The Ledger Nano S hardware wallet enables users to protect the private keys using a state-of-the-art secure element. The Ledger hardware wallets isolate user’s private keys from the internet, providing an unmatched layer of security against hackers. Users will be able to validate transactions on their Ledger hardware wallet as part of the security protocol.
“We are thrilled to welcome another top-ten cryptocurrency to the Ledger platform with Monero,” said Eric Larchevêque, CEO at Ledger. “With this addition, Ledger devices now cover 90% of the entire crypto market capitalization. We will continue to support more crypto assets in the future, both through our own developments and with CryptoTuesday, our monthly release of apps developed by our incredible community.”
How is Ledger different?
Ledger wallets are built with a distinctive operating system (OS) called BOLOS, which is integrated into a secure chip. The EAL5+ certified secure chip used in Ledger Hardware Wallets is the same one used for banking, credit cards or passports. It is a tamper-resistant platform capable of securely hosting applications and data, in accordance with the rules and security requirements set by pre-authorized applications and people.