What is a Ledger Hardware Wallet, and why should I use it with HYCON?
The Ledger Nano S and Ledger Blue are USB based hardware wallet devices that allow for the secure storage of private keys associated with accounts on the HYC blockchain. The private keys are generated from a 24 word mnemonic seed which should be stored securely to allow for recovery of the contents of the hardware wallet in the case of loss or damage. The key does not provide access to one HYC account, it in fact allows users to control multiple HYC addresses with a single secured key.
The private key stored on the Ledger Device never interacts with any networked environment, transactions are instead signed securely within the device, and then returned to the application as signed, valid transactions.
Here at HYCON we strongly advocate the use of hardware wallets as a secure way for users to interact with the blockchain, and we are endeavoring to make the process as smooth as possible.
In order to use a Ledger Device to interact with the HYCON network, the most convenient way is to use our desktop client, however Ledger functionality is also present in the GUI interface provided by a full HYCON node.