According to recent IOTA news, MIOTA has now officially integrated with Ledger’s hardware wallet. The announcement, which came via blog post and Twitter, states that the wallet is also compatible with Romeo wallet, as well as Trinity wallet.
— IOTA (@iotatoken) November 2, 2018
The integration is vital due to the fact that it allows users to isolate their private account seeds from their devices such as smartphones and computers. As a result, the security is enhanced, and a chance of a third party gaining access to these accounts is reduced.
The collaboration will focus on security
Eric Larcheveque, Ledger’s CEO, stated that both IOTA and Ledger aim to provide their users with the security of the highest level. IOTA news that announced the collaboration between the two sparked development of a compatibility feature that would allow users to store, access, and manage their tokens on Ledger’s wallet.
The Ledger Nano S hardware wallet is created with an operating system called BOLOS. This is a system that is integrated into a secure chip. A lot of people are already familiar with this type of chip, as this exact one is used for passports, credit cards, and alike.
The final product is a platform resistant to tampering, and capable of providing a secure environment for data and various apps. Considering that hacking the secure chips is a very difficult process, devices are additionally secured. The fact that hardware wallets are usually used as cold wallets increases the security level even more, and this is what has allowed Ledger to develop such an excellent reputation as a strong, secure wallet in the first place.
IOTA’s co-founder, David Sonstebo, also commented that the team is excited to work with Ledger, but also proud of the community that has made the collaboration possible.
Ledger started off in 2014 as a security and infrastructure solution for blockchain and crypto. Since then, it had groundbreaking solutions that allowed it to rise up to the position of this industry leader. It has headquarters in San Francisco and Paris, and it employs over 200 professional developers and experts for various products and services.
The IOTA news that announced MIOTA being supported by Ledger came only a few weeks after Ledger adopted two other coins — Waves and EOS. In addition, Ledger also works on expanding its Ledger Live app, which is available on Linux, Windows, and Mac, and it serves as an all-in-one app for its users.
As for IOTA, the coin has yet to show any serious price jump caused by the new development. At the time of writing, IOTA is trading in red (by a fraction), with a price of $0.5029 per coin, and a 0.75% decrease in the last 24 hours. IOTA has made significant progress in 2018 when it comes to entering various collaborations. While the newest one is with Ledger, the biggest ones include different car makers who plan to use IOTA’s network for connecting new vehicles via the blockchain technology.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
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