What Happens if Ledger (The Company) and Their Software Disappears | LeoFinance Podcast Clip
1 min readApr 23, 2020
In today’s podcast, I did a quick Q&A session covering 3 of the most popular questions that are asked when it comes to Ledger hardware wallets and the various scenarios that could impact Ledger security.
This clip is my answer to the question: “What happens if Ledger — the company — disappears along with their software?”
Many people worry about the availability and security of their crypto when they put it a hardware wallet, thinking that they could be dependent upon the company behind the wallet.
With the Ledger (as with most hardware wallets) there is a standardized protocol that is followed in the form of a 24 word backup phrase which allows you to restore the wallet from various other third-party services/software.
