Bloackchain platform ARK has announced a partnership with Ledger hardware wallet. ARK integration into the Ledger hardware wallet makes ARK the tenth cryptocurrency to be secured by the top-notch piece of hardware.
If you do not have yet a Nano S or a Blue, you can order one at the company’s online Ledger shop.
Furthermore, the ARK-desktop and ARK-mobile wallets will be compatible with Ledger wallet, and they will be BIP32 compliant.
This means Ledger wallet users will be able to generate HD wallets with extra security without having any single passphrase getting out of the Ledger device. Once full compatibility with the Ledger Hardware wallet is achieved, ARK will also extend Ledger hardware wallet support to its desktop and mobile wallets, requiring them to sign transactions if the Ledger account is synced to the ARK wallets.
Also, any future ARK cloned network, ARK fork, or ARK test-net/dev-net will be compatible with the Ledger wallet, making every ARK cloned chain Ledger compatible.
ARK support on Ledger Nano S and Ledger Blue is set to go live on July 28, 2017.
What is Ledger?
Ledger is a cryptocurrency hardware wallet for storing cryptographic assets and securing digital payments like Bitcoin, ARK, and other altcoins. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.
Ledger Nano S ensures that secrets like private keys are never exposed. The device isolates sensitive operations within a contained state of the art Secure Element which is locked by a PIN code. All transactions in and out of the wallet are tamper proof, and they can be physically verified on the embedded screen with a simple press of a button.
Users can send and receive payments, check accounts and manage multiple addresses for each currency from the same device. Nano S also supports the FIDO® Universal Second Factor standard that simplifies the authentication process on compatible online services such as Gmail, Dashlane, Dropbox or GitHub. The ledger accounts can be backed up on a recovery sheet, making restoration of lost/damaged devices easy with any Ledger device or compatible wallets (BIP39/BIP44).
Based on a dual chip architecture (ST31/STM32, Certification level: CC EAL5+), Ledger Nano S provides unprecedented firmware integrity guaranteed by cryptographic attestation. It can be accessed only after entering a 4-8-digit PIN code, each time it is plugged into a computer. The hardware wallet makes allowance for easy initialization and restoration of configuration within a secure environment. The security features integrated into the wallet are designed to ensure the cryptographic secrets are never exposed to the outside world.
Users’ private keys are never held or known by Ledger or any other third party as they remain hard-locked within the Secure Element. With Ledger Nano S, the wallet remains decentralized, allowing the users to be their own bank.
Limited Edition ARK Nano S
ARK, in association with Ledger, has come up with a Special Limited-Edition ARK branded Nano S hardware wallet. Only 1,000 of these devices will ever be manufactured, which gives more the reason for anyone interested in laying their hands upon it to order a piece as soon as they are made available. The ARK branded Ledger Nano’s release is scheduled for early August 2017.
ARK is the first Delegated Proof of Stake (DPoS) consensus based cryptotoken, with initial upgrades like HD (Hierarchical Deterministic) Wallets. ARK has made significant improvements to its DPoS algorithm and the Lisk codebase from which it was forked.