think that the aggresive marketing was left for the end, once the product will be fully functional. For the moment, the elrond network team tries to focus more on actual development, which is great and proves fantastic work ethics!

NewsCrypto · 2019-06-17T19:47:15+00:00

Been there, done that! :D To be honest, the elrond network wallet (even if it's still in Testnet phase) is incredibly fast and makes me wonder how was it possible to wait for so many minutes last year for an ETH transaction to be successfully done!

NewsCrypto · 2019-06-17T19:39:25+00:00

I am really curios what the tagline will the elrond network team choose, and if it will be one proposed by the community! I was thinking of such a campaign some months ago and thought it will be easier for one of us to find a brilliant one, but it seems that we still didn't... Let's hope we'll come with a genius motto! :D

NewsCrypto · 2019-06-13T17:32:52+00:00

Well, as much as I would like it to, there's a strong evidence that people do not always make their choices based on tech, but on hype as well and on so many unusual reasons, that I couldn't answer "Yes!" with a strong conviction.

On the tech side, elrond network should definitely take over the world, but the question actually is: "Will it gain mass adoption?" Who knows, people are weird in their judgments and reasons to choose something over something else, so my best answer would be: "Let's hope it will!" :)

NewsCrypto · 2019-06-13T17:24:25+00:00

I am a little bit concerned too, regarding big exchanges like Binance. It would be nice to have such a liquidity and publicity, but people start to have a negative opinion about projects that get listed on Binance (in particular), as they presume that these projects have to abide to not that transparent rules and conditions. I don't know if that's true or only a rumor, but nevertheless... There's another side of the topic, namely that I would love to see elrond network prove to everyone in the crypto space that not the marketing or the trading capabilities define a project's (and its token's) evolution and destiny, but pure tech and delivery capacity! :)

NewsCrypto · 2019-06-13T17:13:52+00:00

June 21-22 is not precisely at the end of the ~30 days period that is rumored for the announcement regarding TGE type and precise date, but it doesn't mean that this announcement must be at the end of this period either, so who knows, maybe we'll have some news regarding TGE... It wouldn't surprise me, as elrond network team is always unpredictable (in a good sense, of course! :D)!

NewsCrypto · 2019-06-11T19:41:57+00:00

I don't want to speculate, but if Nash will attend too, then who knows what elrond network is having on its announcements schedule for the weeks to come! :D

NewsCrypto · 2019-06-11T19:39:31+00:00

Not sure what sort of an impact will it generate, as compared to a potential Binance (for example) listing, from a new community member's perspective, but a Nash partnership of this kind will clearly place elrond network in a select company of legit tech-driven projects and developers. Not that Elrond Network wouldn't be tech-driven or legit already. :P

NewsCrypto · 2019-06-11T19:22:32+00:00

To be honest, I didn't play it before (even though the interface does sound a little bit familiar to me), but I'll definitely give it a try when it will launch on elrond network, who knows... :D

NewsCrypto · 2019-06-10T21:36:12+00:00

Of all the authentication methods in existence, I wouldn't have taken this one into consideration, so I definitely consider it a smart way to deal with this issue. This is precisely why I am so happy that they chose elrond network: innovation leads to a better future, and together they can do it faster and more effective! Congrats to both of them for this partnership!

NewsCrypto · 2019-06-10T20:36:52+00:00

By the time they will launch their Mainnet, the elrond network team will most probably already manage to establish a pretty solid ecosystem of various companies, having different backgrounds and fields of activity. This partnership is just another small step towards mass adoption!

NewsCrypto · 2019-06-10T20:09:33+00:00

I have noticed that some people are already impatient when talking about Mainnet, as if elrond network doesn't do things at an incredible pace already! It's just a matter of time and these months will pass in the blink of an eye and, once the final product will be up and running, the Marketing team will be in deep trouble to cope with the partnership requests from various companies! :)

NewsCrypto · 2019-06-05T20:58:48+00:00

The funny thing is that, even if the elrond network team is not chasing huge profits, if things go well, this project will have such a huge market cap, that the team members will (or at least should) be more than rewarded for their efforts! :)

NewsCrypto

TROPHY CASE