The popular cryptocurrency hardware wallet manufacturer, Ledger has recently announced the launch of its latest device — the Bluetooth-enabled Ledger Nano X. The device which was revealed on Sunday at the annual Consumer Electronics Show (CES) in Las Vegas, is said to support an increased number of coins and wallets types.
Ledger Nano X Has More Features Than Its Predecessors
Although shaped similarly to the popular Nano S, the new device boasts a bigger screen, improved storage capacity, a more advanced interface, easy backup option, and state-of-the-art security than its predecessors. It is important to note that the hardware wallet maker’s approach to security is “action-based” ( i.e. users are required to take certain steps to ensure the security of their devices). As a result of this, the importance of a bigger screen cannot be understated.
Principally, the basic function of a hardware wallet is to provide coin holders with the opportunity to hold cryptos locally. Through this, a crypto owner can always tell where their coins are at any point in time, and they are not worried about the incessant hacking of crypto-exchanges rocking the crypto-scene.
Ledger’s previous hardware wallet, the Nano S, which has sold more than 1.4 Million units globally is considered one of the best in the industry. The wallet typically features an unlocking Code or PIN. The devices, just like any hardware wallet, support “multiple physical devices tied to the same key, providing strong protection against theft or accidental loss.”
The Ledger Live app
The Ledger Live app is one of the new features introduced along with the Nano X. The app is also compatible with the Ledger Nano S. Through the app, owners of the hardware can easily conduct transactions, check their balance, and get up to date information regarding their various devices.
The company has also made it known that the app will be available for download on the Google Play store come January 28, 2019.
Bluetooth Compatibility and Security Risk
The Bluetooth feature of the new device is going to allow it to connect with any mobile devices having the new Ledger Live app installed. Through the newly developed app, mobile users can now access their hardware wallets on the go.
It is no news that any devices connected over a wireless source or USB pose some security risk. For a company which has its reputation depending strongly on its devices being “uncrackable”, Ledger is of the strong belief that the device’s inbuilt security measures which are molded around a hardware-level PIN protections (and Bluetooth’s limited range) are more enough to protect against any form of a hack attack.
According to Ledger, the new device is designed to “only respond to devices running the corresponding Ledger app, which has its own security features to preserve authenticity.”
Ledger Has Gone Mainstream
The CES event was created to announce groundbreaking innovations. For this year’s edition, the event started on January 6, 2019, and will be brought to an end on the 11th of January 2019.
With Ledger Nano X getting announced at a convention such as this, it is clear that the company’s products have gone mainstream.