Cardano’s ADA Now Compatible with Ledger Nano S

??ADA holders will surely sleep better at night, knowing that their holdings are safely stored with the help of Ledger Nano S

All rumors are true
ADA coins are safe

Wed, 27/03/2019 - 15:30

Cardano’s ADA Now Compatible with Ledger Nano S

Cover image via U.Today

Read U.TODAY on

Google News

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.

Cardano is now supported by Ledger! This initiative has been sponsored by the Cardano Foundation through funding the development of the Cardano Ledger app and associated software libraries. Read the full blog here: https://t.co/EuTp0R9p7u
— Cardano Foundation (@CardanoStiftung) March 27, 2019

HOT Stories

SHIB Burns Soar 630% — What's Happening?

Shiba Inu Skyrockets 12%: Is Bigger Move Ahead?

Ripple CTO Reveals Rare 2013 XRP Ledger Use: Details

Michael Saylor Reveals Strategic Bitcoin-Based Digital Asset Policy for US

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.

Sat, 03/23/2019 - 09:14

Tron (TRX) Falls Out of Top 10 List, Letting Cardano (ADA) Take Its Place

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.

Cardano Ledger. Got the first one :) pic.twitter.com/kZTN5hpmEP
— Charles Hoskinson (@IOHK_Charles) March 14, 2019

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.

Coming Soon: One of the most requested apps for the Ledger Nano S. pic.twitter.com/wfWmEnNp34
— Ledger (@Ledger) March 25, 2019

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).

We have been made aware that there are scam Ledger apps online. Ledger will not ask for your Cardano seed words. To use Ledger, please head to their official website: https://t.co/TGZg6CM3Tn
— Cardano Foundation (@CardanoStiftung) March 27, 2019

#Cardano News

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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, can be contacted at alex.dovbnya@u.today.