CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

Ledger Now Supports Astar And Shiden

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Ledger now supports Astar and Shiden — you can sign transactions and deploy/interact with smart contracts on our networks’ EVM layer. The ability to store your private keys offline is a security feature that both experienced and new crypto users need when choosing the freedom that self-custody offers. Now users can feel comfortable when storing larger amounts of ASTR and SDN as part of their portfolio.

Participating in Web3 requires taking control of your assets, putting a responsibility on us to choose where to store private keys. Leaving your private keys on an internet connected device (PC or smartphone) or a centralized exchange (CEX) runs the risk of hacker attacks plus the chance of losing your private keys. Cold storage on a Ledger wallet keeps your keys offline, in your possession, protected from software attacks, fault attacks, and, even, side-channel attacks (Read more about potential attacks and more on Ledger Academy).

They chose to develop on Ledger first due to the company’s impressive history, a 5 year track record of being resistant to hacks, and popularity, over 4M+ wallets sold in over 200 countries. By using a hardware wallet, owners must verify transactions physically on their device — keeping your keys and password on your hardware wallet and off of your computer, phone, or internet application. Even if your computer is hacked, access to your keys are mitigated with cold storage.

Using Ledger Wallet

Saying goodbye to the middleman — banks and central exchanges (CEX) — can often leave new users scratching their head on how to use their new hardware wallet. So, here’s a list of tips when choosing cold storage of your assets:

  1. Always use approved websites and vendors when ordering your hardware wallet. At time of writing, the official website is: https://www.ledger.com/
  2. Use a password when possible. Ledger has this option.
  3. Back-up, back-up, back-up: Store your 24-word recovery phrase in safe locations away from your hardware wallet. Plus, consider having a back-up device.
  4. Avoid storing your recovery phrase digitally. When possible, use physical copies.

If you are new to Ledger, then use our guide. It walks through setting up your device and sending/receiving assets, here: https://docs.astar.network/docs/integrations/wallets/ledger/ledger-evm

Note: They are actively working to deploy the first iteration of the Native dApp for Ledger and are eager to deliver a full cold storage solution to our community.

About Ledger

Ledger is the world’s most popular wallet . In addition, it is safe and secured. It can manage over 5,500 digital assets. Ledger is the smartest way to secure, buy, exchange and grow your crypto assets.

Website Twitter |

About Astar

Astar Network the Smart Contract Hub for WASM + EVM one of the top Parachains in the Polkadot ecosystem. Leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all major Layer 1 Blockchains. Astar Network supports dApps using multiple virtual machines — namely WASM and EVM. Offers the best technology solutions & financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers. To build on top of a secure, scalable, and interoperable blockchain.

Website Twitter |

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