Ledger, the cryptocurrency wallet company, announced the launch of its latest hardware wallet: the Ledger Nano™ Gen5. This wallet is now available for purchase from the company’s official website.
According to the hardware company, Ledger Nano Gen5 is the most cheerful and “playful” version among the collection of products launched to date by the company.
This handy signer is the most accessible way to securely manage all your digital assets, logins, and your life with privacy, clarity, and confidence. Navigate the digital world with ease and avoid online scams and threats by taking advantage of its advanced technological features such as Clear Signature, Transaction Verification and Ledger Security Key. Keep your private keys safe from hackers with the EAL6+ certified Secure Element and proven Ledger OS™ operating system.
Ledger, hardware wallet company.
The wallet, announced in a x’s postretains the basic capabilities of sending, receiving, storing cryptocurrencies, as well as using third-party applications within Ledger Live, the wallet management client.
It also incorporates a Secure Element chip, just like other versions; the operating system (Ledger OS™), access to key recovery with Ledger Recovery and a large screen to allow clear signing of transactions. The news of Ledger Nano™ Gen5 They are not so much technological, but aesthetic, although each box includes a special backup copy:
Ledger Nano™ Gen5 includes Ledger Recovery Key in every box – a private, encrypted backup that puts you in control, even if you lose your device.
Ledger, hardware wallet company.
As for the aesthetic novelties, the wallet offers the possibility of attaching insignia (“badges«) to the device, which are sold separately. “We teamed up with Susan Kare, the legendary designer behind the original Apple Mac icons, to create a collection of fun badges (sold separately in packs of 3),” says Ledger.
The announcement of the new Ledger Wallet occurs alongside the presentation of the Trezor Safe 7, unveiled by this company on October 21. Based in Czech Republic, Trezor did incorporate significant technological innovations in the new product of the series, such such as the Tropic01 secure element chip, auditable because it is open source, and a Boardloader unalterable that verifies updates with post-quantum cryptography algorithms, to protect wallet funds in the future.
The chip incorporated by Ledger is a secure element with EAL6+ certification. As CriptoNoticias has reported in the past, this chip is subject to NDA (Confidentiality Agreement), so its design is not completely auditable. And if it has been audited by third parties in the past, the NDA would not allow a public disclosure of the vulnerabilities found in the device.
This marks an important contrast in terms of security (although it is also a riskier and more experimental bet) in favor of the Trezor Safe 7 from the Czech company.
According to the company that manufactured the new model, there are compelling reasons to choose a closed source chip over an open one.
«Open source software reduces users’ need for trust; however, it is not completely foolproof. Open source software on unsecured chips will continue to be highly vulnerable to side-channel and bug attacks. Given the choice of using the Secure Element and being almost completely open source versus using an unsecured chip and being completely open source, Ledger opts for the more secure approach,” says Ledger.