The well-known decentralized platform for digital assets, ARK, has signed a partnership with the physical portfolio of crypto coins, Ledger. The project has been in development for a long time and is finally underway.
ARK is a crypto assets company based on an advanced Blockchain, with a repertoire of features such as SmartBridge Technology, which allows communication with other block strings – listeners participate in this process thanks to ARK’s SmartBridge service provider, Messages themselves are executable transactions that nodes can easily analyze and retransmit – and their respective use by other crypto coins such as Bitcoin, Ethereum and the same SmartBridge applications. ARK is the first Blockchain based on DPOS, the algorithm created by Dan Larimer to solve problems such as the enormous amount of electricity that miners spend every day.
Ledger, meanwhile, is a French company that was born in 2015, allowing the use of reliable Blockchain applications and providing companies with security solutions for computers, smartphones, and servers – Ledger products are sold in more than 100 countries-. Its physical portfolio, launched in June 2016, connects to any computer via USB and offers a screen to verify and confirm each transaction. Ledger Nano S ensures that private keys are never exposed, isolating operations and locking with a respective 4 to 8-digit PIN code. All transactions are inviolable and the level of usability considerably high, since the movements can be verified on the screen with just a push of a button.
Thus, users can send and receive payments, verify their accounts and manage addresses, all from the same device. Another feature of Nano S is that it supports the FIDO® Universal Second Factor standard, which simplifies the authentication process for online services like Gmail, Dashlane, Dropbox or GitHub. It should be noted that accounts can be backed up on a recovery sheet, making restoration of damaged / lost devices simple with any compatible wallet (BIP39 / BIP44) or Ledger device. Nano S is based on a dual-chip architecture (ST31 / STM32, with CC EAL5 + certification level) and firmware integrity is guaranteed.
Ledger Nano S and Ledger Blue have support for the following coins: Bitcoin, Ethereum, Ethereum Classic, Dogecoin, Litecoin, Zcash, Dash, Ripple, Stratis and Komodo; Some tokens built on Ethereum can be managed but only with MyEtherWallet, as all the ERC20, 1ST, ANT, ARC, BAT, BeerCoin, BCDN, BNT, CFI, CRB, CryptoCarbon, DAO, DAO_extraBalance, DGD, DGX 1.0, EDG, EMV, GNT, GNT, GNT, GUP, HKG, HMQ, ICN, JET, LUN, MCAP, MCO, MGO, MDA, MIT, MKR, MLN, MNE, MYST, NxC, PAY, PTOY, PLU, QAU, QRL, REP, RLC, RLT, DICE, ROUND, SGT, SNGLS, SRC, SWT, TaaS, TIME, TKN, TRST, Unicorn, VSL, VERI, WINGS and XAUR.
MyEtherWallet is an online Ethereum wallet that can be used as an alternative to Ethereum’s Ledger application in Google Chrome. It supports native Ledger Nano S and Ledger Blue in Chrome and Opera, without the need to install any application or plug-in. To learn how to manage an Ethereum account using MyEtherWallet, you can click here.
But what is so special about this integration?
This means that users of the Ledger portfolio will now be able to generate HD wallets with greater security, without the need to extract any password fragment from the device. As soon as full compatibility with the physical portfolio is achieved, ARK will extend its support to its mobile and desktop portfolios, requiring the signature of transactions in case the synchronization between the Ledger account and the portfolios of ARK.
Therefore, future ARK inventions, such as ARK Cloned Network, ARK Test-Net / Dey-Net and ARK Fork, will also be compatible with Ledger. ARK’s integration into Ledger Nano S and Ledger Blue has been open to the public since 28 July.
ARK Nano S
Thanks to the partnership between ARK and Ledger, a new limited-edition physical portfolio, known as ARK Nano S, is planned for which only a total of 1,000 units will be manufactured. Undoubtedly, a product widely desired by those most adept to these devices.