Ledger Blue – a Hardware Wallet for the Smart Contract Era

Ledger Blue – a Hardware Wallet for the Smart Contract Era

Ledger is a French company known for the set of hardware wallets with Bitcoin. Now it has launched a new extension of the product line - Blue Ledger.

Ledger announced a new purse as the best hardware wallet on the market today. Ledger Blue is very different from the previous Ledger products. This portable touch device has a screen of 320 x 480 pixels (with BlueTooth and NFC), and it can run different applications.

Our top trading bots

Support for smart contracts

Ledger launched its first product, the Ledger Nano, in December 2014. It was introduced as a small, safe, and inexpensive hardware wallet. The Ledger team of hardware wallet follows the infrastructure development of Bitcoin Diamond (BCD) and can add support for this cryptocurrency created by new hard forks.

Then the Nano S was released. It was the expansion of the line. Nano S had a small led screen and support to other cryptocurrencies such as Ethereum and Litecoin.

The Ledger Blue launch is a response to the increasingly complex needs of an ecosystem that now includes smart contracts, token exchanges, and other trading assets. Now the transactions and contracts can involve multiple parties and variables that each signatory should check.

Ledger Blue allows you to create your app to test specific smart contracts. The amount of screen real estate means that the application may present a few fields of data to check before the final confirmation. It is an important step when the contract will automatically complete itself.

The applications for currency processing work in isolation and cannot access memory or storage used by others. It means cryptographic secrets should remain safe even if one application is compromised.

Support for cryptocurrencies

Hardware wallet also includes support for many cryptocurrencies. Technical specifications of the device are Bitcoin, Ethereum, Zcash, and Dash. There is also the possibility to integrate with other wallet suppliers, such as Electrum and Mycelium.

The Ledger team of hardware wallet follows the infrastructure development of Bitcoin Diamond (BCD) and can add support for this cryptocurrency created by new hard forks.

Now, only a couple of dozen lesser-known exchanges said about the support of Bitcoin Diamond. Major sites such as Bitfinex, Poloniex or Bittrex are not in a hurry to add the new coin.

Recently, the developers' team has reported on adding support cryptocurrency Stellar Lumens (XLM). On the website, the company published installation instructions for the appropriate application of the Ledger hardware wallet. The news had a positive impact on the price of cryptocurrency, which has increased by more than 11% in just one day.

The company added Bitcoin Gold to Ledger Blue. It also plans to add support for Monero and Qtum soon.

Tech targets

Ledger Blue is built on the principles of open source for software and hardware design.

While wholly closed enclosures supply most smart devices, the Ledger Blue housing is held in place magnetically and can be removed.

Some corporate clients have already registered. They include Monax and Stratum - two platforms of the business chains that will use Blue as the end for their services.

Ledger hopes to attract developers to the platform with its corporate SDK included in the product.

The product at a price 229 EUR is high, but it offers an entirely different user interface for everything that is currently on the market.

Ledger Blue is simple, versatile, and is currently one of the easiest-to-use products.

Damien Hirst's ‘Currency’ NFT drop more than 6X oversubscribed
Leading contemporary artist Damien Hirst’s NFT drop dubbed “The Currency” has been oversubscribed by more than six times. The Currency drop consists of...
Enjin plans to use NFTs to promote sustainability and equality as member of UN pact
The United Nations Global Compact, a nonbinding pact aimed at encouraging businesses to adopt sustainable, socially responsible policies, has accepted nonfungible...
Triple-digit gains make Dogecoin and Ethereum Classic the top performers of Q2
In early 2021 Bitcoin and Ether price was the center of attention as each asset seemed to hit a new all-time high every 24-hours and traders called for...
Bitcoin volatility will always disappoint some investors: Michael Saylor
MicroStrategy CEO and Bitcoin evangelist Michael Saylor recently featured in an interview to share his insights into the global macro environment alongside...
PayPal, Salesforce contribute to TRM Labs’ $14M investment round
Blockchain intelligence platform TRM Labs has secured $14 million in Series A funding from venture funds across the crypto and technology sectors, sending...
US regulators must collaborate on ‘regulatory perimeter’ for crypto: OCC head
The Acting Comptroller of the Currency, Michael Hsu, has expressed that regulatory agencies in the United States should establish a “regulatory perimeter”...
EOS Tumbles 21% In Bearish Trade
Investing.com - EOS was trading at $5.3754 by 10:40 (14:40 GMT) on the Investing.com Index on Friday, down 20.52% on the day. It was the largest one-day...
Litecoin Climbs 12% As Investors Gain Confidence
Investing.com - Litecoin was trading at $302.894 by 23:42 (03:42 GMT) on the Investing.com Index on Tuesday, up 12.23% on the day. It was the largest one-day...
What are the chances BTC is actually overtaken by another crypto?
When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy....
It’s Possible to Increase Bitcoin’s Block Size Without Hard Fork, Dev Says
It might be unnecessary to increase the block size of bitcoin through a hard fork, as it was though before. The novel method for the «big daddy’s» scaling...
OKCoin Founder Was Detained in China Amid Fraud Allegations
The founding father of the second largest cyber-money bourse on the planet OKCoin was reportedly detained on the occasion of suspected crypto-scam. According...
Cryptos Are No Danger to The World of Finance, Says Russia’s Central Bank
Bitcoin and its brethren do not pose any threat to the global financial system due to the fact that the overall volume of cyber assets financial operations...
Bitcoin Is To Perform Worse Than Stocks – Capital Economics
More and more analysts predict that 2018 is not going to be bitcoin’s best year at all. As a group of Swiss researchers has already claimed, before the...
Ripple Donated $29 mln to a Non-Profit As its Founder Dared to Ask
DonorsChoose.org is a nonprofit organization, established around 20 years ago to help educators collect funds for teaching projects. And, as it is known,...
Will Switzerland Become a ‘Crypto Valley’?
Whilst lots of governments all over the world are troubled about the cyber money frenzy, which induces money laundering and other illicit actions as well...