Cryptocurrency wallet company Ledger has announced the launch of its newest hardware wallet, 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 so far by the company.
This convenient signer is the most accessible way to securely manage all your digital assets, logins, and lives with privacy, clarity, and confidence. Easily navigate the digital world and avoid online fraud and threats with advanced technology features such as clear signatures, transaction validation, and ledger security keys. Protect your private keys from hackers with an EAL6+ certified Secure Element and the proven Ledger OS™ operating system.
Ledger, a hardware wallet company.
The launch price of this wallet announced in the post is $179.
Like other versions, it also has a built-in Secure Element chip. A large screen that allows access to the operating system (Ledger OS™), key recovery with Ledger Recovery, and clear signing of transactions. The new features of Ledger Nano™ Gen5 are not technical; Each box includes a special backup copy, but it looks beautiful.
Ledger Nano™ Gen5 includes a Ledger Recovery Key in every box. This is a private, encrypted backup that you can manage even if you lose your device.
Ledger, a hardware wallet company.
As an aesthetic novelty, wallet It offers the possibility of attaching badges (“badge«) to the device, Sold separately. “We collaborated with Susan Carre, the legendary designer behind the original Apple Mac icon, to create a collection of fun badges (sold separately in three-packs),” Ledger said. The introductory price for the badge is $19.
The announcement of the new Ledger wallet coincides with the company’s announcement of the Trezor Safe 7 on October 21st. Based in the Czech Republic, Trezor incorporates significant innovations into its new products in the series. Such as the Tropic01 Secure Element Chip, which is open source and therefore auditable. and board loader Immutable to verify updates using post-quantum encryption algorithms to protect wallet funds in the future.
The chip installed in Ledger is a secure element that has obtained EAL6+ certification. As CriptoNoticias has previously reported, the chip is subject to an NDA (non-disclosure agreement). So its design is not fully auditable. Additionally, an NDA will not allow public disclosure of vulnerabilities found on a device if it has been audited by a third party in the past.
This presents an important contrast in terms of security compared to the Czech company’s Trezor Safe 7 (but also a riskier and more experimental bet).
The company that made this new model says there are compelling reasons to choose a closed-source chip over an open-source one.
« Open source software reduces the need for user trust. However, it is not completely certain. Open source software on insecure chips remains highly vulnerable to side-channel and bug attacks. “Given the choice to go almost completely open source with Secure Element and the choice to go completely open source with an insecure chip, Ledger chooses a more secure approach,” Ledger said.