A Thorough Review Of Ledger’s Nano X
Due to the growing interest in the Cryptocurrency ecosystem, there have been diverse wallets created solely for the users’ convenience.
Meanwhile, for every wallet application created in the open, the safest place to keep the Blockchain based digital asset is offline. Offline storages are referred to as hardware wallets.
Hardware wallets are much more versatile upgrades of simply writing out your unique private key on a piece of paper. Generally, it requires a key to open it, and it goes on to support various devices that are connected to that key.
These hardware wallets are vastly growing popular all over the world as a secure means for user’s Cryptocurrency. It provides strong protection against issues of theft or loss.
However, there is a company known for producing the top-rated Cryptocurrency hardware wallets. At first, the ledger Nano S transformed the way in which people protect their millions invested in Cryptocurrency.
Nano S is a highly secure, USB sized device individuals can fully disconnect from the World Wide Web. Nevertheless, Ledger showcased the latest Bluetooth enabled hardware wallet.
It is known as the Ledger Nano X and along with it was the Ledger Live Mobile Application. The application brought users features such as application-driven transactions.
Also included is the wallet balance monitoring alternative for not just the Nano X users but also Nano S.
The Nano X is often referred to as the most developed hardware wallet and also the bestselling Nano device. The device has;
- A Bluetooth bolted on it
- An extra button and of course;
- The latest ledger live mobile application
All these are added as companions to the Nano X. Currently, it is regarded as the future of ledger’s generation line.
Nano S is being sold for roughly $70. Its stock is being reduced to make room for the sophisticated Nano X. The Nano X would possibly retail for roughly $140.
A Bit About The Company; Ledger
The Ledger Company has been in operation for a long time. It was debuted in the year 2014 by eight professionals with high backgrounds. It is a well-known Cryptocurrency hardware wallet company.
The company is based in Paris and has a staff of over 130 all around the globe. It continuously develops its flagship line of hardware wallets. Till today, they have sold more than one million ledger hardware wallets.
Moreover, this includes the ledger blue and the Nano S. Placed along with Trevor; a Czech Republic-based company, Ledger is also the most prominent hardware wallet creator in the Cryptocurrency sphere.
Additionally, ledger’s rise to dominance was ignited via its debut of their very own unique operating system. This system is known as BOLOS.
Currently, Ledger is the only one in the market that provides its very own increasingly secure functioning system. And this system aids in securing cryptocurrencies.
The Nano X By Ledger
Basically, Nano S does not feel outdated until you take a glance at the Nano X. Its sleekness makes it feel like an iPhone. This is not to water down the Nano S. Nano generally is a highly respected hardware wallet.
However, if you need to purchase a new ledger device, then the Nano X is your best bet. It is not so easy to overstate just how much utility has been added to the Nano X just by easily modernizing it from a push button to two buttons.
It is easier to input your PIN now. The buttons are placed at both the left and right sides of the device. And when you push them all at once, it simply means to “enter”.
In the same vein, Ledger is rated among the two largest hardware wallet companies in the world today. The second is Satoshi Labs which produces TREZOR.
As mentioned above, Ledger was established in the year 2014. Nevertheless, Ledger is a leader in Infrastructure solutions and security for Blockchain applications and its Cryptocurrencies. Ledger’s team of experts specialize in creating diverse services and products.
These creations are used to secure Cryptocurrency assets. However, the latest creation is none other than the Ledger Nano X.
Nano X was debuted as a hardware wallet to regulate the Cryptocurrencies of users. For fans of the Nano S, which is the first Nano to be created, this new Nano X is Bluetooth enabled.
This simply implies that, users can choose to either transfer or receive tokens from their mobile devices. Nano S was easily operated by requiring users to link their keys to a computer through a micro USB wire.
This linking is done to execute any needed task. As a matter of fact, switching to a device that enables Bluetooth is easily the most logical direction to follow through.
Following the Nano X is a full mobile application that will be referred to as the Ledger live. With this application, users are allowed to access their balances easily manage any of their transactions.
This intriguing hardware wallet made its debut on the 28th of January 2019. You can easily grab one of the devices now.
In addition to this good news, other organizations are even given the opportunity to develop mobile applications that can be operated with the Nano X.
An Overview Of Nano X
The shape of the Nano X is almost similar to that of its predecessors; Nano S. Nano X simply looks a little bit more or less like the Nano S. Although its shape is like that of a USB even if it consists of buttons and a screen, the screen is on the larger side.
Users of Nano S had to face a limited number of about eighteen different Cryptocurrencies, Nano X comes with a different package. With Nano X, users can store up to a hundred different Cryptocurrency assets.
Additionally, it supports over 1100 different tokens overall. Like the other ledger devices in existence, the private keys still do not leave their ledger wallets.
This simply means that; if your mobile device or maybe your computer is in the hands of hackers, they will not be able to touch your assets.
Furthermore, with the new feature that entails a Bluetooth, the Nano X can be operated through the phone of the user. This will boost the user’s experience. The large screen is an added advantage.
