TRC20 Tokens Now Supported on Ledger Nano S, USDT-Tron Could Soon Come too
The Tron support on Ledger Nano S has been now extended to TRX 20 tokens as well with the integration of Tron Foundation app on both Ledger Blue and Ledger Nano S.
Tron SR CryptoChain announced a safer way to keep the private key to access the Tron assets on its Medium. TronLedger desktop wallet and Ledger Nano S will give the users access to their assets in the Tron Network while securing their private key.
Ledger took to Twitter the share the news with the Tron community:
A new @Tronfoundation app has just been released for both the Ledger Nano S and Ledger Blue. You can use the new #Tron app with both @TRONSCAN_ORG and @_CryptoChain_ wallet (https://t.co/apGEkm68dQ )
With the new app, TRC20 tokens are now supported.
— Ledger (@Ledger) April 19, 2019
For this, one needs a computer with Linux Ubuntu 16.10 (64-bit), Windows 8 (64-bit), or macOS 10.9. You further require an internet connection, a ready to use Ledger Live, and Ledger nano S device initialized.
You just have to install the Ledger Nano S and then access your wallet where a list of Tron addresses will be shown. In order to activate the address, you need to receive TRX from an exchange or another account.
All your wallet information is available on the dashboard in the form of Tron power, TRX balance, TRC10 token balance, TRC20 tokens balance, bandwidth, frozen amounts, and energy, transaction history.
Now one can send and receive their TRX, TRC10, and TRC 20 tokens, and further vote and exchange. Moreover, one can freeze TRX to get the bandwidth that enables transfers without costs and to get the energy that will enable smart contracts transactions without costs that will provide you with Tron Power that is used to vote for the network super representatives. You can also unfreeze, for which, freeze period must be expired.
Ledger Looked into Supporting USDT-Tron
Back in July 2018, Ledger first announced the support for Tron which has been now further extended to TRC20 tokens. However, all except for one TRC20 has been supported. The missing coin is the latest USDT (Tether) stablecoin which was recently launched on Tron network. For now, USDT ERC20 is compatible on the device but Ledger assures “it's being looked into.”
Tether’s issuance of USDT on Tron blockchain is an upgrade from Omni-based USDT which received the latest support from major cryptocurrency exchange Poloniex. US-based digital currency exchange will support Tether on both chains and will convert a percentage of Tether that is currently on Omni blockchain to Tron blockchain.
Additionally, an airdrop is also planned for eligible clients owning USDT later this month that will be distributed on the amount of Tether converted, “Once the airdrop begins, Poloniex customers will be credited based on the amount of Tether they hold on Poloniex,” the exchange said.
Poloniex will support USDT on the Tron network and extend the upcoming airdrop to customers @Tronfoundation https://t.co/DE1klTl1we
— Poloniex Exchange (@Poloniex) April 19, 2019
At the time of writing, the 11th largest cryptocurrency has been trading it $0.025 with 24 hours gains of 0.01 percent, as per Coinmarketcap data.