Ledgers-Hardware-Wallet-Is-Back-to-Regular-Business-with-Bitcoin-Cash

Ledger’s Hardware Wallet Is Back To Regular Business With Bitcoin Cash

According to a report on November 23rd, published by Ledger on their official website, Bitcoin Cash services are now able to be reactivated with Ledger. Ledger is a cryptocurrency hardware wallet that recently paused their BCH services as the hard fork was implemented, hoping “to prevent unwanted transactions and potential replay attacks.” Though the wallet stopped users from sending BCH during the pause, those services are available once again.

The wallet took to Twitter as well, notifying members followers of their social media profile that business is back to normal. It said,

“Our Bitcoin Cash service is back online in the form of Bitcoin Cash ABC. We're also providing you with a help center article explaining how to claim your Bitcoin Cash SV. It is recommended to do this before sending Bitcoin Cash.”

Presently, Ledger Live is not allowing the use of BCH SV on their system. Before any new transactions are logged with BCH, clients should first use the Electron Cash splitting tool, unless they are willing to risk the loss of their BCH SV if an attacker goes after their transaction.

Earlier in November, IOTA Foundation spoke on their intentions to integrate their crypto tokens with the Ledger wallets. Essentially, this inclusion would make it possible for users to protect private keys. Instead, they would use a special chip for access to the tokens, keeping the keys from being connected to their computer or smartphone that could end up being hacked.

Last month, Blockchain.com released “Blockchain Lockbox,” a hardware device that is linked with an existing wallet. This service was developed in collaboration with Ledger, and it was created with the intention of helping users to store any allotment of their tokens offline. However, they were still able to access their account online with minimal risk.

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Coin Market Cap Price Change 24 Hour Volume
BTC $159.91B $9,003.0111 1.66% $5.27B
ETH $29.04B $272.6817 1.93% $1.71B
XRP $17.68B $0.4161 1.59% $491.82M
LTC $8.53B $137.1124 0.87% $803.17M
BCH $7.63B $427.6169 0.12% $232.55M
EOS $6.39B $6.9558 4.57% $725.33M
BNB $4.68B $33.1485 1.70% $261.01M
BSV $3.81B $213.5019 -2.48% $127.57M
USDT $3.45B $1.0044 -0.07% $4.83B
XLM $2.47B $0.1275 1.32% $82.06M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.