Ledger Nano S Announces Support for IOTA 🚨 This article is 6 years old...
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Ledger Nano S Announces Support for IOTA
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Updated: Nov. 7, 2019 at 2:37 am UTC
Photo by William Daigneault on Unsplash
IOTA Foundation, a non-profit organization focused on distributed ledger technology and permissionless ecosystem development recently collaborated with Ledger, the cryptocurrency and blockchain security leader, to integrate IOTA tokens with Ledger’s secure hardware wallets for cryptocurrencies.
IOTA (MIOTA) Now Supported on the Ledger Nano S Hardware Wallet
Ledger hardware wallet, one of the most popular digital currency wallets available, has announced the support for IOTA, the 12th largest cryptocurrency in the world. The company confirmed the partnership on Twitter on Nov. 2, saying that the IOTA application has been developed by the IOTA community and is now available to download on Ledger Live.
According to IOTA’s press release, the Ledger Nano S hardware wallet will enable users to protect the private keys giving access to their IOTA tokens in a state-of-the-art secure chip.
Eric Larchevêque, CEO of Ledger said:
“Providing the highest level of security and quality is a major focus at both Ledger and IOTA”
He added that the collaboration between the companies will be focused on developing a compatibility feature allowing users to access, store and manage IOTA tokens on Ledger devices.
Ledger’s Operating System is Tamper-Resistant
Ledger wallets are built with a distinctive operating system (OS) called BOLOS, which is integrated into a secure chip – the same one used for credit cards and passports.
According to Ledger, the combination of the chip and the OS creates a tamper-resistant platform capable of securely hosting applications and data.
David Sønstebø, co-chair and co-founder of IOTA Foundation, said:
“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.”
Sønstebø said that Ledger has earned a strong reputation for security and reliability and that integrating with Trinity was a natural choice for the company. He also said that it was all made possible thanks to the hard work of their community, the IOTA developers and the Ledger team have put into the project.
Market Data
At the time of press 2:37 am UTC on Nov. 7, 2019, is ranked #12 by market cap and the price is up 1.5% over the past 24 hours. has a market capitalization of $1.34 billion with a 24-hour trading volume of $6.14 million. Learn more about ›
Crypto Market Summary
At the time of press 2:37 am UTC on Nov. 7, 2019, the total crypto market is valued at at $208.4 billion with a 24-hour volume of $12.18 billion. Bitcoin dominance is currently at 52.94%. Learn more about the crypto market ›
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IOTA
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IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other applications where a scalable decentralized system is warranted..
The Ledger Nano S is built around a secure chip, ensuring the highest security to date.