French startup Ledger has introduced its new cryptocurrency hardware wallet ‘Nano X’. It is a Bluetooth enabled wallet accessible from smartphones. The company has demonstrated the product at Consumer Electronics Show (CES) in Las Vegas. Nano X is the upgraded version of the flagship product of LedgerNano S.
Nano X – transaction with mobility
The startup has developed the ‘Ledger Live Mobile App’ through which users can manage their tokens in a seamless manner. One just needs to connect his smartphone to the USB key-shaped Bluetooth stick. Further, users can install/uninstall wallet support for different cryptocurrencies without unlocking their hardware wallets. The app will be available for iOS and Android users January 28th onwards. Besides, it can be accessed from desktops and laptops using the PC version of Ledger Live.
During the launch, Ledger CEO Eric Larchevêque expressed, “There have been a lot of requests from our users to have a native application[…] the fact that we have a mobile application and it works with the Nano X is really the big evolution of the hardware for this lineup.”
More space = more currency
Unlike, Nano S which is restrained to only 18 different crypto assets, Nano X enables users to store up to 100 different cryptocurrencies incorporating a total 1,100 different tokens.
Security is the foremost aspect
All Bluetooth communications are by means of end-to-end encryption leaving no room for any security threat. Further, private keys are safely isolated inside the device’s certified secure element (CC EAL5+), the chip used in security applications such as credit cards and passports. Even if users’ computer or mobile phone gets hacked, the assets will still remain to be inaccessible to the hackers.
Ledger was established in 2014 by eight techies having expertise in embedded security. The startup is dedicated to offering a secure solution for blockchain applications. With employee strength of 130, it is now operating from Paris, Vierzon and San Francisco. The company maintains clientele across 165 countries and already sold 1000000 Ledger wallets.
In early 2018, the Paris-based startup raised €61 million in Series B round of funding led by Draper Esprit. Other investors in the company include FirstMark Capital, Cathay Innovation, Korelya Capital, CapHorn Invest, GDTRE and Digital Currency Group.
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