Hive Ledger Wallet just got a new update with the most requested feature. From now on, you can manage your authorities using a Ledger device.
Hive Ledger Wallet is a new app that supports Hive on Ledger hardware wallets.
Never heard about it? Check my previous posts:
Despite the drama around the latest recovery mechanism introduced by Ledger, people are still using it daily as it seems to be the best solution in terms of hardware wallets for Hive. And it's the only one we get so far, so I'm going to keep improving it.
When you associate your account with Ledger, you simply change your keys for those derived on the Ledger device. The advantage is that you never see your private keys and you can't leak it. The disadvantage is that you must use the device to sign every transaction which might not be super convenient for everyday blogging. That's why I recommend keeping Owner and Active keys on the device and keeping your "standard" Posting key role to use it with the Hive Keychain extension.
But what if you already associated your device and replaced all the keys? The new feature comes to the rescue. You can easily add or remove any key or account authority assigned to your account.
Find your public key. The easiest way is to check your old Public key in Hive Keychain. Click Menu -> Accounts -> Manage accounts and click on a Public key to copy it.
Add the old key into your account under "Posting role"
Verify other authorities and weights. For most users it should be 1, if you are not sure, then you should definitely set it to 1.
Save changes by broadcasting account_update transaction.
That's it, you can use your old posting key stored safely in Keychain.
Please be aware that it is not a coincidence that Authorities management was placed under the Advanced tab as playing with it may end up bad if you don't know what are you doing.
Do not change the threshold or the key/authority weight if you do not intend to do it. And be aware that if you remove the owner key or change the threshold, you might lose access to your account.
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