The goal of this project is to emulate Ledger Nano S/S , Nano X, Blue, Flex and Stax apps on standard desktop computers, without any hardware device. More information can be found here in the documentation website (or in the docs/ folder directly).

Usage example:

./speculos.py apps/btc.elf --model nanos
# ... and open a browser on http://127.0.0.1:5000

The easiest, stable way to install Speculos is with pip:

pip install speculos

It is advised to use Python virtualenv, otherwise admin rights will probably be necessary.

Installing Speculos from sources is a bit heavier and, depending on the platform, complex, due to all the dependency needed for compiling the emulator.

On Debian (10 or later) or Ubuntu (18.04 or later):

sudo apt install \
    git cmake gcc-arm-linux-gnueabihf libc6-dev-armhf-cross gdb-multiarch \
    python3-pyqt5 python3-construct python3-flask-restful python3-jsonschema \
    python3-mnemonic python3-pil python3-pyelftools python3-requests \
    qemu-user-static libvncserver-dev

# from the root directory of the source repository
pip install .

Dependency management will vary on other platforms; using Docker images and/or WSL should facilitate the installation.

Feel free to open issues and create pull requests on this GitHub repository.

The master branch is protected to disable force pushing. Contributions should be made through pull requests, which are reviewed by @LedgerHQ members before being merged to master:

• @LedgerHQ members can create branches directly on the repository (if member of a team with write access to the repository)
• External contributors should fork the repository

There is absolutely no guarantee that apps will have the same behavior on hardware devices and Speculos, though the differences are limited.

The emulator handles only a few syscalls made by common apps. For instance, syscalls related to app install, firmware update or OS info can't be implemented.

Invalid syscall parameters might throw an exception on a real device while being ignored on Speculos. Notably, this is the case for application allowed derivation path and curve and application settings flags which are enforced by the device OS, but ignored by Speculos.

Attempts to perform unaligned accesses when not allowed (eg. dereferencing a misaligned pointer) will cause an alignment fault on a Ledger Nano S device but not on Speculos. Note that such unaligned accesses are supported by other Ledger devices.

Following code crashes on LNS device, but not on Speculos nor on other devices.

uint8_t buffer[20];
for (int i = 0; i < 20; i  ) {
    buffer[i] = i;
}
uint32_t display_value = *((uint32_t*) (buffer   1));
PRINTF("display_value: %d\n", display_value);

NanoX, Flex and Stax devices use an internal watchdog enforcing usage of regular calls to io_seproxyhal_io_heartbeat();. This watchdog is not emulated on Speculos.

Apps can make arbitrary Linux system calls (and use QEMU semihosting features), thus don't run Speculos on untrusted apps.

It's worth noting that the syscall implementation (src/) doesn't expect malicious input. By the way, in Speculos, there is no privilege separation between the app and the syscalls. This doesn't reflect the security of the firmware on hardware devices where app and OS isolation is enforced.

Speculos is not part of Ledger bug bounty program.

For a smooth and quick integration:

• Follow the developers documentation on the Developer Portal and
• Go on Discord to chat with developer support and the developer community.