Ledger forces users to move from cryptocurrency wallets

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5 Min Read

Ledger, the company that manufactures Cryptocurrency Wallets Hardware, has announced that developers must begin migrating their technology infrastructure. The reason for this is that the company will stop providing technical support to Nano ledgers, which was launched in the market in 2016. As a result, this wallet will not accept “new applications, features shipping, or application updates.” The company recommends that developers begin this transition now to ensure continuity and safety of their users.

The company recommends from the developer news portal To encourage communities to be updated “to another ledger device” And make sure they have a private key for a day to achieve this transition. We also recommend warning that support for nano applications and services is “not guaranteed.”

It should be clear in 2022 that Ledger had already announced the withdrawal of Nano S, but the results of his obsolescence have begun to emerge at the time of writing.

The wallet company will ensure that the transition to obsolescence of nano ledgers is complete, but will delegate responsibility for the success of this developer’s migration.

Ledger offers documentation, tools and assistance to help eliminate compatibility with Nano ledger without any issues. As a reminder, as a developer of a device application, you assume all responsibility for the operation of this application on your device and any potential damage this application may cause to the end user.

ledger, cryptocurrency wallet company.

The Ledger Statement was originally updated on May 30th, but it has just become a general knowledge for many people. It has caused discomfort and criticism in the user community.

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The root of community concern is that this forced transition will result in ledgers being able to I’m forcing the seeds to be imported and entered into a new device. This is considered a risk action. This means “circulating” the recovery key online again, creating opportunities for dust and informational hacker attacks.

Another concern is that ledgers can abandon its training competence services. This is a good corporate practice created by the old technology created by the company and created by the company. After being introduced to the market, it is durable and convenient. Other technology companies have been heavily criticized for abandoning updates and integrations of older models, separating many users using these devices, and forcing them to get new, more expensive devices in general.

Ledger responds to criticism and less to concern, implying that abandonment of ledger nano corresponds to hardware limitations. Nine years after his departure, he will not be adapted to the times.

Over time, the hardware reached capacity limit. The memory capacity of a device limits the amount of applications that can be installed simultaneously, making it difficult to manage multiple assets or blockchains. It also cannot run more recent features or services Make your signature clear, Ledger Sync Or some of the latest applications available from Ledger Live.

ledger, cryptocurrency wallet company.

Charles Guillemett also ledger CTO I’ve confirmed that ledger nano continues to workand more technical details on why this wallet is missing updates in the future.

Guillemet commented that the original ledger S, which has a limited memory of 320 KB, cannot support the concurrent execution of multiple applications due to the rapid growth of cryptocurrency networks. Additionally, he says the hardware is not trained to incorporate the latest improvements in clear signatures to optimize transaction clarity and security or include features such as transaction checking and Ledger Sync™ for their limitations. Also commented that Nano does not allow advanced exchanges con platformas como thorchain, uniswap, ton, there, near, avax y dot dotand due to low memory, it is not capable of withstanding the language package of the device.

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That’s the community sector that is most affected This uses the wallet for interactive features using the applicationUnlike people who use only their wallets to store cryptocurrency.

In his response to criticism, Ledger reaffirms that Nano S remains in operation but has not received development updates. This means that you will not receive future firmware tweaks or compatibility with applications. “If you continue using your device, we recommend that you have a backup copy of the secret phrase 24-word recovery and make sure your device is turned on and functioning properly,” Ledger said.

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