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Secure storage of cryptocurrency

21.01.2019 - 20:08

Safe storage of cryptoactive assets, a question of concern to the minds of generations since cryptocurrency showed itself in all its glory and interested people all over the world, because if you can earn money on something, thousands of fraudsters immediately appear hoping to snatch a fatter piece. Therefore, sooner or later, all holders of cryptocurrency come to the issue of security. "Ledger" is a well-known manufacturer of hardware wallets, has long been helping users with storing coins, and not so long ago, they presented a new "purse" - Ledger Nano X, let's look at the differences with previous models of the series, as well as the pros and cons of this storage method cryptocurrency.



So, to begin with, let's compare the cost of the old and the new gadget
Ledger Nano S costs around $80-90 depending on your country of residence, according to information provided by The Verge, the pre-order of the Ledger Nano X wallet will cost $119, including shipping. The difference in price is not so great, so the reasonable question arises as to whether the new gadget will differ greatly from its predecessors. According to information currently known, Nano X can store information about a hundred cryptoactive assets, which is 6 times more than the previous version of the wallet can afford. And the main innovation is the support for Bluetooth, which, in combination with the mobile version of the Ledger Live application, will enable transactions without using a computer or laptop, of course Nano X, will also have a rechargeable battery, otherwise the introduction of Bluetooth would not make sense.


Now let's look at the question that arises by itself
 
How safe the cryptocurrency will be stored on the new wallet?
Bluetooth, after all, the connection is not the most secure.
Commenting on security issues, Ledger CEO Eric Larshevek said: "The Nano X operates with the assumption that the Bluetooth connection (which is a bearer, exactly like USB) is compromised. The addition of BLE doesn't impact the security model. Transactions must always be physically verified on device by pressing both buttons. Moreover, on the Nano X screens and buttons are directly connected to the Secure Element (single chip architecture), which is also an enhancement of the general security design".

Apparently, the company is confident in its offspring, as are the CES organizers, who awarded the Ledger Nano X with an award in the Innovation Award in Cyber ​​Security and Personal Privacy category. Well, if so, then you and we have nothing to fear.


Keep your assets safe, all the best!



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