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Komodo (KMD) Team Belie Reports that Ledger Considers Dumping KMD Support

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Fri, 01/11/2019 - 13:30
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Yuri Molchan
The team of the Komodo project has contacted U.Today, deflating the report that Ledger Wallet may give up servicing KMD
Komodo (KMD) Team Belie Reports that Ledger Considers Dumping KMD Support
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In mid-December, Ledger wallet briefly stopped servicing the Komodo chain as KMD back then was conducting a major update of their code-base.

The Ledger tech support then recommended that KMD users switch to the Magnum Wallet instead, giving detailed instructions on how to import/restore their KMD tokens to Magnum.

The Ledger team noted that they will upgrade the KMD apps for their Ledger Nano S and Ledger Blue wallets to resume servicing KMD after the hard fork.

However, the team warned that:

“Whether the KMD service on Ledger Live will resume, depends on the technical stability of the changes proposed by the Komodo community”.

Recently, the updated KMD app on Ledger Live has been launched. The fact that all Ledger devices will keep supporting KMD has been confirmed by the coin’s team.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.