IOTA (mIOTA) and Ledger Partner to Offer Romeo and Trinity Wallet Users a Higher Level of Security
The IOTA network has recently announced a partnership with the popular company and hardware wallet service provider Ledger. Now, IOTA users will be able to have a new level of security to store their virtual currencies.
The ledger wallet will be storing users’ private key from IOTA’s Trinity and Romeo wallets. This would allow users to transact their IOTA tokens with the maximum level of security available. Ledger works with an operating system known as BOLOS and it includes an EAL5+ certified secure chip. This chip is much more secure than mainstream chips and it is already used in credit cards and passports.
Hardware wallets provide an increased level of security since they are not tied to a computer or a phone. As the devices are not connected to the internet, it is impossible for hackers to have access to them.
Eric Larchevêque, CEO of Ledger, said that the partnership will provide the highest level of security to IOTA. On the matter, he commented:
“Providing the highest level of security and quality is a major focus both Ledger and IOTA. The collaboration between the teams created an immediate synergy concentrated on developing a compatibility feature allowing users to access, store and manage IOTA tokens on Ledger devices.”
Users will also be able to transact on the IOTA ledger using the wallet. This means that users that want to transact the virtual currency will have an easy way to do it. Those interested users that want to download the IOTA application can already do it in the Ledger Live manager.
David Sønstebø, co-chair and co-founder of the IOTA Foundation, said that they want to deliver the safest and most usable cryptocurrency wallet. The Trinity wallet is doing everything it has to in order to fulfill this commitment. The integration with Ledger is a natural step in this journey to achieve the goal of being the safest wallet.
In order to make this integration possible the IOTA community, developers from the team at IOTA and Ledger worked together to make this thing possible.
IOTA is one of the largest virtual currencies in the market. At the time of writing, IOTA (MIOTA) is the 12th largest virtual currency with a market capitalization of $1.34 billion dollars. Each token can be bought for $0.48 dollars.