Ledger Unveils New Hardware Wallet

by Senad Karaahmetovic

Ledger has launched a new hardware wallet named  “Ledger Nano X”.

The new Bluetooth-enabled hardware wallet, in addition to the Ledger Live Mobile App, brings additional help for both Nano S and Nano X users. For instance, features such as app-driven transactions to Nano X users and wallet balance tracking options are now available.

Ledger is a provider of security and infrastructure solutions for cryptocurrencies and blockchain companies.

Beforehand, the Ledger created one of the world’s most popular hardware wallets – Ledger Nano S. It completely changed the way people store their crypto assets by bringing it to the USB-based device which can be completely disconnected from the internet.

“This industry will not thrive if security isn’t tight. The fear of losing value would prevent crypto from growing and I saw an opportunity to use French key and pin technology to secure private keys for safer storage of cryptocurrencies”, said Pascal Gauthier, the president of Ledger.

The Ledger Nano X has a 100mAh battery and uses a USB Type Micro-C connector. In total, it can store up to 100 applications at the time.

“We believe the wallet technology should be temperature agnostic, meaning hardware wallet technology should allow you to go from cold storage to hot without being connected to a computer to make a transaction in a single motion”, added Gauthier.

On the other hand, the Ledger has also invested a great deal of resources to the development of the “Ledger Vault”, which is a multi-authorization cryptocurrency wallet management solution enabling financial institutions to safe-keep their funds.

The launch of the Nano X is another attempt from the Ledger to increase trust and security in crypto.

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