IOTA available on the Ledger Nano Hardware Wallets
The IOTA Foundation announced that the Ledger hardware wallet supports the storage of IOTA tokens. The Ledger Nano hardwallet will enable users to protect the private keys giving access to their IOTA tokens in a state-of-the-art secure chip.
The Ledger hardware wallets integrate with the IOTA Firefly Wallet and isolate user’s seeds (the key for their account) from their computer or smartphone, providing another layer of security from hackers. Users will be able to validate transactions on their Ledger hardware wallet as part of the security protocol.
“Providing the highest level of security and quality is a major focus at both Ledger and IOTA,” said Eric Larchevêque, CEO at Ledger. “The collaboration between the teams created an immediate synergy concentrated on developing a compatibility feature allowing users to access, store and manage IOTA tokens on Ledger devices. We are thrilled to welcome IOTA onto the Ledger platform.”
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 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. Hacking a secure chip takes a formidable effort, while generic microcontrollers can be easily hacked by amateurs.
“Hardware wallets are regarded as the safest way to store cryptocurrencies. At IOTA, we made a commitment to delivering the safest and most usable standalone cryptocurrency wallet. The Firefly wallet is well on its way to fulfilling that commitment, and today we are proud to announce the next step on the journey. Ledger has earned a strong reputation for security and reliability, and this made it a natural choice for integration with Firefly. We are proud of how our community, the IOTA developers and the Ledger team have worked together to make this possible,” said David Sønstebø, co-chair and co-founder of IOTA Foundation.
IOTA is an open-source distributed ledger technology, that moves beyond Blockchain. It has been designed to be scalable with zero cost transaction fees and data integrity to power the future of the Internet of Things.
Ledger unveils new IOTA compatible Nano X Hardware Wallet at CES 2019
As Ledger’s new signature product, the Ledger Nano X improves on the Ledger Nano S, the world’s most popular hardware wallet having sold over 1.4 million units, with enhanced state-of-the-art security and an improved user experience and design.
Ledger also launched the Ledger Live Mobile app, which allows Ledger Nano X users to manage secure transactions, install and uninstall apps, and check their real-time balances on the go. It will also enable Ledger Nano S users to check their balance in read-only mode. Ledger Live Mobile will be made available in the App Store and Google Play on January 28th.
The Ledger Nano X has a Bluetooth feature that easily and reliably connects through the Ledger Live Mobile app, which allows users to connect the device to their smartphone, providing increased mobility without sacrificing security. The Ledger Nano X can store up to 100 crypto assets like Bitcoin, which is six times more capacity than the Ledger Nano S, and includes an improved interface with a larger screen.
The company also announced that the Ledger Nano X has been awarded the CES Innovation Award in Cyber Security and Personal Privacy for 2019. The CES Innovation Awards honor outstanding design and engineering in consumer technology products that protect and enhance digital security.
The IOTA Firefly Wallet
Until now, IOTA’s primary wallet has been Trinity. Trinity was IOTA’s first stateful wallet, successfully making one-time signatures safe for human use. But Trinity, like the number system it owes its etymology to, will remain in IOTA 1.0. The wallet for IOTA 1.5 and beyond is called Firefly.
A production-ready version of Firefly was released for the Chrysalis migration on 21st April 2021. The migration process is simple. Whether before or after Chrysalis, all you will need to do is enter your IOTA seed into the new Firefly wallet, and it will take care of everything else.
- Ease-of-use
Firefly guides you through the complexities of crypto, protected and with ease. - Security
Firefly uses cutting edge Stronghold technology, so you don’t have to think much about security. - Future proof
Firefly has a modular design that makes it easy to add innovative new features later on. - Automated updates
Download security and feature updates without ever leaving the app. - Network indicators
Network indicators inform you on the current health of the IOTA network. - Backup and security reminders
Save your wallet setup – make sure you don’t lose anything.
IOTA Wallet Ledger Guide
Firefly will replace Trinity wallet from April 28th 2021.
This guide explains how to secure the IOTA tokens with a Ledger Nano S Hardware Wallet and the Trinity wallet.
-
Installation & Setup
You will need:
- A Ledger Nano S with up-to-date firmware
- IOTA tokens
Installation:
- Download and install the Ledger Live application.
- Complete the setup process.
- Once set up, click “Manager” in the left-hand menu and follow the instructions.
- Find IOTA and click “Install”.
The IOTA app should now be installed. If you encountered an error, it could mean your Ledger device is not up to date, or has insufficient space.
-
How to use a Ledger device
The left button is used to navigate up in the menu, the right button to navigate down, and both buttons simultaneously to “confirm” or “go back”.
Most of the time, a “double button press” is prompted by two horizontal lines at the top of the Ledger screen. And in a menu, a “double button press” will either confirm the selected-menu option, or take you back to the previous menu.
What button(s) to press and when should be intuitive.
-
Setting up with Trinity
- Download and install the Trinity Desktop wallet.
- Open Trinity and follow the setup instructions. When prompted, connect your Ledger device and proceed with setup.
- Trinity allows you to create multiple accounts on your Ledger device. Each account is identified by a unique account index number.
- Congratulations, your Ledger device is now set up and ready to use with Trinity.
Note: If you are already using Trinity, simply add a new account, connect your Ledger device, and follow the instructions.
