March 28, 2024

Ledger hardware wallets support Algorand

Ledger Nano X and Nano S hardware wallets received support for ALGO coins and ASA standard tokens on the Algorand blockchain.

Algorand support in Ledger wallets appearedthanks to the coin integration program, in which third-party developers can launch their applications based on Ledger Live. To gain access to ALGO and ASA (Algorand Standard Asset) assets, users need to install the application through Ledger Live, and then connect it to My Algo web wallet or Algorand Wallet mobile wallets.

Ledger Wallet Coin Integration ProgramAllows third-party developers to create asset access applications. And, if approved, any Ledger Live user will be able to access them. In this case, the development was carried out by the Algorand community.

Interestingly, the Algorand Wallet mobile wallet was the first third-party application that can connect to a Nano X device via Bluetooth.

Recently, blockchain-based Algorand was launchedstablecoin USDT, and soon on the basis of this network they will trade tokenized gold. Considering that Ledger devices will support ASA standard tokens, they can be stored in a secure hardware wallet. Investment platform Republic also announced the launch of a digital asset on the Algorand blockchain.

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