As anticipated in recent days with a teaser on Twitter, the company Ledger, known for its hardware wallets Nano X and Nano S, has finally announced a new version of the Ledger Live App, which will allow users to manage all ERC20 tokens in a simple, secure and intuitive way on their hardware wallets.
Up to now, in fact, it was only possible to store a few dozen ERC20 tokens supported by the application. As an alternative, it was necessary to use third-party wallets capable of managing all ERC20 tokens, for example, the well-known MyEtherWallet.
As of today, thanks to the new v.1.14.0 version of Ledger Live, the application now natively allows the storage of dozens of different cryptocurrencies and 1250 ERC20 tokens on the two hardware wallets of the French company.
— Ledger (@Ledger) September 5, 2019
The new version of Ledger Live is available on the official website, both for Mac OS X and for Windows and Linux devices. Alternatively, it is also possible to download the mobile version for Android from the Play Store and for iOS devices from the Apple Store.
Ledger Live introduces support for all ERC20 tokens
After installing the application and connecting the Ledger Nano X or Nano S hardware wallet, all the ERC20 tokens (which operate on the ethereum blockchain) can be found under the entry relating to the ethereum account.
Ledger, in fact, has decided to group all the ERC20 tokens in the ethereum wallet, so as to simplify their management, perhaps in view of the addition of native support to the tokens of many other cryptocurrencies (NEO, Binance Chain, EOS, Zilliqa, etc.).
In order to add support to all ERC20 tokens, it will be enough to simply install the ethereum extension on the device. As a result, once the account is created, all tokens sent directly to the wallet will be recognised and displayed in the total balance on the dashboard.
Naturally, once correctly identified, it will be possible to carry out transactions with the ERC20 tokens, just like with all other cryptocurrencies.
For more details please refer to the video tutorial published by the company, as well as the official announcement.