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Author Topic: Proof of Keys Event for a Beginner?  (Read 677 times)
very_452001
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September 26, 2019, 05:57:00 PM
 #61

Ok I followed the link above for Pyrus for Ubiq and I clicked on the green connect to ledger wallet and nothing is happening  Huh
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September 27, 2019, 10:02:37 AM
Merited by Stedsm (1)
 #62

<...>
We’re going way of course on this thread, but I’ll answer your question. I got it working (remember, I’ve no Pyrus myself, so it is all with an empty wallet):
 
I followed the Pyrus link found in the official article (https://support.ledger.com/hc/en-us/articles/115005459725-Ubiq-UBQ-), using Firefox. It took me to a Pyrus website where I created a New wallet, gave it a password, downloaded the Keystore file, continued, saved the address, reached a screen that says "How would you like to access your wallet", selected "Ledger Wallet".

Now you need to connect the Ledger device, pass the pin lock screen and open the ubiq app on the Ledger If you don't do this, it will display errors). Once you’ve done that, press the "Connect to Ledger Wallet” green button on the pyrus website and you are good to go (displays a list of addresses to interact with).

Note1: I don't really like the procedure, and even the Pyrus website is outdated (the instructions to connect to Ledger still talk about a chrome extention, which is obsolete).

Note2: If you wish to proceed with this topic, it is better to open a new topic.

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September 28, 2019, 07:26:40 AM
 #63

he Proof of Keys event on Jan. 3 this year was essentially a bank run on centralized exchanges, which aims to reassert holder control over their crypto assets. The “Proof of Keys” event aimed against centralized exchanges had happening on Jan. 3 this year, spearheaded by Bitcoin (BTC) investor Trace Mayer
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September 28, 2019, 12:40:43 PM
 #64

Great is there a guide on how to use this directly on ledger live?

Pretty much straight foward.
just download ledger live, update your Ethereum App in your ledger device and start using

Here is the guide

https://support.ledger.com/hc/en-us/articles/115005197845-Manage-ERC20-tokens
Quote
Before you start
Update Ledger Live through the notification banner or download the latest version.
Get your Ledger hardware wallet.
Install the latest version of the Ethereum app on your device.

View the ERC20 tokens

If you already have an Ethereum account with ERC20 tokens, you can view your tokens in Ledger Live.

On the Accounts page, click on View tokens under the Ethereum account that holds the tokens.

Send and receive tokens
You can now send and receive ERC20 tokens. Get started by sending your ERC20 tokens to the Ethereum account of your choice. The token accounts will only appear after the token transaction has been confirmed on the Ethereum blockchain. The Ethereum account you send tokens to will be the parent account of your token accounts.

  Make sure your parent Ethereum account holds some ETH to pay for the network fees of token transactions.


Right now on my ledger nano s the parent Eth account balance is 0. So I cant sent erc-20 tokens to it yet as it's not free due to fees? How much balance should I need to cover the fees?
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September 28, 2019, 04:37:49 PM
 #65

Right now on my ledger nano s the parent Eth account balance is 0. So I cant sent erc-20 tokens to it yet as it's not free due to fees? How much balance should I need to cover the fees?

You don't need Eth to receive Tokens, but to send.

If you are sending tokens to your ledger nano s, you don't need Eth there. You need eth from the address you are sending them.

If it is an exchange, they pay for those fees, usually.

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September 28, 2019, 07:52:36 PM
 #66

Ok just to clarify the erc-20 token Bela is not supported by ledger live?

Also I sent erc-20 token waxp from bittrex exchange to ledger nano but bittrex still saying pending for this however it didn't say pending for other erc-20 tokens I had on bittrex Huh

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