EOS is Newest Coin Added to Ledger Hardware Wallet For Crypto Cold Storage


Ledger's Hardware Wallet Adds Support For Another Big Coin

A recent statement from Ledger, a company that provides infrastructure and security solutions for cryptos, states that their hardware wallet will start supporting another crypto. The coin in question is EOS itself, which will join six other cryptos that the wallet is already supporting.

EOS Joins Ledger

Ledger has released a new statement this Tuesday, saying that EOS will become the new asset to gain support on the company's Ledger Nano S hardware wallet. The firm is also a known developer of blockchain apps for companies and individual users alike. So far, the firm used to release new coin apps developed by third parties each month, on the first Tuesday. This trend has quickly received a name of ‘Crypto Tuesday'.

Apart from EOS, the wallet will also support Waves (WAVES), Hycon (HYC), Akroma (AKA), Rise (RISE), Pirl (PIRL) and FIC Network (eFIC). Additionally, users can easily get to the third party apps, with the only requirement being the installation of Ledger Live app's latest version.

Ledger's website claims that Ledger Live still doesn't support EOS accounts. Instead, users can install the app for EOS from the Ledger Live catalog directly on the wallet.

What Awaits Ledger In The Future?

According to the company's tweet, there is an entire roadmap that they have prepared. The roadmap displays all the third-party apps that are currently in development. All of them will receive support at some point, including IOTA, Cardano, and Lisk.

Ledger also released another blog post earlier. This post states that new additions to the wallet will not enjoy direct compatibility with Ledger Live, its native companion app. Ledger Live has become known as a one-stop solution for managing cryptos and various devices.

Instead, those wishing to perform transactions on the hardware wallet will also have to use a third-party wallet. The other wallet will have to be compatible with Ledger Nano S, of course. Additionally, the company is also planning to incorporate support for third-party apps on Ledger Live. This will mean that the users will gain the ability to use the new digital assets in various transactions. Not only that, but they will have the ability to do it directly from the desktop version of the app.

Of course, this will still require some time for the company to pull off. Until that time arrives, the wallet users will have to go the long way around in order to make their desired transactions, as described earlier.

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