crypto wallet

Only one day to go for the CES, and many of the companies have already revealed the products that they will be launching at the conference. On the same league, Ledger, the leading crypto wallet producer, has announced the launch of a new and more secure Bluetooth wallet Nano X, in the upcoming event of CES 2019.

Ledger has not only beefed up the storage for the latest device but has also added support for multiple, i.e. up to 100 wallets. It has also enhanced the support for more coins, i.e. up to 1100 coins. The wallet now can be managed through an app, Ledger Live, installed on the user’s smartphone. It can be enabled and connected to the wallet through the Bluetooth. This means that now the users can easily send and receive tokens from their phones.

Also, earlier those hardware wallets were connected through a USB cable. Although the wireless connection may seem to be risky, the fact that the wallet is only connected through the Live app using a particular pin for each user can diminish the risk.

Ledger’s previously launched hardware wallet, the Nano S, had become very popular among its users. The device is quite similar to the Nano X, except it had storage and support for a lesser number of wallets and coins. A hardware crypto wallet is a more flexible way for keeping the cryptocurrency locally in a protected manner, without storing it on an exchange. The wallet is secured with the help of a unique key, that the users must input every single time they use it.

Ledger, on January 4, had tweeted on its official account, “You asked, we listened: more applications on a single device, coming soon – 7 Jan 2019,” followed by another tweet, “Your crypto assets, always secured, everywhere you go with #Bluetooth.”

Ledger’s CEO Éric Larchevêque said, “There have been a lot of requests from our users to have a native application.” On the Bluetooth device being secure, he stated, “The Bluetooth connection is only used to send public data, such as your public key. The transaction itself is encrypted end-to-end while using the highest level of encryption and security on the Bluetooth protocol. No private keys are on the Bluetooth connection. It’s the same as the USB cable. Security-wise, the architecture is the same.”

The Nano X has also got a bigger screen, and the navigation buttons have been moved to the front from the top. The device has got its users the facility for tracking their assets including minimal hardware requirements. The acceptance rate of Nano X can be estimated through the success of its predecessor, Nano S, previously had gained. The mobile app, Ledger Live, is set to be rolling out on the iOS as well as the Android smartphones from 28 January 2019, and the company has started the preorders for the device from today onwards. The cost for Nano X has been fixed at $119 and will be shipped by March this year.