Ledger’s Hardware Wallet Is Back To Regular Business With Bitcoin Cash (BCH) Post Fork
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.