The crypto wallet company, Ledger, revealed its new, Bluetooth-enabled Nano X device Sunday at the annual Consumer Electronics Show (CES) in Las Vegas.
The added Bluetooth feature will ensure that the Nano X can readily be used with mobile devices, which has been a pain point for many users of the company’s current wallet, the Ledger S. Much of the world primarily uses mobile computing, never or very seldom touching laptops or desktop computers.
Ledger CEO, Eric Larchevêque, said during a demonstration of the device, “the fact that we have a mobile application and it works with the Nano X is really the big evolution of the hardware for this lineup.”
Larchevêque also said that by connecting the Nano X via Bluetooth, it’s possible to have the security of Ledger but with mobile’s form factor. Ledger devices store keys but an external application on a computing device is needed to write and send transactions.
Larchevêque did not give a price for the device but he did say that when it goes live, the price of the Nano S will drop (it currently sells for $69.99). According to the Ledger website, more than 1.3 million Nano S devices have been sold.
The new device has a slightly bigger screen. With such a tiny screen, every extra pixel helps with usability. The screen is important because Ledger’s approach to security requires that a lot of actions are made on the hardware device itself. Nano X is a more advanced device.
According to Ledger, the Ledger Live mobile app will be available on Google Play and iTunes on January 16.
Apps and Functionalities
Memory might not seem that important for a hardware wallet. However, it turns out that as new tokens make the whole crypto ecosystem more complex, it becomes necessary for different software to interact with different protocols.
To maintain Ledger’s high security standards, the company made the decision that each protocol has to have its own app for sending and receiving coins. The new app has a lot more memory added to it.
Larchevêque said, “We have lots of third-party developers who are developing applications. We want to make sure that these applications can only sign transactions for their own private key.”
This has an additional benefit. Now a user with one app open can’t accidentally sign a transaction to the wrong protocol.
The Ledger Nano X can store the apps for up to 100 crypto assets, a six-fold increase over the Nano S.