Hardware portfolios are growing in popularity as a safe haven for crypto-coins. Ledger is one of the world's leading cold-wallet suppliers and its flagship Nano range has just been upgraded.
The company unveiled its latest version of the popular hardware portfolio at the Consumer Electronics Show (CES) in Las Vegas this week. According to PCmag, the current Ledger Nano supports 13 encryption assets directly and many more through third-party applications.
The new Ledger Nano X now has Bluetooth and supports up to one hundred coin types and wallet applications. Storage expansion six times is for third-party developers to ensure that their applications can only sign transactions for their own private key.
Wise appearance is quite similar to its predecessor, the Nano S, in addition to the interface that is slightly larger. This will facilitate the entries that need to be made on the device itself to maintain security. Anyone who has already created one will know what we are talking about here!
A new mobile application called Ledger Live Mobile will take advantage of the new Bluetooth connectivity. Users can now remotely add or remove applications to various altcoins without having to connect to a PC via USB cable. According to The Verge, adding Bluetooth has been a controversial move since any wireless communication is more vulnerable to unauthorized access or interception.
Ledger states that the Nano X is designed to respond only to devices running the corresponding application that presumably has been synchronized with the cold wallet. The application has its own security features that preserve authenticity.
"The fact that we have a mobile app and working with Nano X is really the big evolution of hardware for that programming," Ledger boss Eric Larchevêque told Coindesk.
He added that the price of the Nano S will fall after the Nano X is released. At the time of writing, it was not yet available on the company's website and the Nano S was priced at $ 70. The Ledger application is due to be released on the Apple App Store and the Google Play Store later this month. Nano X will be available for pre-order this week at $ 119 for shipping in March.
The CES is not an encryption program but awarded the Nano X with its "Innovation Award in Cybersecurity and Personal Privacy" in 2019, according to a company press release.