We're honored to have Ledger join us at NFT Paris 2023!
Ledger, a leading brand in crypto hardware wallets, will be setting up a booth at the NFT Paris Conference.
Read more about Ledger below!
Here's our content in-brief:
- What Is Ledger: A dive into the hardware wallet brand
- Why It Matters - Keeping users safe in web3: How hardware wallets secure crypto users' funds
- Our Partnership: Ledger x NFT Paris
Without further delay, let's dive right into Ledger!
Ledger is a leading France-based company specializing in security solutions and blockchain applications for cryptocurrencies, with headquarters in Paris and additional offices in San Francisco, USA.
In short, they make hardware wallets for users to secure their digital assets - including cryptocurrencies and NFTs.
For the newbies in web3, please don't confuse yourself with the brand "Ledger" and the term "ledger". The term "ledger" refers to a blockchain transactions record-keeping system in the crypto world, also known as a public ledger.
While Ledger offers a variety of crypto security devices, their two main products are hardware wallets (also known as cold wallets), namely the Ledger Nano S and the Ledger Nano X.
These are hardware devices that allow users to safely store cryptocurrency offline, away from hackers and other threats online. If you're curious as to how these hardware devices add a layer of security to your funds, fret not, we'll be going through that in a bit.
Over the years, Ledger has shown itself to be one of the most reliable hardware wallet providers in the market, and consequently, one of the most (if not THE most) successful hardware wallet company.
Since its establishment in 2014, Ledger has sold more than 5 million hardware wallets to users from 190+ countries, and currently has over 1.5 million active users on its Ledger Live app every month, a companion app for Ledger customers.
Ledger's latest innovation, Ledger Stax, already has the crypto community hyped up for it. Currently available for preorder, the Ledger Stax is a touch-screen device with a customizable lock screen - literally a wallet-sized digital wallet!
All right, enough of the hoo-ha. Why exactly is Ledger held in such high regard, and what even is the use of hardware wallets?
Hardware wallets are popular among cryptocurrency users because they keep private keys stored on a physical device (offline), a practice considered much safer than storing your keys on a digital wallet.
A private key works like a key to your crypto funds, and anyone who has access to it also has access to your funds. That is why it is crucial to keep your private keys safe, in other words, out of the reach of hackers. Hence, having an offline (cold) wallet is much safer than one constantly exposed to the dangers on the internet, a hot wallet, such as a digital wallet on your phone or PC.
Ledger's hardware wallets keep your private keys offline at all times, without ever leaving the device.
For an added layer of security, you need to physically sign and approve every outgoing transaction using the Ledger hardware wallet. In other words, even if the machine to which you connect your Ledger Nano wallet is infected with a virus or compromised, it cannot move your digital assets without you clicking "Approve" on your Ledger, as opposed to digital or hot wallets which have no such security feature.
Basics aside, here are some additional features of the Ledger Nano S and Nano X hardware wallets:
- State-of-the-art security for digital assets, based on proven Secure Element (SE) technology (the same tech used in passports).
- Reasonably priced ($59-$149) compared with other cold storage solutions available on the market, such as Trezor or Keevo.
- Supports over 150 blockchain networks and more than 1800 cryptocurrencies.
- Good compatibility with popular operating systems (Windows, Linux, Android, iOS, Mac OS).
- Web3/NFT friendly. Ledger Nano wallets allow users to store and manage NFTs through the Ledger Live app.
With all the horror stories going around about crypto funds or expensive NFTs being stolen from users who didn't use cold storage, Ledger is making a positive impact on the Web3 community by bringing innovation and the much-needed security and peace of mind offered by hardware wallets. Reportedly, crypto whales and other important figures in the industry are using Ledger devices to store their valuable digital assets, which confirms that Ledger is at the forefront of Web3 and cryptocurrency security for investors, traders, and everyday users.
Ledger will be setting up a booth at the NFT Paris Conference 2023.
We are extremely honored to have the industry giant set up a booth at our event, and we hope you'll learn much more about Ledger and their security solutions there.
If you're trying to find a secure way to store your digital assets, why not try Ledger? Come to NFT Paris and check it out yourself!
To summarize, Ledger is making waves in the web3 community by giving crypto and NFT users peace of mind in this risky space. Without Ledger's hardware wallets, we can only imagine how many more users would have had their funds stolen in the space.
Anyway, we hope to see you at NFT Paris, be sure to check out Ledger's booth too! Till then, coolkidz.
Tickets are live now! Check out our website to save your spot in NFT Paris.
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