With this integration, users can now store their balances in the digital currency in the physical device specially designed for that purpose, minimizing to the maximum any possibility of hacking present in the digital wallets generally used.
According to information published yesterday, the Cardano Foundation has announced that it is preparing specialized physical devices for the storage of balances of its digital currency, in order to bring more alternatives to the ecosystem to reinforce security in the management of assets. digital
The physical devices that now have the possibility of storing ADA balances (Cardano) are the Ledger Nano S hardware, currently listed as one of the most practical and safe in the market.
The new software under development to integrate the Ledger hardware will help to create a better experience in handling and safeguarding the ADA balances, since originally only the Daedalus wallet is available, which has been officially launched by the Cardano Foundation and meets Node functions supporting the processing of transactions in the network.
Michael Parsons, president and CEO of the Cardano Foundation, said:
"The ability to maintain digital funds in the safest way possible is one of the aspects that many users evaluate as a priority when choosing a cryptocurrency. Ledger has extensive experience in the security industry of digital assets, specifically in the use of smart cards and integrated operating systems. This fact, combined with Ledger's position as one of the leading hardware manufacturers for the storage of digital currencies, will give ADA users the full assurance that their digital assets are well protected. "
To take this integration to completion, the Cryptonomy team is taking responsibility for the integration of the hardware for the storage of Ledger digital coins and the ADA token of the Cardano Blockchain.
In this regard, the CEO of Cryptonomy, Jonathan Turral, said:
"We are pleased to work hand in hand with the Cardano and Ledger teams to offer our leading technology in the area of security for ADA users."
Keep in mind that Ledger is one of the devices for the cold storage of digital assets better reputed today, so the demand for products sponsored by the company has grown exponentially in recent years. In 2017 alone, the company sold one million units of its devices, and due to the huge number of pending orders, there is currently a waiting period of almost two months to obtain the new Ledger Nano S.
Information about Cardano
Cardano is one of the Blockchain projects that has the best reputation at present, since it addresses and gives optimal response to the three main problems that often worry many users of digital currencies: Sustainability, scalability and interoperability.
The digital currency formally entered the markets on October 1, 2017 and since then has attracted the attention of a large number of enthusiasts and investors for its properties, among which the implementation of two layers of security and the flexibility of the Blockchain of Cardano to adapt improvements without needing the implementation of Forks (Important updates to the network).
According to data extracted from CoinMarketCap, Cardano is the fifth currency with the best reputation in the markets, registering a capitalization of over 12,000 million dollars, quite impressive figure for only having just four months formally in the market.
According to information extracted from the Weiss report in relation to the most important cryptocurrencies of the market, Cardano registers a B classification, for which the independent agency for the classification of companies recommends the investment in this digital asset. According to predictions published by the portal Finder.com - a website for the comparison of prices in different financial domains -, Cardano could be the third