Ledger Nano S Supports Both Bitcoin And Ethereum

It appears as if Ledger one of the most popular Bitcoin hardware wallet manufacturers, have released a new model. The Ledger Nano S is a next generation hardware wallet, with open source software and support for multiple currencies. Pre-orders are open to residents all over the world, and shipping will start near the end of July 2016.

The Ledger Nano S Is Here

Ledger is one of those Bitcoin companies constantly coming up with improved products and services. This approach has gotten the enterprise a solid reputation in the world of Bitcoin and cryptocurrency so far. By announcing the new Ledger Nano S, it looks as if the company is ready to take things to the next level.

Similar to their previous Bitcoin hardware wallet models, the Nano S uses a USB-connection to link to other devices. There is also a small OLED display to double check all information related to the Bitcoin transaction in question. Confirmation of these transfers will occur through tapping the side buttons of the device.

By using chip technology, all cryptographic secrets on the Ledger Nano S are secured and kept safe from prying eyes. Moreover, this hardware wallet has support for multiple cryptocurrencies – both Bitcoin and Ethereum – which can be spent from the same device. Third-party applications can be used in conjunction with this device as well. Users can pick from existing offerings – GPG, SSH, and others – or build their own.

The Ledger engineers have been working hard on creating Chrome plugins for their hardware wallets over the years. The new Ledger Nano S will be compatible with both the Bitcoin and Ethereum Chrome app developed by the Ledger Wallet team. Moreover, all of the device’s accounts are backed up on a paper wallet, making it easy to recover data if needed.

Pre-orders for the Ledger Nano S have opened up. Purchasing this hardware wallet will cost 58 EUR – which is relatively cheap – and does not include VAT. Shipping of all orders will commence by the end of July 2016. Orders will be shipped out based on order number, which is a common business practice these days.

Source; Reddit

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.