Hello I was researching and found this video that allows Yoroi Ledger Hardware Wallet users to stake on Shelly Testnet by transferring a Ledger Legacy Wallet onto the Shelley Testnet using password recovery phrase option.
I have a few questions before doing this as I don’t want to lose my existing ADA on my Ledger.
- If I transfer a Ledger Legacy Wallet onto the Shelly Testnet Yoroi Wallet what happens to the ADA in my original Yoroi Ledger Wallet?
- What happens to the ADA on the Testnet after Shelley Testnet ends? Will they have to be transferred off the Shelley Testnet?
I do know that doing this option I should also create a new Password Recovery Phrase on my Ledger Hardware Wallet for security reasons.