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Cardano’s ADA Now Compatible with Ledger Nano S

  • Alex Dovbnya
    📰 News

    👛💰ADA holders will surely sleep better at night, knowing that their holdings are safely stored with the help of Ledger Nano S. EMURGO CTO Nicolas Arqueros claims that this initiative ‘foreshadows’ plenty of other commercial developments for Cardano this year


Cardano’s ADA Now Compatible with Ledger Nano S
Contents

Cardano Foundation has just announced that ADA can now be stored with the help of Ledger Nano S, the most popular hardware wallet. This is possible because of the integration with EMURGO’s Yoroi wallet.

All rumors are true

 As reported by U.Today, ADA was one of the top gainers inside the CMC top 10 with a 7 percent price increase. ADA’s rumored integration on the new Ledger Nano S, the only CSPN-certified hardware wallet, was among the reasons behind the price gain.

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IOHK CEO Charles Hoskinson started acting coy with ADA holders on March 14 when he posted a picture with a Cardano logo on Twitter without going into any additional details about the wallet support.

On March 25, it was pretty much confirmed that the Cardano Ledger app, the development of which was founded by Cardano Foundation, was already in the pipeline.

ADA coins are safe

The news is very significant for ADA holders who now have a way to safely store their crypto holdings. Hot wallets do not provide users with an essential level of protection – a whopping $850 mln was stolen from different exchanges in 2018. Ledger CEO Eric Larchevêque claims that they offer ADA investors ‘world class security’.

However, be careful not to reveal your seed phrase to fraudulent Ledger applications (Ledger doesn’t require such information).

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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