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.
Firefly has been built with the future in mind . As the entry-point to IOTA’s ecosystem, Firefly will integrate many of the upcoming features of the IOTA protocol, from tokenized assets and dApp interaction to mana delegation and Identity. Firefly will also see new features that enhance IOTA’s user experience as a payment protocol, such as a contact system and an accompanying browser extension.
Firefly is already very secure, offering industry-leading security features such as Stronghold to secure your funds. By using an additional hardware layer, your seed is stored within the hardware device, instead of Firefly, providing a secure layer of separation.
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 easily be hacked by amateurs.
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 IOTA, which is six times more capacity than the Ledger Nano S, and includes an improved interface with a larger screen.
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 is available in the App Store and Google Play.
Firefly will replace Trinity wallet from April 28th 2021.
Trinity is a mobile and desktop application with a user interface that allows you to transfer data and IOTA tokens. Trinity allows you to encrypt and store multiple seeds, where each seed has its own account, transaction history, and settings.
Trinity allows you to do the following:
Trinity delivers a host of new features that greatly simplify IOTA token storage, with best-in-class security measures and considerable customizability. The application has been thoroughly reviewed in an extensive auditing process by world-leading cybersecurity firms SixGen and Accessec. Designed to accommodate all levels of experience, Trinity enables users to send, receive and store IOTA tokens with ease.
Trinity is a platform on which developers can build their own features. Although you can’t use Trinity to buy IOTA tokens from an exchange for example, this feature could be developed by an interested third party.
Trinity mobile does not support background processes. If you navigate to another app while an action (for example, logging in, sending transactions, and refreshing your balance) is ongoing, that action won’t be completed.