Hardware wallets are becoming increasingly popular as a safe haven for cryptocurrencies. Ledger is one of the world's leading providers of cold wallets, and its flagship Nano has recently been upgraded.
The company unveiled its latest repeat of the popular hardware wallet this week at the Consumer Electronics Show (CES) in Las Vegas. According to PCmag, the current Ledger Nano supports 13 crypto assets directly and many more via third-party apps.
The new Ledger Nano X now has Bluetooth and supports up to a hundred other coin types and wallet apps. The sixfold memory expansion allows third-party developers to ensure that their applications can only sign transactions for their own private key.
The look, aside from the interface, is very similar to its predecessor, the Nano S slightly larger This facilitates the inputs that must be made on the device itself to ensure safety. Anyone who has ever set one up will know what we are talking about here!
A new mobile app called Ledger Live Mobile will use the new Bluetooth connection. Users can now remotely add or remove apps for different Altcoins without having to connect them to a PC via a USB cable. Adding Bluetooth was a controversial move, according to The Verge, as every wireless communication is more prone to unauthorized access or interception.
According to Ledger, the Nano X reacts to responding only to devices running the app that was supposed to be synchronized with the cold wallet. The app has its own security features that preserve the authenticity.
"The fact that we have a mobile application and work with the Nano X is really the big advancement of the hardware for this setup," Ledger boss Eric Larchevêque told Coindesk.
He added that the price of the Nano S will fall after the release of the Nano X. At the time of writing, it was not yet available on the company's website and the Nano S was valued at $ 70. The Ledger app is expected to be available later this month from the Apple App Store and the Google Play Store. The Nano X will be pre-order for $ 1
CES is not a crypto show, but it has honored the Nano X with the "Innovation Award in Cyber Security and Privacy" of 2019 for a press release from the company.