How to survive hardfork and not lie down in the hospital
On the evening of August 1, a hardfork bitcoin occurred. Our friend (let's call him Dmitry) turned to DTI with a problem: all BTC + lost from the wallet were not accrued to BCH. We will omit the whole range of feelings that Dmitry and his relatives experienced. We describe only the facts and actions that led to a positive result. About this below.
Disclaimer: all matches of names and other personal information are random.
In anticipation of the bitcoin hard forks, Dmitry decided to secure his savings and transferred them to the Ledger hardware wallet.
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A hardware cryptographic device is a device that provides “cold storage” of digital assets in an isolated environment. Such a purse has a key embedded in it that is used to sign transactions. In other words, this is an analogue of a flash drive, to which the digital currency is “downloaded”. Read more about the different types of cryptographs here .
By the evening of Tuesday, after the hardfork, Dmitry decided to open Ledger to check whether access to his wallet appeared in the Bitcoin Cash blockchain.
However, he ran into two important problems:
In other words, instead of getting twice as many bitcoins, Dmitry lost all.
DTI technical comment:
Dmitriy’s experience showed that a “glitch” in which BTCs disappear is eliminated in two ways:
As a result, he managed to return the BTC, however, BCH did not appear in the wallet.
DTI technical comment:
As Ledger emphasizes, all BTC holders in their wallet automatically received BCH. However, as it turned out, the problem may occur when trying to find them. To do this, you need to update the device (in the case of a hardware wallet) and follow the following algorithm - it works with Ledger wallets :
1) Download from Ledger Manager and install Bitcoin Cash wallet.
2) Open a Bitcoin Cash wallet and in the Bitcoin Chrome App, select “Settings” - “Blockchains”.
3) Select Bitcoin Cash and then click on “Split”.
4) Click on the down arrow and copy the address.
5) Select “Settings” - “Blockchain” - “Bitcoin Cash” - “Main” by analogy with points 2 and 3.
6) Send the required amount of BCH to your Bitcoin Cash “Split” wallet (address, which was copied in paragraph 4).
Important: BCH will not appear in the wallet immediately - you need to wait until the transaction is added to the block, usually about 10 minutes in the Bitcoin network.
In the future, to use BCH, always use the Bitcoin Cash “Split” wallet.
If this algorithm did not lead to the desired result, you can use additional tips on the Ledger website :
Disclaimer: all matches of names and other personal information are random.
The essence of the problem
In anticipation of the bitcoin hard forks, Dmitry decided to secure his savings and transferred them to the Ledger hardware wallet.
')
A hardware cryptographic device is a device that provides “cold storage” of digital assets in an isolated environment. Such a purse has a key embedded in it that is used to sign transactions. In other words, this is an analogue of a flash drive, to which the digital currency is “downloaded”. Read more about the different types of cryptographs here .
By the evening of Tuesday, after the hardfork, Dmitry decided to open Ledger to check whether access to his wallet appeared in the Bitcoin Cash blockchain.
However, he ran into two important problems:
- After the wallet was split into BTC and BCH parts (about this in our algorithm below) on the Bitcoin Cash wallet, the amount of the accrued BCH was zero.
- When going back to the Bitcoin wallet, the number of BTCs also zeroed out, + the transaction history was deleted and the interface settings were reset.
In other words, instead of getting twice as many bitcoins, Dmitry lost all.
DTI technical comment:
According to the idea of ​​the fork, the whole blockchain is duplicated - respectively, and all the wallets. Ledger provides access to the duplicated wallet in the Bitcoin Cash blockchain, it is called the Main wallet. However, for security reasons, it is recommended to transfer all funds to a new wallet - Split. Dmitry entered the Ledger wallet and saw a zero on the balance of BTC and BCH-Split. The zero on the BTC balance was caused by the application bug, and the zero on BCH-Split is normal, because it still needs to be transferred from the BCH-Main wallet to it.
Bitcoin Recovery
Dmitriy’s experience showed that a “glitch” in which BTCs disappear is eliminated in two ways:
- wallet recovery by keywords
- via the menu in the application: “Settings” (where to find them, shown in the algorithm below) - “Tools” - “Reset”
As a result, he managed to return the BTC, however, BCH did not appear in the wallet.
DTI technical comment:
Wallet recovery was an optional item. Many people in the discussion on Reddit wrote that the wallet shows a zero balance and an empty transaction history after the change of the blockchain. This problem is corrected by the second paragraph.
Getting Bitcoin Cash
As Ledger emphasizes, all BTC holders in their wallet automatically received BCH. However, as it turned out, the problem may occur when trying to find them. To do this, you need to update the device (in the case of a hardware wallet) and follow the following algorithm - it works with Ledger wallets :
1) Download from Ledger Manager and install Bitcoin Cash wallet.
2) Open a Bitcoin Cash wallet and in the Bitcoin Chrome App, select “Settings” - “Blockchains”.
3) Select Bitcoin Cash and then click on “Split”.
4) Click on the down arrow and copy the address.
5) Select “Settings” - “Blockchain” - “Bitcoin Cash” - “Main” by analogy with points 2 and 3.
6) Send the required amount of BCH to your Bitcoin Cash “Split” wallet (address, which was copied in paragraph 4).
Important: BCH will not appear in the wallet immediately - you need to wait until the transaction is added to the block, usually about 10 minutes in the Bitcoin network.
In the future, to use BCH, always use the Bitcoin Cash “Split” wallet.
If this algorithm did not lead to the desired result, you can use additional tips on the Ledger website :
- understand the difference between Bitcoin and Bitcoin Cash , as well as how they are displayed in the wallet,
- read about updating the device and other preliminary actions necessary to obtain BCH,
- learn more about the difference between Main and Split and see the video guide.
Summing up: what to do if after the hard forks lost everything
- Calm down. This is really important!
- Recover the wallet using one of the above methods and find your BTC
- Use the algorithm to install and configure the wallet and find your BCH
- Exhale - your funds are with you again!
Source: https://habr.com/ru/post/334896/
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