I'm proud to announce that Ledger has finished their official review and published Hive application in their directory. This means that Hive is now officially supported and available on all Ledger devices! It has been already listed on supported crypto assets list on their official website. This is a huge milestone for Hive ecosystem as it drastically increases security and opens the ecosystem to more investors.
After almost two years of effort, countless hours of development, testing, and writing documentation, everyone can easily install Hive app directly from Ledger Live and use it to protect their accounts. In case of any problems, they can also find some official support articles.
Why is it important?
It is yet another milestone that Hive ecosystem has reached. Few weeks ago our core developers introduced One-Block Irreversibility (changes introduced in HF26) and it puts Hive in a position of the industry leader in DPOS blockchains space. Let's take advantage of this!
Improved security
Hardware wallets are considered one of the best ways to manage your crypto assets. Using a hardware wallet increases overall security because you never expose your private keys to the outside world. Private keys are securely stored inside the hardware and never leave it. Even if you connect the device via USB, there is no way to leak your private keys. That's essential for your account security as we all know that leaks happen all the time, even to those who take special care to prevent them.
More exposure for Hive ecosystem
It also opens Hive to a broader audience. From now on, it can be targeted to people that rely on hardware wallets to protect their assets. It often happens, that crypto projects without hardware wallets support are not taken seriously. It is not a case anymore for Hive and combining it with 20% APR for keeping our stable coin, it makes a great opportunity to start onboarding more and more serious investors.
Hive Ledger Wallet
Hive Ledger Wallet became the official wallet for Hive and Ledger integration. It is a featureful application that follows integration standards and allows Hive users to secure their accounts. It is available in Chrome, Opera and Brave browsers (unfortunately, other browsers do not support webUSB protocol).
Btw, if you don't have a Ledger wallet yet, buy one with this affiliate link to support me!
I'm also eager to implement or help implement Hive Ledger support in other wallets, like Vessel and Keychain to make the experience even better and easier for the end user.
If you missed my previous posts, here's the list of useful links:
- How to use Hive Ledger Wallet
- How to create cold storage wallet with Ledger Nano and earn 20% HBD stable coin interest
FAQ
What is it, for who and what does it do?
This is a way to secure your account. Ultimately. You can replace your authority keys with those from your hardware wallet and use it to sign any transaction. It's not going to make your Hive experience easier but it will be a great way to create a safe cold wallet.
It is for everyone who wants to protect himself from being scammed or compromised. Keeping your owner key on Ledger device makes your account almost impossible to hack (this of course depends on how you treat your seed phrase). But from the key perspective - no one will have a chance to see it.
What happens if my device breaks / I lose it?
All keys available on the device are derived from a single seed phrase in a deterministic and secure way by following SLIP-0048 standard. This means that in case of any problems with your device, you can recreate another one using the same seed phrase and replace it. You can even use multiple devices with the same seed phrase at the same time and it will work seamlessly.
Can I use my device to protect multiple accounts?
Yes, keys can be derived from a hierarchical tree with an almost unlimited amount of branches, which means you can secure all of your accounts. I already did that and replaced owner keys in all my Hive accounts. You don't even need to remember anything - hiveledger.io will automatically discover all your accounts every time you visit it.
Can I power up Hive that is held on Ledger?
First - it's crucial to understand that all your assets are stored in a decentralized database (blockchain) and Ledger device only keeps your private keys. This means that you can perform any operation while having an account associated with Ledger device.
You can use Ledger to sign any transaction. It includes staking (powering up), governance operations, transfers and all L2 operations as well.
Would I still be able to vote and earn curation rewards?
As stated above - yes, you can perform any operation on Hive blockchain. It might be difficult at the moment because if you replace active and posting keys, you rely on hiveledger.io which does not allow you to perform social operations easily but it will be accessible when we add Ledger support to Hive Keychain.
Can I replace only the master key to keep all social abilities like posting?
That's correct and I would say it's recommended way. If you replace your owner key you are sure no one can steal your account. If you keep your old active and posting keys, you can keep using Hive Keychain or whatever wallet you're using right now.
On this screen you need to unselect active and posting keys to keep the access in Hive Keychain:
You may want to replace all your keys only if you want to create a safe cold storage wallet that is ultimately protected.
I was using Hive app in developer mode, should I update it?
It is recommended to disable developer mode in Ledger Live and update Hive app to the latest version. It introduces a blind signing feature that might be required to sign some of the transactions.
I use Hive so actively that it's probably a hassle for me to sign anything with the Ledger device.
