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Flare APP now available on Nano Ledger


HAL1000
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Mods this is kind of XRP related - it shows Flare is going live real soon, which I'm sure will have an effect on XRP price. Also, I have a Ledger Nano X, and it does install OK for me.

 

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11 hours ago, HAL1000 said:

Mods this is kind of XRP related - it shows Flare is going live real soon, which I'm sure will have an effect on XRP price. Also, I have a Ledger Nano X, and it does install OK for me.

 

This vid also indicates that the app works on the Nano S, too

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Ok, this is extremely confusing.

The tokens will not go to the ETH address, they'll go to the Flare address. Like, how does the Flare address created by the flare app "know" what to do?

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5 hours ago, Nat99 said:

Ok, this is extremely confusing.

The tokens will not go to the ETH address, they'll go to the Flare address. Like, how does the Flare address created by the flare app "know" what to do?

Didn't watch the videos but probably has something to do with the fact that Flare has nothing to do with the Ethereum network. They only use the same address format. 

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1 hour ago, Skippy said:

Didn't watch the videos but probably has something to do with the fact that Flare has nothing to do with the Ethereum network. They only use the same address format. 

Fair enough. It's the same street name in a different city. However, how does the Flare network "know" that I own that one address?

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Some explanation would be nice.

I assume that the Flare app needs to be installed on the same Nano used for generating the ETH like adress. 

In that case I can see how it works as both apps have the same seed for generating the secret key. 

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1 hour ago, Nat99 said:

Fair enough. It's the same street name in a different city. However, how does the Flare network "know" that I own that one address?

It doesn't. Your secret key is what authorizes transactions from that address. It's the cryptographic match for that address on any network that uses Ethereum's address system. When you put in your address for claim, you were telling Flare that you've got the key for that address.

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10 minutes ago, brianwalden said:

It doesn't. Your secret key is what authorizes transactions from that address. It's the cryptographic match for that address on any network that uses Ethereum's address system. When you put in your address for claim, you were telling Flare that you've got the key for that address.

thanks, but that's not where I'm stuck. When adding addresses on ledger to a particular app, afaik there's no way to ask for a specific address. The app just randomly assigns you one.  

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2 hours ago, Nat99 said:

thanks, but that's not where I'm stuck. When adding addresses on ledger to a particular app, afaik there's no way to ask for a specific address. The app just randomly assigns you one.  

There's no way to import an existing private key into ledger because private keys on the ledger are derived from the recovery words. Private keys are derived using one-way algorithms (one-way meaning you can't go backwards from your private key to get the 24-word recovery phrase).

Schema-1-1.png

You can however send the coins at your old existing address to your ledger by using  software wallets that accept adding existing private keys (e.g. MetaMask, electrum). Once your old private key is added to MetaMask/Electrum, you can then send your existing balance to your new ledger address. The only thing you need to be careful of is making sure that the software is from a legit source otherwise you will lose your funds once you import your private key if the software you download is not legit or has been hacked.

Note: Some wallets that claim to import private keys don't actually do so (e.g. Exodus) , they "sweep" the funds into the wallet's own new key by transferring the funds and is just a one step procedure to transfer existing balances using an existing private key to the new wallet. Your balance at the existing address will then be zero. Unfortunately Ledger software don't support this functionality.

Ideally, If you still have your existing software wallet that originally generated your old keys, you can just send them to your new ledger address.. 

Edited by richxrp
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41 minutes ago, richxrp said:

There's no way to import an existing private key into ledger because private keys on the ledger are derived from the recovery words. Private keys are derived using one-way algorithms (one-way meaning you can't go backwards from your private key to get the 24-word recovery phrase).

Schema-1-1.png

You can however send the coins at your old existing address to your ledger by using  software wallets that accept adding existing private keys (e.g. MetaMask, electrum). Once your old private key is added to MetaMask/Electrum, you can then send your existing balance to your new ledger address. The only thing you need to be careful of is making sure that the software is from a legit source otherwise you will lose your funds once you import your private key if the software you download is not legit or has been hacked.

Note: Some wallets that claim to import private keys don't actually do so (e.g. Exodus) , they "sweep" the funds into the wallet's own new key by transferring the funds and is just a one step procedure to transfer existing balances using an existing private key to the new wallet. Your balance at the existing address will then be zero. Unfortunately Ledger software don't support this functionality.

Ideally, If you still have your existing software wallet that originally generated your old keys, you can just send them to your new ledger address.. 

Thanks, but that was not my question.

To make it simple: I claimed my Flare by signing a message, indicating an ETH address. OK, fine the flare newtowrk will use the same address (the same address name), but on the flare network. For simplicity lets call the address name ABC123.

However, how does it work in ledger live? I open the Flare app and then add an account. Can I tell it to add the account ABD123?

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54 minutes ago, Nat99 said:

However, how does it work in ledger live? I open the Flare app and then add an account. Can I tell it to add the account ABD123?

As I said, no you cannot, all addresses on the ledger are derived from the recovery phrase regardless of the app/coin on the ledger. You cannot add your own specific address ABD123 since it was not derived from the recovery phrase.

Your best bet is to go to a supported flare wallet that will let you import ABD123 as a flare address and then use that wallet to send the flare coins to the flare account on your ledger.

Edited by richxrp
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10 hours ago, richxrp said:

Your best bet is to go to a supported flare wallet that will let you import ABD123 as a flare address and then use that wallet to send the flare coins to the flare account on your ledger.

I see. I would be a similar interface like a browser+ledger based wallet. Theta has that for instance.

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