Ledger has announced a new product in its hardware wallet lineup–the Ledger Nano X. The Nano X is essentially a Nano S style wallet with Bluetooth connectivity, giving users added convenience.
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Ledger Nano X a Step Up From Predecessor
Retailing at $119 USD and available for pre-order for March delivery, the new Nano, an upgrade from the S, allows users to connect to their Ledger Live app on their computer via Bluetooth, bypassing the need to physically attach the device to their computer. Ledger Live is set for iOS and Android version releases at the end January.
Ledger’s commitment to security remains steadfast. On the question of how the Bluetooth connection security compares with that of a physical connection via a USB port, the Ledger website states:
“The private keys never leave the secure chip, therefore Bluetooth communication (BLE) does not expose the Ledger Nano X to any additional security threat. The BLE connection is end-to-end encrypted to protect user privacy. In the unlikely case, the BLE transport were to be compromised, an attacker would never be able to extract private keys or make users sign a transaction they do not wish to sign.”
The launch has been accompanied by a YouTube promotional video, emphasizing the simplicity the Nano X brings to holding crypto:
X Factor to Overshadow Nano S
The company has sold more than 1.3 million Nano S wallets. The original Nano now faces a price drop from its current price of $70. Last August, the company announced support for a batch of new coins. That news came only a month after the launch of Ledger Live, which replaced many of the Chrome apps the devices relied on.
But the Nano X development is by far the French company’s biggest since its launch. Appearance-wise, the Nano X is very similar to the Nano S, although its display is twice the size. It has a battery, which can be charged through a USB connection. That’s another difference from the S model.
Bluetooth connectivity aside, the Nano X features more memory, the lack of which is perhaps the biggest criticism of the Nano S. The Nano X will be able to store apps for around a hundred different cryptocurrencies at a time, marking a massive upgrade from the S, which requires users to remove and add apps as they switch between digital assets.
Ledger Enters the Consumer Electronics Industry
Ledger has now gone from being a niche product manufacturer to a mass market consumer electronics producer. Speaking at the Consumer Electronics Show (CES) in Las Vegas on Sunday, Ledger CEO Eric Larchevêque conceded as much when he said:
“When you have more than a million customers you are really in consumer electronics.”
Have your say. Are you a Nano S user? Will you upgrade to the X when it is released?
Images via Ledger, Pixabay
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