Supporting and Improving the Ledger Nano S | Ledger

Ledger Nano S
The Ledger Nano S was launched in June 2016 with the objective of creating a new security standard for safeguarding crypto assets. Three years late, and with more than 1.5 million units sold, it ’ second clear that the Nano S has revolutionized cryptocurrency cold storage.
Since 2016, technology — specially in the crypto market — has come a farseeing way. Hundreds of newly cryptocurrencies have been launched and completely new blockchain protocols have been introduced. The industry has made frightful advancement in these three years, requiring us to innovate to keep pace. That ’ sulfur why we introduced the Ledger Nano X.
When we designed the Nano S, the available dart memory quad for guarantee elements was quite limited : the ST31H320, being the best option security judicious, had entirely 320kb storehouse quad for firmware and apps combined. At the time, this was not an issue : there weren ’ triiodothyronine that many different crypto assets with a large commercialize cap, and other potential projects where basically clones of Bitcoin, allowing supporting apps to be quite little by using a shared library.
3 years late, the situation has changed quite a bite. The crypto marketplace has seen massive growth, requiring fresh cryptanalytic libraries to support this growth. This resulted in a scissors effect : users wanting top security system along with new crypto assets being added, requiring more new apps, each being larger in size to integrate the new crypto primitives.

today, Ledger Nano S users can install 3 to 7 apps among the current market ceiling ’ s top 20 at the lapp time ( e.g. BTC, ETH, XRP, BCH, LTC, DASH, ETC at the like clock on a individual device ), or up to 20 pendent apps, on their device, depending on the app size ( See here for examples of app combinations ) .
hera are some examples of key apps combinations we tested and you can install on your Nano S today :

position as of June 4, 2019 – topic to modification in apps and firmware sizes


You have three possible ways to manage multiple crypto-assets :

  • Using one Nano S: While not the most convenient method, a solution for managing more crypto is installing and uninstalling apps as needed. This method is completely safe and will not impact your crypto assets.
  • Using multiple Nano S: You can setup all your Nano S with the same 24 word recovery phrase and PIN code to make them perfect clones. Each Nano S can be used for a different set of apps, so you can select the device depending on the crypto you wish to use. We have lowered the price of our Nano S to 59€/$59 so it’s much more affordable, and the special color editions can help you to easily distinguish them
  • Upgrading to a Nano X: Our latest hardware wallet has been designed with the latest generation of secure element which has 2048kb available, currently giving enough space to host up to 100 apps at the same time. With its capacity improvement and Bluetooth connectivity, the Nano X is our next generation hardware wallet that was specifically built for today’s market

For those who want to manage a large numeral of crypto-assets, we recommend to use the Ledger Nano X for capacity reasons.
As with any major technical advancement, the Nano X improves on the Nano S, but that does not at all mean we will stop hold and improving the Nano S. Our Nano S users are a full of life part of our community, and in the past few months we have rolled out new features to continue supporting the product including :

  • Ensuring that the Ledger Live mobile app is fully compatible with the Nano S on Android
  • Introducing new applications (such as Cardano and Binance Chain) for the Nano S through our open source platform with the support of our developers’ community
  • Halving the size of the Ethereum app to increase capacity

In addition, during the summer we will roll out a new firmware update to continue enhancing security along with modern HSMs to improve application management performance. We are besides working on adding ERC-20 tokens in Ledger Live.
The Ledger Nano S community will always be crucial to Ledger. We are committed to continuing to support and improve the Nano S, but we are aware that as engineering advances, a product developed in 2016 unfortunately has its limits.
When we developed the Nano S, guarantee elements with the space capacity needed to today ’ s crypto market just didn ’ triiodothyronine so far exist. As the global ’ south leading crypto security company, we pushed ourselves to ensure this in the Ledger Nano X. Both products will continue to be improved and supported by our first team.

source : https://ontopwiki.com
Category : Finance

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