Ledger Announces Support To Tron Cryptocurrency
Ledger, the France-based hardware wallet and custody startup, has announced that its hardware wallet Ledger Nano S will support Tron (TRX) cryptocurrency. From now onwards, users will be able to safely store their TRX tokens on the Ledger Nano S hardware wallet.
Only when there is a need to access funds, the device can be connected to the internet, using a computer, and access holdings with a password.
The Ledger Nano S wallet facilitates storing Bitcoin, Ethereum and a few more altcoins in a secure manner. Once a user connects Ledger Nano S to the computer, a secure OLED display is embed to double check and confirm every transaction with a single click of button provided on the side.
The official website of Ledger Nano S states
“You can configure both Nano S with the same seed, giving you complete peace of mind with double seed verification and access to an immediate backup. The two Nano S are delivered in separate boxes. In bonus, a free OTG kit to connect to your USB-C port or Android device.”
Apart from sending and receiving cryptocurrencies, and checking balances, a user will also be able to manage multiple addresses for each cryptocurrency from the same device.
— Crypto 🎲 Clay (@AndrewDiceClay2) July 12, 2018
Regarding the technology used to secure the assets, the official website states
“Nano S also supports the FIDO® Universal Second Factor standard that simplifies the authentication process on compatible online services such as Gmail, Dashlane, Dropbox or GitHub.”
The Tron application is released now, here is the tutorial https://t.co/KNwy5t1Iro
— Ledger (@LedgerHQ) July 12, 2018
For the hardware wallet to work properly, a user should run the latest firmware which is provided for download on the website of Ledger.