This is because most of the security actions are applied by the device, all on its own. The private keys of Nano X are stored on the wallet. Whichever application is installed on the external computerized device is required to execute transactions.
According to Larcheveque, the price of Nano S is lower than the price of the Nano X. While the in-built large screen of the Nano X is not the only big feature of the device, it has a bigger storage capacity.
This storage capacity will allow the utilization of about one hundred different Cryptocurrency assets. He Bluetooth quickly connects to the mobile application i.e he ledger live mobile application.
This application will allow users to conveniently check out their balance, manage transactions and manually install or delete applications on the wallet. This is carried out without linking the USB device to a computer.
Nano X was created with five times the storage capacity for applications than its predecessors; Nano S. T enables it to keep more Cryptocurrencies than any available hardware wallet available in the market.
The various things that were improved in the Nano X includes;
- The firmware
- The battery life
- The laser engraving quality
- Large screen and lots more.
This basically sums up everything that was enhanced.
4 Crypto Wallet Comparison Table
|Wallet Photo||Wallet Links||Year Released||Price||Screen||Rating|
|Ledger Nano S Review|
Ledger Nano S Shop
|Trezor One Shop |
Trezor One Review
|ECOMI Secure Wallet Review||2017||$189||Yes||4.25/5|
What Are Users To Expect?
Placing aside Nano X’s great support of more than one hundred Cryptocurrencies that is clearly bigger than that of Nano S, an exciting component is the fact that users will be able to connect the wallet to their mobile devices through the live app.
The focus of the Ledger Company is to practically swiftly improve flexibility. This is due to the fact that hardware wallets that regularly connect over UDB are not really user-friendly.
And now, applications will allow users to create new accounts or still operate their old ones. This fascinating Nano X will make the transferring and receiving of Cryptocurrencies easier and also enable users to monitor transactions from anywhere.
Some major things to expect include;
- Increased Memory
A highly notable feature of this new hardware wallet is its big memory for storing the private keys of users. Ledger practically brought about new specifications for storing these keys that are for various tokens.
While tokens are swiftly advancing in the Cryptocurrency Sphere, it is critical that the device comprises of various software to interact with diverse protocols. Furthermore, the company took the decision to build different applications for different protocols.
This was done to help in executing transactions. It however means that, a user operating an application is not capable of making the error of signing a transaction to a protocol that is not correct.
With the Nano X’s ability to store applications for over one hundred Cryptocurrency assets, it simply means that the device was created with a storage capacitor six times more than what the Nano S had.
Hardware wallets regularly connect over USB and so the use of a Bluetooth in Nano X can be regarded as an issue. This is because, a wireless connection can boost the chances of having access that are not confirmed.
Meanwhile, from what was written on the website, Nano X will offer the highest security. User’s private keys will be solely stored in a highly secure system. This system is the CC EAL5+.
This is the same chip used for not only credit cards but passports as well. Additionally, the hardware storage PIM security and the limited number of connections via the Bluetooth should be able to reduce risks.
Ledger Nano X’s Supported Coins
As mentioned earlier, Nano X supports more than seven hundred tokens and coins. However, the major coins can be transferred or received through the ledger love software interface.
Some of the major coins that are supported include;
- Dash (DASH)
- Bitcoin (BTC)
- Ripple (XRP)
- DogeCoin (DOGE)
- Bitcoin Gold (BTG)
- Ethereum (ETH)
- LiteCoin (LTC)
- Zcash (ZEX)
- Ethereum Classic (ETC)
- Bitcoin Cash (BCH)
For the less prominent coins utilized in ICOs and mainly the ERC-20 tokens, they require optional software linked to the ledger in order to transfer and receive them. These include;
Installing The Nano X
The diverse stages one will need to pass through in a bid to install the Nano X includes:
- PIN Code Setting
The first time you power up your new device, you will be asked to select a four to eight digit PIN code. You can go through numbers via the buttons and in order to enter, you will have to press the two buttons at once.
- Writing Down The Seed Phase
This is the password to your wallet. It should be noted that you have to keep it safe and hidden every time. When you initialize the device, you will receive twenty four words that you are to write down on a paper and store.
The seed phase is used in cases where your device is stolen, lost or broken. It will help you recover all your funds. With the Nano X, nothing will be lost.
Pairing Nano X With Your Mobile Device
This is the fascinating aspect of the Nano X. The predecessors were simply manipulated using the Ledger live. But, the Nano X can be controlled through a mobile application. The device pairing is easy and direct.
Though it may seem hard at first, over time, you will be able to get used to it as the Bluetooth constantly links with your mobile device.
Nano X is basically an upgrade to its predecessors; Nano S. Interested users of the device will be impressed by the relatively big screen, mobile application, improved security, Bluetooth and also its highly notable feature of backing up more than one hundred Cryptocurrency assets at the same time.
If you’d like, you may visit the following link to Buy A Ledger Nano X Hardware Cryptocurrency Wallet