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24 secret words not forward compatible - lost assets!


What is "tpay1 wallet"? Do you know that TON wallet may have different types and if you used some mnemonic to work with one version of wallet - you'll get different address (and different wallet) if you use same mnemonic with different version?

You can check version of your wallet using explorers. After that, you need to use App that supports this version or transfer your treasures to address with "updated version" (for same mnemonic).

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Posted 7 months ago
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Coming from Bitcoin wallets (the real onces), Remembering the seed phrase will always lead to access to the same address no matter the wallet version or software used. Cold wallet, web wallet, smartphone wallet, desktop wallet. Public/Private keys are consistent. Rule #1.

Michael   7 months ago Report
  
  

tpay1 wallet was the very first Toncoin wallet made available on Linux. Source: ton.org. That wallet had no about or version mention.

Michael   7 months ago Report
  
  

Bech32, P2PKH, BC1P - Bitcoin has different "versions" too. Some old wallet will not know about modern version, modern wallet may not support old ones. Keys stay same, address changes. You need to use wallet app that supports your required version.

Also, check Tonhub.com wallet - it generates new (v4) address, but can detect and "grab" coins from old versions with same privkey.

Dmitry   7 months ago Report
  
  

Now you start to understand what I am saying. Old versions are NOT detected and are note grabbed from old version with the same private key. Seems there is no versioning is implemented in the seed phrase to detect with that version they were generated. Are you saying that the regular toncoin user needs to remember the 'Bech32, P2PKH, BC1P' versions of toncoin? This information is not exposed in the wallet, nor the setting to place it on V3, V4, etc.

Michael   7 months ago Report
  
  

Old version ARE detected. At least from v3 to v4 (I have no older accs to check). I use v3r2 and wallet sometimes remind me that it can upgrade me to v4.

This is not "seed phrase versioning" - it's wallet versioning. Phrase is the same, and keys are same. Address changes depending on "feature set" you want it to have.

I'm agree, this might be confusing when happens first, but this does not mean that users lose their coins.

Dmitry   7 months ago Report
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