EMURGO, the official commercial arm of Cardano - the first peer-reviewed third generation blockchain - is excited to announce the integration of Cardano’s ADA with Ledger, a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications. The highly popular Ledger Nano S is now compatible with Cardano’s ADA. Users will be able to protect their private keys through Ledger’s wallets, giving them access to their ADA with increased security and peace of mind. The Ledger hardware wallet integrates with the EMURGO-developed Yoroi wallet, the first official companion app to support the Cardano Ledger hardware wallet.
This initiative has been sponsored by the Cardano Foundation through funding the development of the Cardano Ledger app and associated software libraries. This work also benefited from the support of Vacuum Labs development partner, together with IOHK’s development team. These teams worked hard to provide integration with Yoroi wallet. We would like to thank everyone involved in what has been a truly collaborative effort!
EMURGO’s CTO, Nicolas Arqueros, said “I am delighted at this integration finally being released to the public. This is an event that many people have been looking forward to for the past year. I am especially thrilled to see so many teams come together and cooperate on what really is ground breaking news in the industry, and foreshadow many more exciting commercial developments for Cardano in 2019”.
EMURGO drives the adoption of Cardano and adds value to ADA holders by building, investing in, and advising projects or organizations that adopt Cardano’s decentralized blockchain ecosystem. This integration with industry leader Ledger represents another strategic step towards supporting the Cardano ecosystem.
Ledger has sold more than 1.5 million hardware wallets globally and is the de facto leader in the hardware wallet industry.
A recent study by Ledger found that there was still $850 million stolen from exchanges in 2018, underscoring how security concerns still loom large. Storing private keys on a hardware wallet is one of the safest options for crypto investors. The Ledger Nano S recently received the CSPN certification, making it the first and only certified hardware wallet on the market.
While there are other types of cryptocurrency wallets, the point of hardware wallets in particular, is to not store one’s private keys on a smartphone, computer, or cryptocurrency exchange which are vulnerable to hacking events.
However, storing one’s private keys on a hardware wallet such as a Ledger wallet allows for individuals to have complete control over their own cryptocurrencies as opposed to having exchanges or other third parties hold the keys on an individual’s behalf.
Cardano is more than just a digital currency, it is the first peer-reviewed third generation blockchain to evolve out of a research-first driven approach that is scalable, sustainable, and interoperable. It will be capable of running financial applications that are being used everyday by individuals, organizations and governments across the globe. This integration with Ledger will ensure that ADA investors will be able to protect their assets through Ledger’s renowned security solutions.
“Our integration with Cardano is something the Ledger community has been looking forward to for a long time,” said Eric Larchevêque, CEO of Ledger. “We are constantly working to respond to the needs of our customers, so we’re thrilled to officially welcome Cardano to the Ledger platform, offering ADA investors world class security for their crypto assets.”
Buy a Ledger Hardware Wallet today: https://www.ledger.com/
For more technical information on Ledger & ADA’s integration, specifically the open source code, please consult the following links. We hope this can encourage more integrations in the future! https://github.com/cardano-foundation/ledger-app-cardano https://github.com/cardano-foundation/ledgerjs-hw-app-cardano https://www.npmjs.com/package/@cardano-foundation/ledgerjs-hw-app-cardano
About Ledger Ledger is a global leader in security and infrastructure solutions for cryptocurrencies and blockchain applications. With offices in Paris, Vierzon, New York, San Francisco, and Hong Kong, Ledger’s team of 200 professionals develop cutting edge solutions to safeguard cryptocurrency assets for individuals and companies. For more information, please visit Ledger.com