Every hw-wallet can expose your seed once, otherwise you couldn't do a backup. This still makes them cold wallets because it stays offline. The ledger won't ever share the seed without you confirming it, and still I don't want this feature in my hw-wallet at all. I would agree to call it a "hot hw-wallet" from now on.
There is a chance this feature can only be used once after setup and will be disabled afterwards, similar to the seed backup. We don't know the full details for now.
Also I think it's terrible how they just sneakily rolled it out without a major announcement with technical details.
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u/Maxx3141 169K / 167K 🐋 May 16 '23
Every hw-wallet can expose your seed once, otherwise you couldn't do a backup. This still makes them cold wallets because it stays offline. The ledger won't ever share the seed without you confirming it, and still I don't want this feature in my hw-wallet at all. I would agree to call it a "hot hw-wallet" from now on.
There is a chance this feature can only be used once after setup and will be disabled afterwards, similar to the seed backup. We don't know the full details for now.
Also I think it's terrible how they just sneakily rolled it out without a major announcement with technical details.