IOTA, Price Watch, Technology

Ledger Nano S Announces Support for IOTA

Ledger Nano S Announces Support for IOTA

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.”

IOTA’s Trinity Wallet Launches Public Bug Bounty Campaign
Related: IOTA’s Trinity Wallet Launches Public Bug Bounty Campaign

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.

IOTA | IOT

Updated: November 4, 2018 at 5:27 am PDT
$0.48 | 1.5%

IOTA, currently ranked #12 by market cap, is up 1.5% over the past 24 hours. IOT has a market cap of $1.34B with a 24 hour volume of $6.14M.

Chart by CryptoCompare

IOTA is up 1.5% over the past 24 hours.

Cover Photo by William Daigneault on Unsplash

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Priyeshu Garg

Priyeshu is a software engineer who is passionate about machine learning and blockchain technology. He holds an engineering degree in Computer Science Engineering and is a passionate economist. He built his first digital marketing startup when he was a teenager, and worked with multiple Fortune 500 companies along with smaller firms. When he is not solving the transportation problems at his company, he can be found writing about the blockchain or roller skating with his friends.

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