Ledger Unveils New Secure Crypto Hardware Wallet: The Ledger Stax

Ledger Unveils New Secure Crypto Hardware Wallet: The Ledger Stax

Introduction:

Ledger, a French startup recognized for its secure crypto hardware wallets, has recently launched its latest innovation - the Ledger Stax. This new hardware wallet features an E Ink display and was designed in collaboration with Tony Fadell, known for his work on the iPod.

Features of Ledger Stax:

  • E Ink Display: Provides clear visibility in daylight and consumes less power
  • Curved Display: Offers a unique design element, although challenging to produce at scale
  • Touch Screen: Interacts directly with the secure element for improved user experience
  • Bluetooth Connectivity: Enables wireless crypto transactions, eliminating the need for cables
  • High-End Design: Targeted towards premium customers with a price tag of around $300

Security Measures:

  • Private Key Protection: Secure element stores private keys, ensuring asset safety
  • Recovery Options: Allows for wallet recovery using a secret recovery phrase
  • Anti-Phishing: Protects against common phishing attempts, but not social engineering

Additional Features:

  • Display Information when the device is off
  • Built-in Magnets for easy alignment
  • Qi Wireless Charging support

Production and Partnerships:

  • Collaboration with Foxconn for manufacturing
  • Previous devices assembled in Vierzon, France
  • Nano S Plus and Nano X devices will continue to be manufactured in Vierzon

Company Statistics:

  • Over 6 million devices sold to date
  • Estimated to secure 20% of the world's crypto assets

With the launch of Ledger Stax, Ledger continues to lead the market in providing secure and user-friendly solutions for crypto storage. The innovative design, advanced features, and strong security measures make it a top choice for crypto enthusiasts looking to safeguard their assets.

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