The Nano X is an upgrade from the Nano S which sold over a million devices and featured in our best cryptocurrency wallets of 2018 roundup. The Nano X offers a host of new, improved features for safe bitcoin storage.
Here’s everything we know so far.
Ledger Nano X: Bluetooth Enabled
Ledger’s new hardware wallet will feature Bluetooth connectivity, allowing users to connect to a mobile device. The previous Nano S only connected to a laptop or desktop via USB.
It improves usability in a mobile-first world and it means the Nano X can be used on the go.
Ledger Live Mobile: A New Mobile App
Ledger will launch a mobile app to integrate with the device, Ledger Mobile Live. The app will enable users to make transactions and check their balance quickly.
In the past, Ledger users could only conduct transactions on the desktop software.
The app will be available on Google Play and Apple App Store on January 28th.
The Ledger Nano X features a larger screen than its predecessor. That’s a crucial upgrade as most of Ledger’s security features operate right there on the screen (PIN code access and transaction confirmations, for example).
The larger screen makes this process easier and more user-friendly. The buttons have also been moved from the top of the device to the front for a more intuitive experience.
1,100+ Coin Support
Like the previous device, Ledger’s Nano X will support more than 1,100 crypto assets.
However, the big problem with the Nano S is the inability to hold more than about ten cryptocurrencies at once on the device.
The Nano X aims to address that by increasing the memory.
Increased Memory: 100 Coins At One Time
By increasing the memory on the Ledger Nano X, users can hold significantly more cryptocurrencies at once.
That’s because Ledger stores each different crypto asset on its own wallet, using a separate app. It’s a security feature. If you want to hold bitcoin on a Ledger device, you’re not just storing bitcoin, you’re using memory to store a bitcoin wallet. If you then add ethereum, you also store an ethereum wallet or app.
The Nano X drastically increases the memory, meaning you can hold up to 100 different crypto assets at once.
The introduction of Bluetooth might send alarm bells ringing for some. A wireless connection does increase the risk of an attacker hijacking the connection.
However, Ledger claims it is still highly secure due to Bluetooth’s short range and the device’s built-in security features. Speaking to Bitcoin Magazine, CEO Eric Larchevêque said:
“The Bluetooth connection is only used to send public data, such as your public key. The transaction itself is encrypted end-to-end while using the highest level of encryption and security on the Bluetooth protocol … no private keys are on the Bluetooth connection. It’s the same as the USB cable. Security-wise, the architecture is the same.”
The private keys are stored in a microchip that remains in the device at all times. Additionally, all the most important security checks (like PIN access) take place on the device or in the app. The device itself will only respond to the corresponding user app which should limit attacker access.
The Nano X will launch at $119 including shipping. Its predecessor, the Nano S, will get a price cut.
The Ledger Nano X is available to pre-order now and will ship in March. The app will launch on January 28th.
Size: 72mm x 18.6mm x 11.75mm
Compatibility: 64-bit desktop computer (Windows 8+, macOS 10.8+, Linux) or smartphone (iOS 9+ or Android 5+)
Chips: ST33J2M0 (secure) + STM32F042
Further reading: 12 Best Crypto Wallets (For Safe and Secure Bitcoin Storage)