Ledger Launches New Crypto & NFT Hardware Wallets To Mark 10 Years Since Launch

Ledger, an organization that makes bodily cryptocurrency and non-fungible token wallets much like USB drives or different storage gadgets, is celebrating its tenth anniversary this week since its inception. To mark this big day, Ledger has launched the Ledger Stax and Ledger Flex, a brand new class of gadgets with safe contact screens.

Ledger Marks 10 Years Since Launch

In an August 13 weblog publish, Ledger confirmed it’s celebrating ten years since its inception in 2014. To mark this milestone, Ledger has launched Ledger Stax and Flex, making up a brand new class of crypto and non-fungible token {hardware} gadgets fitted with safe contact screens.

Ledger has marked our 10-year anniversary with the launch of Ledger Stax and Ledger Flex – making up a brand new class of gadgets with safe touchscreens.

Hear extra from Ledger’s CEO @_pgauthier and CXO @iancr

Try the complete video on Ledger Flex at: https://t.co/R9J5Rpo49W pic.twitter.com/x2TZRWLTJV

— Ledger (@Ledger) August 13, 2024

Launched in 2014, Ledger is a creator of crypto and non-fungible token {hardware} wallets. The corporate’s {hardware} wallets are multicurrency wallets that retailer non-public keys for NFTs and cryptocurrencies offline. Ledger is famend for its three {hardware} wallets: the Ledger Nano S Plus, the Ledger Nano X, and the Ledger Stax.

Ledger is concentrated on creating crypto and NFT {hardware} wallets which are secure and safe to be used with digital belongings. Headquartered in France, the corporate was launched by eight specialists with backgrounds in embedded safety, cryptocurrencies, and entrepreneurship. The corporate’s imaginative and prescient is to create safe options for blockchain functions.

How Does Ledger {Hardware} Wallets Work?

Ledger requires crypto and non-fungible token holders to make use of non-public keys to entry their digital belongings. These non-public keys, which characteristic lengthy alphanumeric strings of numbers, defend customers from thieves and hackers. To repair issues about non-public crucial safety and longevity, Ledger builders have created different kinds of {hardware} wallets, together with the most recent {hardware} gadgets fitted with safe contact screens.

Ledger gives two {hardware} wallets: chilly and non-custodial. These two multicurrency crypto and NFT wallets retailer non-public keys offline on a safe {hardware} machine. These two {hardware} wallets are additionally device-based, that means they use storage mechanisms (like USB drives) to retailer non-public keys, thereby making it tough for hackers to entry them from an internet location.

To make its {hardware} safer, Ledger has fitted all its merchandise with a safe component and a proprietary safety working system designed to guard a person’s crypto and NFT belongings. The system generates a 24-word, 96-character backup restoration phrase for customers to entry their crypto and NFT if the machine is misplaced or stolen.