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Ledger launches a new crypto wallet

Ledger launches a new crypto wallet

The new Ledger Nano S Plus hardware wallet is designed for active DeFi and NFT customers, allowing them to manage more than 5,500 digital assets. Its manufacturer's price is €79.

As indicated on the manufacturer's website, the new wallet stands out from its predecessor, Ledger Nano S, with its larger size, screen, and capacity. The overall dimensions have increased to 62 x 17 x 8 mm. You can install up to a hundred apps and store 5,500 digital assets. However, it repeats its predecessor in many ways as it is also made of stainless steel and plastic, supports 64-bit versions of computer operating systems (macOS 10.8+, Linux, Windows 8+) and smartphones (Android 7+), except for ARM processors.   

The basic kit also includes a cable (USB-C to USB-A), a guide booklet, recovery sheets in case you forget your password, and a key strap. 

Cryptocurrency wallet

A cryptocurrency wallet is a way of storing digital information that allows you to access cryptocurrency in a particular blockchain. Each wallet has two types of keys: public and private. A public key is visible to everyone and is used to send digital coins to you. A private key allows access to funds and is used to send money anywhere.  

Cryptocurrencies are divided into two types:

  • Custodial is when the personal keys and their backup are not kept by you but by the developer with whom you opened the wallet. It can be compared to opening a bank account at a certain bank: you can regain access to your money if you lose your password. But hackers can break into the bank system and access your money.
  • Non-custodial is when you keep personal keys. Hackers must personally hack into your computer or cell phone to steal the money in such a case. But if you lose or forget the key, access to the funds will be lost forever. 

Related info: The best wallets for storing cryptocurrency in 2022

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