Brief Overview of Ledger Nano S/X

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MrAway

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Jan 15, 2024
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Ledger Nano S/X are hardware wallets for cryptocurrencies with a high level of security, storing private keys in an isolated secure element chip and requiring a PIN code for asset access. Nano S is a compact USB device with basic features, while Nano X provides additional conveniences with wireless Bluetooth connectivity and a larger screen, enhancing the wallet's mobility and functionality.

SecurityLedger Nano S/X ensures a high level of security for storing cryptocurrency assets.

Private keys are stored in an isolated Secure Element microcontroller, making them inaccessible to hacking or cyber attacks from external sources;

To access the device and confirm transactions, a PIN code input and two-factor authentication are required to verify operations;

Completing transactions requires physically pressing buttons on the device, helping prevent fraud and unauthorized operations;

Ledger Nano S/X are not directly connected to the internet, reducing the likelihood of online attacks and protecting assets from remote hacking attempts;

Users create a Recovery Phrase, which consists of several words for recovering access to the wallet in case of loss or damage to the device.