On Tuesday (June 28), French cryptocurrency hardware wallet manufacturer Ledger has finally added support for Cardano ($ADA) to the mobile (Android) version of Ledger Live, the application for managing cryptoassets on Ledger devices.
Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It currently makes three crypto hardware wallets: Ledger Nano X, Ledger Nano S, and Ledger Nano S Plus.
On April 26, Cardano founder Charles Hoskinson applauded Ledger’s announcement about version 4.0.0 of the Cardano app for Ledger wallets now being compatible with Cardano-powered smart contracts.
On April 27, Ledger’s support team delighted the Cardano community by announcing that the Ledger Live app is currently working on adding full support for ADA:
In the following tweet, the support team clarified what this update to the Cardano app for the Ledger wallet means for users:
Then, on June 14, Ledger published a blog post, in which it announced that the desktop version of Ledger Live had added support for ADA. As for Android and iOS support, the blog post mentioned that “mobile support is coming soon.”
Support for $ADA on the Ledger Live desktop app means that “you can’t handiest comfortable your personal keys offline as you interact, but also manipulate, ship and acquire your tokens seamlessly for your Ledger Live interface.” It allows shopping for $ADA tokens without delay thru Ledger’s API partner, MoonPay, and feature them be despatched “immediately on your Ledger Nano.”
On June 16, Ledger Academy published a guide titled “What Is Cardano” for beginners. What makes this manual thrilling is how a good deal reward it has for ADA token.
Here Are Some Cardano Highlights
“Cardano makes use of a completely unique proof-of-stake consensus protocol referred to as Ouroboros to comfy its community, special because it’s the first provably comfy, academically-reviewed consensus protocol. Using this consensus mechanism gives Cardano some of advantages over different blockchains.“
“… the energy ate up by ADA is 99% less than the majority of different blockchains, making it a terrific choice for lengthy-time period sustainability.“
“Although ADA isn’t recognized for providing NFTs, it is nonetheless clocking huge volumes, and will be a area to look at in destiny.“
“ADA’s DeFi atmosphere is likewise rapidly expanding, bringing the sizable alternatives of decentralized finance to new audiences, thanks to its minimum gasoline fees.“
“… it’s also quite convenient to stake on ADA due to the fact there’s no lock-up length, and you could manage your assets without delay through your own pockets.“
“Cardano additionally plans to seriously improve its transaction velocity to greater than 1 million TPS with the upcoming Hydra scaling solution, in addition growing its potential real-international application.“
“… Cardano is leaving no stone unturned to establish itself as THE democratic, strength-efficient, and on hand blockchain inside the crypto area…“
And sooner or later, the day past, Ledger announced that it had completed the paintings of including assist for $ADA debts to the Android version of Ledger Live: