On which wallet can I restore my wallet if I lose my Ledger device?STANDARD PROCEDURE TO IMPORT YOUR LEDGER BACKUP IN ANOTHER WALLET You can recover your wallet from any wallet supporting 24-word passphrases, compatible with: BIP39 wordlist, BIP32 (Hierarchical Deterministic wallets specifying a generic key derivation method) and BIP44 (specifying how the keys are derived) standards.List of compatible wallets to import your Ledger wallet backup:(This list, written on Feb.2017, is not exhaustive and doesn't involve Ledger's responsibility as our society does not provide non Ledger services.If you think this list should be updated and/or some links expired, please contact the support) Ledger Nano Ledger HW.1 Ledger Nano S Ledger Blue Multibit HD (desktop) Mycelium (smartphone) Bither (smartphone and desktop) Coinomi (smartphone) MyTrezor See for each of these wallets how to import a 24 words backup in their FAQ or notice.

--------------- ADVANCED PROCEDURE TO IMPORT YOUR LEDGER BACKUP IN ANOTHER BITCOIN WALLET /support/bip39-standalone.html lowercase Here is the step by step instructions to recover your private keys using the BIP39 tool:Bitcoin is based on public key cryptography.This can be a confusing concept so this post explains the relationship between private keys, public keys, bitcoin addresses and the blockchain.Cryptography is a way to secure information by encrypting it into an unreadable format called cipher text.Only the person with access to a secret key can decrypt the cipher text into a readable format i.e.Public key cryptography is a form of cryptography where there are two keys called a private key and a public key.The private key should be kept secret at all times.The public key is derived from the private key and so it is related to it.But the public key is not secret and you can reveal it to the world.It is not possible to derive the private key from the public key.

Hash functions are used throughout Bitcoin.A hash function takes in arbitrary sized data and spits out a number within a fixed range.Feed a hash function the exact same data and it will spit out the exact same number again.If the data varies by even one bit the output of the hash function will change.A hash function is like a trap door.The number that is output cannot be used to determine the input data.Performing a few hashing operations on the public key gives you a bitcoin address.So a bitcoin address is also not secret information and can be revealed to the world.To spend the funds sent to a particular bitcoin address you need the corresponding private key.A bitcoin wallet is basically a collection of private keys.A bitcoin client is a program that you use to manage your wallet and send and receive bitcoins.Data encrypted with the private key can only be decrypted with the corresponding public key.The reverse is also true – data encrypted with the public key can only be decrypted with the private key.

This allows you to do interesting things: Transferring bitcoins is basically signing off bitcoin ownership from one party to another using the properties of public key cryptography described above.linux bitcoin virusBitcoin transaction data is public information and stored in the blockchain.litecoin mining video cardYou can browse the blockchain on a site like blockchain.info.bitcoin bomb threatEvery computer running a “full node” has a copy of the blockchain.bitcoin wallet public keyAn example of a full node is a computer running Bitcoin Core.bitcoin value gbp chartUnderstanding the basics of the technology behind bitcoins can be pretty useful.bitcoin linux wallet

I hope this article helps you in that regard.It works because the address is actually derived from the public key.A Bitcoin address is what's called a "digest" or "hash" of the public key.The bits in the public key are shuffled and combined to produce a unique ID number; this is the key's hash.A specific key will always have the same hash no matter who calculates it, but different keys will (virtually always*) have different hashes, and it's (virtually**) impossible to come up with your own key that matches a particular hash.A Bitcoin transaction is basically a statement like this:Transaction Z:I am [public key matching Bitcoin address Q].I am spending the Bitcoins paid to me from transactions A, B, and C.Pay N satoshis to address P and M satoshis to address Q. Whoever mines the block containing this transaction may keep the remainder as a tip.Signed,[Signature with public key mentioned above]Anyone who has a copy of the blockchain can verify this transaction by checking that the following facts are true:The public key given in transaction Z, when hashed, gives address Q.Transactions A, B, and C are all valid, have not been spent by one of address Q's previous transactions, and pay enough to address Q to cover transaction Z's spending.The signature in transaction Z matches both the contents of the transaction and the public key in it.So there is no way to look up the key for a given address; they key is only revealed when someone decides to spend the money.As far as I can tell, this is done for convenience, not security.

Keys are 264 bits long; a 160-bit address is shorter, which both makes the blockchain more compact and allows people to communicate addresses more easily.* Because hashes are shorter than keys, two keys could actually have the same hash.However, it's very unlikely to happen—160 bits is enough that you could create 1,200 public keys for every grain of sand on Earth before you'd expect to find two with the same hash.** In fact, finding matching hashes is so hard that Bitcoin mining is actually built around it being difficult.When a computer mines for Bitcoins, it collects a bunch of unconfirmed transactions into a block and starts sticking random numbers at the beginning, trying to find a random number that will make the hash start with a certain series of bits.Even this partial matching is so difficult that the entire Bitcoin network put together can only find one partial match every ten minutes or so.Full matches are so much more difficult than partial matches that, even if the entire Bitcoin network were refitted for the task, it would have to work for something like 440,000,000,000,000,000,000,000 years to find a full match for just one hash!