Ledger, a company that has been making crypto hardware wallets for years, is launching two new products: the Ledger Nano X and the Ledger Blue. In addition to offering more NFT support than any other leading wallet on the market today, these devices are also expected to be faster and offer improved security.,
The “NFT” is a new type of token that can be used in the Ledger hardware wallet. This is a huge step in the crypto world because it allows users to store their tokens on the hardware wallet. Read more in detail here: what are nft tokens.
Ledger just released a hardware crypto wallet with improved crypto compatibility, and it has sold over 10,000 units since its pre-launch.
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Ledger is here to help.
Ledger released the newest edition of their crypto hardware wallet, the Ledger Nano S Plus, on Tuesday, April 5, and the list of features is astounding to say the least. The business has incorporated functions to this new Ledger wallet that assist prioritize the demands of NFT collectors.
More information about the new wallet can be found on Ledger’s website. The new hardware wallet allows clear signing via the business’s web interface, according to the company. This feature is critical because it provides NFT collectors with a higher degree of security when signing transactions.
The implementation of clear signing was anticipated, and it is not unique to the Ledger wallet. Clear signing has been part of a new trend among software and hardware companies in recent months. It basically assures that users are informed of the sort of transaction they’re conducting before executing it.
Ian Rogers, Ledger’s Chief Experience Officer, spoke to The Block about the company’s decision to implement the clear signing functionality and why they opted to do so now. “Monthly, billions of dollars in transactions are conducted via ‘blind signing,’ and all of these transactions are insecure. Fortunately, the Nano S Plus linked to Ledger Live lets users to view transaction data while signing, a process known as ‘clear signing,’ and users should avoid signing transactions until they can see this information.”
The Ledger Nano S was created out of necessity.
The new Ledger hardware wallet is a step in the right direction, but it was created out of “desperation” and a desire to offer consumers and investors greater faith in the company. Ledger has already been the target of a slew of data breaches, with user information being exposed on at least one occasion.
Ledger isn’t alone when it comes to wallet hacks; users of the Trezor hardware wallet were recently targeted in a phishing campaign tied to the MailChimp data leak. In more ways than one, Ledger’s new hardware wallet demonstrated that the firm is committed to better protecting customer data.
“As long as you don’t divulge your 24 words or pin with anybody, with a Ledger, you’re providing yourself the greatest protection imaginable,” Rodgers said of user security.
What does the future hold for the Ledger crypto-NFT hardware wallet?
There’s no denying that the Ledger Nano S Plus is generating a lot of buzz since it has a number of features that people all over the world have been asking for, and it brings Ledger’s hardware offerings up to date.
This company’s newest product is an NFT-focused wallet, which is highly appealing. In addition, the Ledger Nano S has a storage capacity of 1.5 megabytes and can host up to 100 programs. During a limited release of the wallet, the characteristics of this product were appealing enough to generate over 10,000 orders in three days.
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Frequently Asked Questions
Does Ledger Nano S support NFT?
A: Unfortunately, Ledger Nano S does not support NFT.
Can Ledger wallet hold NFT?
A: Ledger cannot hold NFT, as they are not cryptocurrencies.
How do you show NFT on a Ledger?
A: In order to show NFT on your Ledger Nano S, you will need to install a compatible app. Currently there are no compatible apps for LN-S.
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