After David Sønstebø, co-chair and co-founder of IOTA Foundation shared “IOTA will see adoption on a scale never witnessed in our history before,” the 12th largest cryptocurrency has now announced integration with Ledger Nano S.
IOTA Integrates with Ledger Hardware Wallet
Ledger hardware Wallet has finally announced the support for the 12th largest cryptocurrency IOTA. The official announcement on Twitter says,
Read more about it here: https://t.co/xnqkXOOeIF
— Ledger (@LedgerHQ) November 2, 2018
In order to provide secure storage of IOTA tokens, Ledger Nano S will enable the users to protect their private keys by giving them access to their IOTA tokens in a “state-of-the-art secure chip.” The wallets will be integrated with the IOTA Trinity Wallet and Romeo Wallet so that users’ seeds are isolated from their smartphone or computer which will provide an added layer of security.
Eric Larchevêque, CEO at Ledger says,
“Providing the highest level of security and quality is a major focus at both Ledger and IOTA. The collaboration between the teams created an immediate synergy concentrated on developing a compatibility feature allowing users to access, store and manage IOTA tokens on Ledger devices. We are thrilled to welcome IOTA onto the Ledger platform.”
Its distinctive operative system and use of the EAL5+ certified secure chip makes it different from other wallets. David Sønstebø, co-chair and co-founder of IOTA Foundation shares,
“Hardware wallets are regarded as the safest way to store cryptocurrencies. At IOTA, we made a commitment to delivering the safest and most usable standalone cryptocurrency wallet. The Trinity wallet is well on its way to fulfilling that commitment, and today we are proud to announce the next step on the journey. Ledger has earned a strong reputation for security and reliability, and this made it a natural choice for integration with Trinity. We are proud of how our community, the IOTA developers and the Ledger team have worked together to make this possible.”
Not long, Sønstebø shared an extremely bullish scenario for IOTA with already over 600 corporations attracted by the cryptocurrency as he further said,
“We are building a partnership structure for the corporations at the moment, think of it as ‘Tinder for companies that want to collaborate on using IOTA’, the scarce saffron is 3rd party devs that know IOTA. Once that final piece of the puzzle falls into place (LEARN PROGRAMMING!) IOTA will see adoption on a scale never witnessed in our history before. This is how projects scale internationally.”
At the time of writing, IOTA (MIOTA) has been trading at $0.4741 while being up by 1.29 percent with a market cap of $1.3 billion.
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.