ForexMinute.com – Ledger Wallet, the new-age Bitcoin wallet manufacturing company, recently announced the launch of their innovative state-of-the art USB Bitcoin wallet which reportedly offers a Z-level security to users’ Bitcoins.
As small as a pen drive, this new hardware wallet comes with certain bold features that protect the stored Bitcoins from little to severe hacking attempts. For instance, the cold storage device implements a banking-grade Evaluation Assurance Level 5+ (or EAL5+) smartcard, which is commonly integrated into credit cards to withstand online theft. “LPAR on IBM System z is EAL5 Certified,” a little research on Wikipedia reveals.
Other than being EAL5+ certified, Ledger is a BIP32 wallet, which is like a mecca for users with multiple Bitcoin addresses.
How Ledger Works?
The wallet has its own protective environment when it comes to offering security to stored Bitcoins. A user simply has to connect the Ledger USB stick to his PC/laptop, followed by entering a PIN CODE in Ledger’s Google Chrome app, to perform the routine bitcoin-related tasks, including inbound & outbound transfers, payments, etc. Even if the users’ machine is compromised by malicious files, the USB wallet keeps its protection-mode on. Protego!
At $36, Ledger Wallet is a Steal
Compared to its forerunner Trezor, which also launched a similar USB Bitcoin wallet priced at $119, Ledger comes at a much cheaper price – only $36.
The creators of Ledger Wallet – Eric Larchevêque and Thomas France – is now planning to implement one-tap payment options in the same device using the NFC technology.
To contact the reporter of the story: Yashu Gola at firstname.lastname@example.org