The Ledger Nano S Plus Hardware Wallet Boasts Enhanced NFT Support
Niko Pajkovic — April 5, 2022 — Tech
References: ledger & theblockcrypto
Ledger, a tech startup specializing in security and infrastructure solutions for cryptocurrencies, has announced the launch of its latest version of its crypto hardware wallet, dubbed the Ledger Nano S Plus. The new product introduces a variety of features, the most notable of which are new clear signing capabilities for NFT transactions.
Clear signing is a new trend amongst makers of both hardware and software wallets that aims to provide users with greater transparency regarding the nature of their transactions. In the case of the Ledger Nano S Plus, the new tech intends to help prevent NFT collectors from falling for common scams.
“Billions of dollars in transactions happen via ‘blind signing,’ monthly and those are all vulnerable transactions. Fortunately, the Nano S Plus connected to Ledger Live allows users to see their transaction details when signing, ‘clear signing,’ and users should avoid signing transactions when they can’t see this information,” explained Ian Rogers, Chief Experience Officer at Ledger.
Image Credit: Ledger
Clear signing is a new trend amongst makers of both hardware and software wallets that aims to provide users with greater transparency regarding the nature of their transactions. In the case of the Ledger Nano S Plus, the new tech intends to help prevent NFT collectors from falling for common scams.
“Billions of dollars in transactions happen via ‘blind signing,’ monthly and those are all vulnerable transactions. Fortunately, the Nano S Plus connected to Ledger Live allows users to see their transaction details when signing, ‘clear signing,’ and users should avoid signing transactions when they can’t see this information,” explained Ian Rogers, Chief Experience Officer at Ledger.
Image Credit: Ledger
Trend Themes
1. Clear Signing Trend - Makers of both hardware and software wallets are introducing clear signing capabilities to provide users with greater transparency regarding their transactions.
2. NFT Transaction Trend - New crypto hardware wallets are incorporating enhanced NFT support features to help prevent collectors from falling for common scams.
3. Security and Transparency Trend - Startups are developing security and infrastructure solutions for cryptocurrencies that promote transparency and prevent fraudulent transactions.
Industry Implications
1. Cryptocurrency Wallets - Hardware and software wallet makers are introducing disruptive innovations that increase transparency and security for cryptocurrency users.
2. Blockchain Security Solutions - Tech startups specializing in blockchain security solutions are finding opportunities to provide more transparency and prevent fraudulent transactions.
3. NFT Collectibles Industry - The NFT collectibles industry is benefitting from the development of new crypto hardware wallets that incorporate enhanced NFT support features to prevent scams.
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