You can always replace only your owner key to ultimately protect your account, leaving current active and posting keys to be able to interact with other frontends. That's what I did. I'm able to write on peakd.com and sign it with Keychain and also interact with Hive Ledger Wallet at the same time.
Call to action - Hive needs you!
This is a great opportunity for the entire ecosystem and let's take advantage of this! Please spread and share this article to reach people that might be interested in Hive. Write your own and share it on Twitter, Facebook and other social media websites! The more people will hear about Hive the better for all of us!
Don't forget to support me with your witness vote! Click here or on the image below:
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This is so cool! Thanks a ton! Whales should feel more comfortable investing large sums 🐳 !PIZZA
@banglawolf, sorry! You need more to stake more $PIZZA to use this command.
The minimum requirement is 20.0 PIZZA staked.
More $PIZZA is available from Hive-Engine or Tribaldex
As a ledger user myself, I will look into this for sure.
Great to see this now after all the effort and work you guys have put in! Congrats to the team and all of #hive!
I hope we will get more exposure with this, that's a win for everyone here!
This is absolutely awesome, congrats on a huge achievement.
The option to link only the master key pair to Ledger is a life safer !LOLZ
@tipu curate
Upvoted 👌 (Mana: 45/55) Liquid rewards.
Just amazing. Great work man 👍
This is excellent news, although I've not managed to get it to work with my Nano S, it won't connect, tried it on my pc and mac, different browsers but still no connection.
Sorry it's a Nano S Plus, not the standard Nano S.
If you have Ledger Live open it can make some problems, please close it and try again. And let's move to our Discord to solve the issue faster :)
Congratulations! Definitely a milestone for Hive and the Hive Ledger wallet and thanks for all the effort.
I might drag out that old Ledger I have an try it out.
Feel free, it's easy to use and safe. Just read some tutorials and make sure you know what happens with your account and Keychain if you replace active and posting key :)
This is so cool! Thanks a ton! Whales should feel more comfortable investing large sums 🐳 !PIZZA
Hopefully we will get some whales onboarded soon:)
Big News!! Great Job done.
Thanks a lot!
That’s it, another milestone!
We are on the track, the future is building in Hive blockchain 🥰🥰🥰
!PIZZA
That's true, Hive is great and it's getting better every day!
This is a great feature i feeling safe already knowing we have Ledger wallet and it is now functional, I read the content and it almost safer because it has a higher security future and when it comes to Blockchain wallets are supposed to be more annex, I have a question why do we have to pay to have the ledger account, I am not against it but just curious why?
Where did you read something like this? Hive accounts are not free basically and someone needs to pay for them. If you use popular frontends to register, they just pay for your account. If you want to create a new one for yourself, you need to pay for it on your own. It has nothing to do with Ledger.
Alright thanks it is understood now my bad pardon me!.
No problem, I just wanted to make it clear :)
You did right if not I would have let that wrong mindset dwell in and ignorantly mislead other people thanks so much.
But trust me it is a great feature and I can't wait to be part of it.
It's great to see this now, after all your hard work and effort. Amazing. Fantastic job Big News well done.
Thanks for you support!
A milestone indeed for Hive and an opportunity to get more people, especially investors to embrace Hive more. The FAQ is explainable and one needs to protect his or her account safely. Strictly following the faq is sure a guide to helping you use the Hive App. Kudos to the team working behind this.
I wanted it to be easy to use and understandable, hope it worked well. Thanks!
This is indeed a good development
Sure, I understand all you wrote and I believe others would too. Thank you
This is amazing! I already secured my account and I can breath much easier :)
Awesome! :D
THIS IS HUGE!!!! CONGRATS
Thanks a lot!
Big milestone! Thanks for the hard work <3
I also believe is huge for our ecosystem :)
Dear @soyrosa,
Your support for the current Hive Authentication Services proposal (#194) is much appreciated but it has expired a few days ago!
May I ask you to review and support the new proposal (https://peakd.com/me/proposals/240) so I can continue to improve and maintain this service?
You can support the new proposal (#240) on Peakd, Ecency,
Thank you!
Excellent work! This is huge.
Thanks!
I hope exchanges will be one of the first to use this. Especialy Upbit and Binance. That 80M+ on Upbit are security risk for Hive.
They might have some additional procedures to store private keys (hopefully) but I hope they will get there eventually.
Good news!
That is indeed great accomplishment. Could you repeat it for Trezor? :o)
I will do my best but as far as I know, they do not accept third-party applications. But I checked long time ago, maybe something changed.
