The IOTA Foundation has announced today, November 2nd 2018, that the Ledger hardware wallet now supports the storage of IOTA tokens. The Ledger Nano S 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 Trinity and Romeo Wallets 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 Trinity 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 Trinity. 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.
The IOTA Trinity Wallet
Trinity is the new user-friendly wallet from the IOTA Foundation. A wallet born of the community, earnestly championed by the community, and finally taken under the Foundation’s wing. The Trinity wallet app enables users to send and receive transactions on the IOTA Tangle. To use the Trinity Desktop wallet, begin by downloading the desktop app.
- Easy Setup
A series of user-friendly steps help you to create and back up your wallet. The process is designed to be secure from start to finish.
- Effortless Transactions
Trinity is designed to make transactions as simple and convenient as possible. It offers a variety of helpful features, from easy-to-use QR code support, to under-the-hood details like address reuse prevention.
- User-Friendly Experience
Tasks are automated as much as possible, so you don’t have to worry about them. To send funds, all you need to do is enter the correct address and amount, and hit send. Trinity takes care of the rest.
- Customize to your liking
Choose from multiple themes, languages and currencies to customise your Trinity experience. If your language or currency is not supported, tell us through our Help center.
- Your Wallet – At a Glance
The home screen provides all necessary information directly upon login. Automatic updates ensure that balances, market data and recent transaction history are always up-to-date.
- A Safe Wallet for Everyone
Trinity protects you every step of the way, from setting up your wallet, to making safe and correct transactions. Trinity on mobile and desktop offer the same features and security, so you are free to use whichever you are most comfortable with.
IOTA Trinity Wallet Ledger Nano S Guide
This guide explains how to secure IOTA tokens with a Ledger Nano S Hardware Wallet.
Installation & Setup
You will need:
- A Ledger Nano S with up-to-date firmware
- IOTA tokens
- 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.