Cardano (ADA) shortly earlier than integration into the main crypto {hardware} pockets; Follows Monero (XMR), different Altcoins

On Tuesday afternoon (PDT), Cardano’s (ADA) figurehead, Charles Hoskinson (CEO, IOHK) tweeted a connection to the Ledger Cardano ADA wallet v0.1.0, indicating that support for the Ledger hardware wallet is imminent. This is a testament to the hard work of the developers who made the integration of Ledger possible was only on February 13th when Cardano was added to Ledger Trello’s roadmap.

Ledger Nano S., along with For sureare for sure the two most popular hardware wallets for cold storage of dozens of popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

Look what I found here: https://t.co/oZ3ku32X0T

– Charles Hoskinson (@IOHK_Charles) April 24, 2018

With the Cardano Ledger App After final development, owners of the seventh most important crypto asset (by market capitalization) will soon be able to remove their holdings from hot wallets (e.g. Crypto Exchange balance or ADA compatible software wallets such as) Daedalus) and to the crypto hardware wallet.

For Cardano investors who already own a Ledger Nano S (or Ledger Blue), this is the hardware wallet company requires you to do before you can save your private keys on your product:

When a new cryptocurrency is added to the Ledger Nano S and Ledger Blue, all you need to do is download the last application or update the device’s firmware. “

Charles Hoskinson underscored the importance of this milestone for Cardano and came on the day the crypto community was (again) reminded of the dangers of storing virtual currencies in software wallets. after the popular MyEtherWallet (MEW) was compromised. The California based company has there revealed that “some DNS servers have been hijacked to prevent myetherwallet.com users from being redirected to a phishing site”.

Unique code base = complex integration process

Like Cardano, the popular privacy-conscious coin Monero (XMR) has recently unveiled that they too are very close to the official support of the ledger. According to developer Ricardo Spagni, the fact that Monero is based on its own code base meant that the integration of hardware wallets was cumbersome.

There is no doubt that Cardano – the first cryptocurrency based on Haskell code – would have caused similar problems; Explain why it took so long to integrate with Ledger as well, despite being one of the most popular cryptoassets available.

Six more altcoins are integrated

Looking at ledger public roadmapAside from Cardano and Monero, there are six other altcoins that are currently marked “in progress” to be compatible with Ledger’s hardware wallet. These are: Decred (DCR), StakeNet (XSN), Lisk (LSK), Rise (RISE), IOTA (MIOTA), Wanchain (WAN).

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