The world is becoming a digital globe with high technology and many other things such as blockchain and cryptocurrencies. A few years ago, not so many people paid attention to cryptocurrencies.
Today, more than half of the world’s population is striving to keep up with the coins. In some years to come, it would be the only currency that matters and that is used all around the world. The notes and the regular currency are being done away by little by little.
For this reason, it is important that people are educated about all things cryptocurrencies. Bitcoin is the most popular coin, but there are a ton of others, and more which are still coming up. Terms like wallets, or a rather Ledger钱包, are most used right now.
Ledger Hardware Wallet Defined
To conduct crypto-transactions, cryptographic private keys are required. These are generally stored online. However due to the high risks following hacking and theft, another way to store these private keys in a more secure place was invented; ledger hardware wallets.
This is a simple way of ensuring that your assets are tightly secured. The ledger hardware wallet is a form of storage offline. Other online storages that were used before this include hot wallets, mobile wallets developed for smartphones, and paper wallets which are stored on paper.
A cryptocurrency wallet is used to store user’s privacy keys (this is a vital detail or information that authorizes transactions of cryptos in blockchain) securely in a hardware device. The main purpose of the hardware is to fully separate your private keys from your computer/smartphone which can be easily hacked.
Top 2 Best Hardware Wallets
There have been a lot of wallets, including types of Ledger钱包, circulating ever since cryptocurrency came into the market. But then, it was only online wallets also known as software wallets. Now, there are other alternatives for offline storage; here are some of the top rated ledger hardware wallets;
Ledger Nano X
This is more or less a modern version of Ledger Nano S. It has a high rating of about 9.8/10. It is the latest ledger version developed by hardware ledger wallet Unicorn. It can also be used with a phone or computer without a wire unlike the ledger Nano S where a USB cable is needed.
Ledger Nano X can also hold multiple cryptos at a go unlike in ledger Nano S, which you have to manually remove or install the app to be able to use a specific wallet.
Features of Ledger Nano X
The device has a sleek, pleasantly, beautiful design. It is made of stainless steel and plastic, weighs 34g and is size 72mm x 18.6mm x 11.75 mm. It has a 100mAh battery, can store multiple cryptos at the same time, and is also super easy to use. Aside from all that, you also get free shipping once purchased.
Ledger Nano S
Ledger Nano S is also still a hit in the market even after the development of Ledger Nano X. It is cheaper, rated 9.6/10, and was made by the ledger team, from a start-up in France. The wallet doesn’t have a battery and users have to connect it to computer or smartphone via USB. It supports at least 9 cryptos including bitcoin.
Ledger Hardware Wallet vs Ledger Software Wallet
There are a lot of differences between the two wallets. Ledger software wallets have been in use long before the offline version (Ledger Hardware Wallet) was developed. However, they are both used for the same purpose.
The main difference between the two is that ledger software wallets are online storage versions while ledger hardware wallets are the offline storage. The latter allows users to keep their vital details offline, away from the vulnerability of the online world.
These vital details are also called private keys. They are used in authorization of crypto assets during transactions. Keeping them online means they are prone to online theft and can cost you your assets if a second party gets a hold of it.
On the other hand, ledger hardware wallets are more secure and safer as there are no risks of having your private keys leaked to another site, or another software, since they are only used offline.