Things to know:
– You can now securely manage, send and receive EGLD through your Ledger Live* app, under the safety of your Ledger hardware wallet.
– Elrond is the first coin whose Ledger Live & Nano App integration have been entirely developed by its team. Everyone is welcome to build on Ledger Live, bring their coins and make them accessible to wider communities.
– The Elrond team is also working on the integration of staking, smart contracts and NFTs in Ledger Live.
– For now, this new feature is available on your Ledger Live app desktop version and will soon be available on your mobile app.
An “internet-scale blockchain” now supported in Ledger Live
Elrond is a blockchain that offers fast, cheap and efficient transactions. This protocol also provides utility for DApp developers and enterprise solutions alike.
The project depicts itself as “a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy.” According to the company, its smart contracts platform is capable of 15,000 transactions per second, six-second latency and a $0,001 transaction cost.
Elrond blockchain is built with a native token known as eGold, or EGLD, that facilitates the functioning of the whole network. This token’s role is multifold: paying network fees, rewarding validators and paying for transactions and smart contracts.
Click here to read our Ledger Academy article and learn more about Elrond.
Manage & secure your EGLD coins through your Ledger Live app
You now can securely manage, send and receive your EGLD coins through Ledger Live, while keeping your private keys off the internet. Ledger Live is already trusted by 1.5 million monthly active users.
And more Elrond features are coming. The Elrond team is working on the integration of staking, smart contracts and NFTs in Ledger Live. We’ll keep you updated on these upcoming options, so… stay tuned.
In addition, managing your EGLD tokens through Ledger Live is easy. All you need to do is:
- Install Elrond app on your Ledger hardware device.
- Once you navigate into the accounts tab, create an Elrond account.
- Verify and confirm the address to deposit your tokens.
Combine Elrond and Ledger for an ultimate crypto experience
Whether you are a beginner or a seasoned investor, a crucial step for investing in crypto is to securely store your private keys. As the saying goes: “Not your keys, not your coins.” Our Nano hardware wallets, Ledger Nano S and Nano X, allow you to store your private keys and keep them off the internet.
And Ledger hardware wallets facilitate much more than securing private keys. By pairing your hardware wallet with Ledger Live, you’ll benefit from an all-in-one crypto experience where you can securely buy crypto with MoonPay, make the most out of your coins with Bitrefill, stake ETH with Lido, display your NFTs with Rainbow.me, and manage your DeFi portfolio with Zerion. And the list keeps growing.
Yes, you can build on Ledger Live!
At Ledger, it has also always been in our DNA to encourage internal and external developers to enrich our products. Our code is open-source, most applications on your Ledger devices were submitted by third-party developers.
Elrond is the first coin whose Ledger Live support (as well as the nano app support) was entirely developed by its team. Everyone is welcome to build on Ledger Live, to bring their coins and to make them accessible to wider communities.
We already launched a Developer Portal, an enriched content to guide developers and blockchain teams. It contains step-by-step instructions, including development code, tools and sample code, making your coding projects for Ledger Live much easier.
If you are a developer eager to build on Ledger Live, just have a look at our Developer Portal.
Take the crypto leap. Safely
If you’re wondering why you should use Elrond through the Ledger ecosystem, our answer is clear: it’s about combining security, control and ease of use when managing your digital assets.
And keep an eye on what’s going on in the Ledger Live Apps Catalog section. You might be surprised.
*Disclaimer: Swap, lend, and other crypto transaction services are provided by third-party partners. Ledger provides no advice or recommendations on use of these third-party services.