o3n [ozone] blockchain layer

Blockchain source

Menu
  • Cybersecurity services
Menu

Crypto Software Firm Blockchain Launches Ledger-Powered Hardware Wallet

Posted on October 25, 2018 by nbelov

Crypto software firm Blockchain has launched a new hardware device that integrates with its online wallet, developed in partnership with Ledger.

Crypto software company Blockchain has launched a new hardware device that integrates with its existing online wallet, developed in partnership with crypto hardware security firm Ledger, according to a press release shared with Cointelegraph today, Oct. 25.

A hardware crypto wallet is a form of so-called “cold storage,” which allows users to keep their crypto holdings and private keys offline in order to safeguard against theft via a remote attack.

The new device, dubbed “Blockchain Lockbox,” is reportedly only compatible with the company’s online Blockchain Wallet, and has been designed to allow users to store all or a portion of their crypto holdings offline, with easy access to their online account.

Ledger president Pascal Gauthier commented on Blockchain’s move to integrate its non-custodial software with a Ledger-developed hardware storage solution, saying that both firms are “hyper-focused” on security in the crypto space. He further remarked on the preponderance of “crypto hacking” headlines as a context for the firms’ mutual focus on developing more secure solutions.

Users can reportedly either order new Blockchain Lockbox devices or pair their existing Ledger Nano S devices to an online Blockchain Wallet in order to benefit from the added functionality and access to trade.

Blockchain, formerly known as Blockchain.info, launched an institutional investment platform at the end of June. This fall, the wallet provider made LinkedIn’s top ten most “sought-after” U.K. startup employers list.

As reported this July, Ledger claims to have sold over one million hardware crypto wallets in 2017, earning a profit of $29 million, and raised $75 million in a series B funding round this January. For its second round, the firm has reportedly attracted the interest of tech giants such as Samsung, Google’s venture arm GV, and Siemens, with talk of Ledger’s valuation reaching as high as $1 billion.

While hardware wallets are widely regarded as being significantly safer than online storage, Ledger revealed in February this year it had discovered a vulnerability that affects all of its devices that could potentially lead to users losing their funds, subsequently outlining a method of protection for users to safeguard their transactions.

Source: Cointelegraph https://cointelegraph.com/

Recent Posts

  • Supply Chain Blockchain for Automotive Market Size And Forecast | Mesosphere, DASH, Bitpay, Shapeshift, Bittrex, Factom Inc, Coinbase, Ripple, IBM, Chain Inc – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain in Retail Market Size And Forecast | IBM, Microsoft, SAP, AWS, Oracle, Bitfury, Cegeka, Auxesis Group, Blockpoint, Coinbase – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain In Telecommunication And Post Services Market Increasing Demand and Dynamic Growth with Forecast 2029 | IBM, Microsoft, Juniper Networks, Coinbase, SAP SE – The Daily Vale – The Daily Vale May 25, 2022
  • Metaverse Blockchain Games Market 2022 Regional Trends, Top Leading players – Ubisoft, Sky Mavis, Decentraland, Mythical Games, DAPPER LABS, Forte, Enjin, Voxie Tactics – The Daily Vale – The Daily Vale May 25, 2022
  • Blockstream dreams up a whole new type of multisig called ROAST May 25, 2022
  • OpenEthereum support ends with the Merge fast approaching May 25, 2022
  • 'Code is not law': Seth Green thief stole Bored Apes, not the rights say experts May 25, 2022
  • Cornucopias: A Revolutionary Cardano Blockchain Project That Is Redefining the Gaming Metaverse Industry – Press release Bitcoin News – Bitcoin News May 25, 2022
  • FinTech Blockchain Market to have a Stout Growth in the Near Future – Ripple, Guardtime, Cambridge Blockchain, AWS, Applied Blockchain, etc – The Daily Vale – The Daily Vale May 25, 2022
  • WeWork founder reinvents himself with $70M crypto carbon credit platform May 25, 2022
  • Blockchain in Pharma Supply Chain Market | Company Challenges And Essential Success Factors |IBM, AWS, Microsoft, SAP, Chronicled, etc – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain Distributed Ledger Technology Market to have a Stout Growth in the Near Future – Digital Asset Holdings, Capgemini, Accenture, Block chain Tech Ltd, Ethereum, etc – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain in Digital Rights Management DRM Market Size And Forecast | Sony, Binded.Inc, Custos Media Technologies, Scenarex, Publica, Mediachain, Pixsy, Gilgamesh, RecordsKeeper – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain for Land Registry And Asset Tracking Market Size And Forecast | Accenture, Factom, BlockVerify, Applied Blockchain, Digital Asset, Bitfury, Guardtime, Deloitte, ChromaWay, Gemalto – The Daily Vale – The Daily Vale May 25, 2022
  • What Are Web 3.0 Enabled Blockchain Esops And How Are They Different From Regular Esops? – Outlook India May 25, 2022
  • Blockchain in Education Market Size And Forecast | Blockcerts, DISCIPLINA, Gilgamesh, IBM, Learning Machine, LiveEdu, odem.io, Open Source University, Oracle, RecordsKeeper – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain Distributed Ledger Technology (DLT) Market Size And Forecast | Chain Inc., IBM, Accenture, Monax Industries, Intel, Deloitte, Earthport, Microsoft Azure, Digital Asset Holdings – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain-as-a-Service Market 2022 Competitive Expectations with Industry Players – Infosys, SAP, Cognizant, IBM corporation, Amazon, etc – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain in Logistics Market 2022 Competitive Expectations with Industry Players – SAP, Oracle, Microsoft, Amazon, Maersk, etc – The Daily Vale – The Daily Vale May 25, 2022
  • Uniswap breaks $1T in volume — but has only been used by 3.9M addresses May 25, 2022
  • Could GameFi and carbon currencies reverse blockchain's climate stigma? May 25, 2022
  • CryptoSat’s first nanosatellite blasts off Wednesday on SpaceX rocket May 25, 2022
  • New Luna 2.0 blockchain will not be a fork of Luna Classic – CryptoSlate May 25, 2022
  • Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback May 25, 2022
  • Crypto, blockchain and NFT firms are bailing out Hong Kong office property segment – South China Morning Post May 25, 2022
  • BSV Global Blockchain Convention Opens With Impactful Speech – Benzinga – Benzinga May 25, 2022
  • ShareRing, A Digital Identity Blockchain Ecosystem, Announces SHR Token Swaps From BNB Smart Chain To – Crowdfund Insider May 24, 2022
  • Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates May 24, 2022
  • All Eyes on Digital Assets EO for Crypto, Blockchain Policy Turns – MeriTalk May 24, 2022
  • Blockchain and Metaverse Legal Issues for the Government and Government Contractors – JD Supra May 24, 2022

Ad

Ad

©2022 o3n [ozone] blockchain layer | WordPress Theme by Superbthemes.com