Ledger is one of the leading names in the world of hardware-based crypto storage solutions, so when we learned it was due to unveil its latest product at CES 2019 in Las Vegas, we thought we’d drop in at its booth to see what all the fuss was about.
Going by the name of Ledger Nano X, the new product offers some impressive upgrades over the older Ledger Nano S model.
The most significant development is the arrival of mobile support. Using an all-new smartphone app, you will be able to connect with the Nano X via Bluetooth. Thus, you can manage your transactions, install apps, and your check balances from your device. Nano S owners can also use the app, though they’ll only be able to check their balance in read-only mode.
Purists might balk at the addition of Bluetooth. All previous hardware wallets have operated via a USB cable. Bluetooth theoretically opens up the wallet to increased security risks. However, no keys are transferred via Bluetooth, and the device will still require a PIN code at the hardware level, which should alleviate concerns.
The new app will be available on Google Play and the Apple App Store on January 28.
Nano X users will also benefit from increased capacity. 1,100 different cryptocurrencies are supported, and you can hold up to 100 different assets at any time—that’s a six-fold increase over the Nano S.
Furthermore, the Nano X has been beefed up with some extra memory. From a security standpoint, that’s a big plus point. Firstly, it means that third-party apps will only be able to sign transactions for their own key. Secondly, it will not be possible for a user to accidentally sign a transaction for the wrong protocol and risk losing their funds.
Finally, the Nano X features a slightly larger screen than its predecessor.
Company reps at CES suggested the device would go on sale for $119. The price of the Nano S would simultaneously drop from its current price of $69.99. The device is now available for pre-order; it will start shipping in March 2019.