Monero (XMR) now compatible with Ledger Nano S
After months of waiting, Monero (XMR), better known as the most important cryptocurrency for the privacy of the nascent market, has been added to Ledger Nano S, the fruit and the flagship product of the French upstart crypto Ledger.
We are excited to welcome one of the best cryptographic resources for the Ledger platform @monero . Ledger Nano S is now compatible with the latest version of the Monero GUI portfolio.
Start protecting your Monero with a Ledger Nano S!
– Ledger (@LedgerHQ) November 29, 2018
This exciting announcement, which unfolds in a cryptic crisis in the market, was released on Thursday by Ledger's social media team and subsequently transmitted to the devices of tens of thousands of devoted Twitter followers.
In an official version, flanked by the passionate tweet, the world-famous startup, a self-proclaimed "global leader in security solutions and cryptocurrency infrastructure," said he announced that starting on Thursday, his Nano S would be compatible with version 0.13 / version of Monero's graphical user interface (GUI).
So, now, security-sensitive "HODLers" will be able to use Ledger's internal application to securely store XMR in a cold room instead of bootloader applications that are not compatible with the GUI. Like other resources natively supported by Ledger, the Nano S will securely store private keys "using a secure element at the forefront", while facilitating an easy-to-use environment for the consumer.
Expressing his excitement about addition and development, Eric Larcheveque, CEO of Ledger, wrote:
We are thrilled to welcome another top-ten cryptocurrency on the Ledger platform with Monero. With this addition, Ledger devices now cover 90% of the entire cryptographic market capitalization. We will continue to support more cryptographic resources in the future, both through our developments and with CryptoTuesday, our monthly version of apps developed by our incredible community.
Monero Bulletproofs Still Chuggin & # 39;
The addition of Monero on Ledger comes just after the activation of the protocol "bulletproof (s)". of the private network, which has been praised by the participants in the cryptography sector.
Monero (XMR) "Bulletproof" Blockchain Upgrade To Go Live, rising investors
For those who are not aware, bullet-proof projectiles, a specific form of interval testing, allow Monero to reduce the average size of "about 80%" transactions from 13.2 kB to 2 , 5 kB. Due to the nature of the blockchain's PoW system, smaller transactions can be directly associated with a lower amount of expenses incurred. Due to the activation of the protocol, commissions on XMR transactions decreased by 97% to almost negligible levels.
In the same update, the Monero development team stated that their network of choice would retain their own tough ASIC properties, before adding that they favor GPU miners, who promote decentralization and community participation.
However, some have argued that while Monero has taken giant steps in the right direction, ZCash, its main competitor (if the scramblers have competitors), has faced a tough fight with the open source project.
Just recently, as reported by Ethereum World News, ZEC, the heritage of the privately owned ZCash ecosystem, has been added to Coinbase as the first cryptocurrency for the privacy of the stock exchange. In other positive news for the privacy competitor, the ZCash & # 39; s Sapling update went live a few days after Bulletproof, which aims to make default privacy transactions by making the underlying protocol lighter and less energetic / resource-hungry.
Title Image Courtesy of Marco Verch on Flickr