Cardano Foundation integrates Ledger hardware wallet
Cardano Foundation, the objective organization supporting leading blockchain Cardano, announced today it is enhancing the Cardano ecosystem by enabling secure wallet integration with Ledger hardware wallet devices.
Ledger, a provider of security and infrastructure solutions for cryptocurrencies, will give holders of Cardano’s ADA coin enhanced security options with the integration of the hardware wallet device, Ledger Nano S.
The foundation enlisted Cryptonomy, the cryptocurrency and blockchain consultancy, to deliver the integration between Ledger’s cold storage devices and ADA, Cardano’s native blockchain token. The project will initially focus on the integration with IOHK’s ADA wallet, Daedalus.
The adoption of Ledger’s Ledger Nano S enables holders to store their ADA securely offline and seamlessly move digital funds directly from their existing software wallet to Ledger’s hardware wallet, securely, and through a dedicated Cardano app on the Ledger Nano S device.
Ledger provides a physical firewall against security breaches, isolating a holder’s private keys from online devices such as computers, tablets or smartphones, thereby safeguarding the keys from third party access. Private keys are made even more secure thanks to the secure chips that Ledger’s hardware wallets are built on. These chips are based on the same technology used in chip and PIN payment and SIM cards, strengthening protection against potential cyber hacks.
“The ability to hold digital currency funds securely is front of mind for many users,” Cardano Foundation’s chairman and executive director Michael Parsons said. “Ledger has extensive experience in the cyber security industry, specifically with smart cards and secure embedded operating systems. This fact, combined with Ledger’s position as the leading bitcoin and cryptocurrency hardware wallet manufacturer, will provide ADA holders reassurance that their digital assets are securely held.”
The blockchain underpinning Cardano’s ADA token, the Cardano Protocol, was designed by leading experts, academics and cryptographers. Cardano is currently ranked in the top-five cryptocurrencies by market capitalization.
Like this article? Take a second to support us on Patreon!