Blockchain Firm Cardano To Integrate Ledger Hardware Walletbr>
The Cardano Foundation is enhancing the Cardano ecosystem by enabling secure wallet integration with Ledger hardware wallet devices.
Cardano is an open source decentralized public blockchain. With its third generation proof-of-stake consensus mechanism, Cardano addresses the three major issues which have been troubling many blockchains – sustainability, scalability, and interoperability. It is one of the first blockchains to be built in Haskell programming language. Haskell is a standardized, general-purpose purely functional programming language, with non-strict semantics and strong static typing.
Cardano’s native blockchain token – ADA – is the fifth-largest cryptocurrency in the market. It has a market cap of over $8 billion, according to coinmarketcap.com.
French cryptocurrency hardware wallet manufacturer Ledger is a provider of security and infrastructure solutions for cryptocurrencies. The Ledger wallet allows customers to store cryptocurrency holdings offline to reduce the hacking risk.
Cardano said the integration will allow ADA holders to transfer their digital assets directly from their software wallets to Ledger’s more secure hardware wallet – Ledger Nano S. A dedicated Cardano app in the Ledger wallet will help to create a seamless experience to the users.
The company enlisted cryptocurrency and blockchain consultancy firm Cryptonomy to deliver the integration. The project will initially focus on the integration with IOHK’s ADA wallet, Daedalus.
“The ability to hold digital currency funds securely is front of mind for many users,” said Michael Parsons, the Cardano Foundation’s chairman and executive director. “Ledger has extensive experience in the cyber security industry, specifically with smart cards and secure embedded operating systems. This fact, combined with Ledger’s position as the leading bitcoin and cryptocurrency hardware wallet manufacturer, will provide ADA holders reassurance that their digital assets are securely held.”