Ok, one more question. How does the flow look from technical point of view? I assume it would be something along the lines:
Or maybe something else entirely?
Both. By default, the software wallet sends serialized transaction which gets deserialized in a device to display everything to the user before it's accepted and signed. But there are hardware limitations like CPU and RAM, so not every transaction could be signed in such flow - therefore there is a second option to sign only the digest of the transaction. This method is disabled by default and needs to be explicitly enabled in the Hive app in settings.
Hats off to all involved with making this happen, top work, great news.
Congratulations!
Thank you for your hard work and great amounts of patience required to push this forward :-)
Well done.
Awesome! My future 20% HBD vault will be super secure. Thank you!!!
Big News. Awesome efforts. Congratulations.!!
Thanks a lot :) Btw, it was nice to chat with you on Hive Fest!
:) Yes it was. Awesome stuff, dear bro. Wishing you only the best.
Thank You @engrave - order is in and used your link.
Happy you have info on how to use it lol.
I would like to really congratulates you! I know how much time and effort this required from you! You can be proud of this as this is truly extraordinary work.
..and of course, keep being awesome developer and Hive witness!
Once more I am at a loss. Is my Hive wallet here, in the Hive blockchain not good enough?
I only access the Hive blockchain from my PC here at home, occasionally checking in from my phone, but I NEVER do anything with financial info from my phone.
Please advise
Your account is always on the blockchain, it's a part of the blockchain. What a hardware wallet like Ledger does is it allows you to store your private keys in a hardware device separate from your computer/phone, for a greater level of security. This is for people who want an additional, extra level of security, typically because they hold a lot of funds in their account.
The hardware wallet prevents your private keys from ever going out of the hardware device (the keys don't reach your computer or phone at all), so it reduces the risk of you potentially entering your private keys in some place that is not safe, or you getting a virus that manages to get access to your private keys.
I saw a picture of what appeared to be a flash drive, something you would carry in your pocket or on a keychain. Doesn't seem very secure to me.
So I currently have a Bitcoin Wallet, a BCH wallet, I signed up for MetaMask, but didn't like what I began to hear so I've stopped using it for anything. Not sure where that stands atm
Wallets wallets everywhere, and not a bitcoin to spend. 😎
But I thank you for your reply.
#hiveprojects
Very interesting!
Congratulations!! This is amazing!!
I don't write crypto articles often, but I could put it on my to do list... Do you think Hive will be getting new exchange listings soon?
This post has been manually curated by the VYB curation project
Thx.
#engrave
But... why?
@engrave! The Hive.Pizza team manually upvoted your post.
I gifted $PIZZA slices here:
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Please vote for pizza.witness!
Another awesome developments from the independent Hive devs!
Thank you!
This is really big news for hive family. More safety for our funds
This is a wonderful News!
Great work to the great team that worked tirelessly to ensure the success of this huge development.
We look forward to having more investors on the chain. 👌
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STOPCheck out the last post from @hivebuzz:
Another great news after HF26!
Thank you very much for your effort since last year to make it happens!
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Woow, great to see this news.
We hope to see more people on Hive now, and hope to attract more attention to our Hive every day, from now on.
Excellent work, well done.
Wow and wow good to see this congratulations every one. Came across this via reddit !
This is amazing, great job in taking hive to the next level... Well done
I have no ledger and will probably never have one
only use my own built completely air-gapped computer to handle keys, I do not like sticking the devices with keys (ledger) into an online computer...
yes, I probably appear a little bit paranoid, especially cuz I do not really have much
but I want to learn it right from the beginning, and do not think safe == paranoid, especially if one can easily use and setup such paranoid setups, especially bitcoin really seems to be tailored to paranoia (I fucking love PARTIALLY SIGNED BITCOIN TRANSACTIONS PSBTs)
still, good progress guys! :)
ledger still seems to be the standard for most people
:o wow Great I find it interesting
What an incredible job, keep up the good work team, every day achieving more :D
Whoa! This is a very big deal. I've been following this journey between Ledger and Hive. I kept waiting to pick up a Ledger until I knew Hive was going to be easily accessible. Now there is no reason to wait. Thank you for grinding it out to make storage easy and safer for us all.
Can you use staked hivepower and make transactions like upvotes and posts from the ledger? Like i was able to do with eos on anchor with ledger? I was doing actual newdex trades by pressing buttons on my ledger while plugged in ...itbwas really futuristic
Technically all of that is possible but you should wait until we add ledger support to Hive Keychain. Currently, you will be limited to hiveledger.io online wallet.