Ledger

Ledger is a company that provides hardware wallet solutions to store cryptocurrencies securely. Ledger offers two main products: the Ledger Nano S and the Ledger Nano X.

Here’s a bit more about each:

1. Ledger Nano S: This is a compact hardware wallet, designed like a small USB device. The Ledger Nano S supports a wide range of cryptocurrencies and is designed to keep your private keys safe. The private key (which is crucial for accessing your crypto assets) never leaves the device, which reduces the risk of theft.
2. Ledger Nano X: The Ledger Nano X includes all the features of the Nano S, but with added Bluetooth functionality, a larger screen, and support for more apps simultaneously. The Bluetooth functionality allows you to manage your assets from your smartphone using the Ledger Live mobile app, making it more versatile for those who want to manage their assets on the go.

Both of these devices work by keeping your private keys offline and isolated from your internet-connected devices. This type of device is known as a cold storage solution and it’s considered one of the safest ways to store your cryptocurrencies. Ledger’s devices also require a physical confirmation (pressing a button on the device) to confirm transactions, adding an extra layer of security.

Remember, the security of your cryptocurrency also depends on how securely you manage your recovery phrase (a sequence of words that can be used to recover your assets if your device is lost or stolen), so make sure you store it carefully.

As for software, Ledger devices use a companion application called Ledger Live, which allows you to manage your assets, perform transactions, and install new applications onto your Ledger device for additional cryptocurrencies.