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Do I understand it right that every hardware wallet company like Ledger, Trezor or Shiftcrypto run a full node (e.g. bitcoind) in their company network and every hardware wallet, which is connected via the locally installed company's software at the sender's computer just sends a request to this full node like this? No. At the basic level, a hardware wallet ...


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No. The hardware wallet company sometimes runs a node, but you could just as easily use a client like Electrum instead, and use Electrum nodes instead with your hardware wallet. All the node is used for is checking for transactions and publishing transactions. The wallet software will use the xpub from the hardware wallet to check for payments people have ...


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