The IOTA Foundation, a non-profit foundation focused on Distributed Ledger technology and the development of unobjectionable ecosystems, has announced a new collaboration with Ledger, the market leader in cryptocurrency and blockchain security, to bring IOTA tokens into secure hardware -Wallets of Ledger for cryptocurrencies integrate.
The Ledger Nano S Hardwarewallet allows users to protect the private keys that grant access to their IOTA tokens in a state-of-the-art secure chip. The Ledger hardware firewalls integrate with the IOTA Trinity and Romeo Wallets, isolating the user’s seeds (the key to their account) from their computer or smartphone and providing another layer of security against hackers. Users will be able to validate transactions on their ledger hardware wallet as part of the security log.
“Ensuring the highest level of security and quality is at the forefront of both Ledger and IOTA,” said Eric Larchevêque, CEO of Ledger. “Collaboration between the teams created an immediate synergy focused on developing a compatibility feature that allows users to access, store and manage IOTA tokens on Ledger devices. We are very pleased to welcome IOTA to the Ledger platform. ”
IOTA now on Hardware Wallet Ledger
“Hardware wallets are considered the surest way to keep cryptocurrencies. At IOTA, we’ve committed to providing the most secure and easy-to-use standalone crypto currency wallet. The Trinity Wallet is well on its way to fulfilling this commitment, and today we are proud to announce the next step in the journey. Ledger has earned a reputation for safety and reliability, making it a natural choice for integration with Trinity. We are proud of how our community, the IOTA developers and the Ledger team have worked together to make this happen, “said David Sønstebø, co-founder and co-founder of the IOTA Foundation.
IOTA is an open source Distributed Ledger technology that goes beyond the blockchain. It is designed to be scalable, with no transaction fees or data integrity costs, to secure the future of the Internet of Things.
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