A few hours ago Ledger, a famous hardware wallet manufacturer, announced that it has integrated support for the Algorand (ALGO) cryptocurrency.
You can now store your private keys on your #Nano for @Algorand 🚀
We're sure you've been waiting for this, haven't you?
Discover More: https://t.co/6t9p1Gz0wU pic.twitter.com/bkatzCf1gJ
— Ledger (@Ledger) April 7, 2020
As can be read in the post, henceforth Ledger can be used to manage both Algorand (ALGO) and Algorand Standard Assets (ASA), after installing the app from Ledger Live. The crypto will be available both on Ledger Nano X and Ledger Nano S.
The integration has taken place thanks to the community of Algorand developers who have developed the relevant applications and who have designed them to make the crypto compatible with the most famous hardware wallet.
The post also mentions that the mobile application for iOS and Android, Algorand Wallet, is the first to integrate and be compatible with the Ledger Nano X that, as known, has the ability to communicate with wireless devices thanks to Bluetooth technology.
This is definitely good news for Algorand’s blockchain, considering that Ledger is the most secure and famous hardware wallet in the crypto world.
It is worth remembering that Algorand uses the Pure Proof of Stake (PPoS) protocol, which aims to solve the famous trilemma, considered by many as a paradox.
It should not be forgotten that recently Algorand also announced a new protocol, called Co-Chains, a permissioned blockchain connected to the main, on which it is possible to carry out private transactions but which can interact with the main blockchain to only pass the information deemed appropriate and shield the rest of the transactions.
In short, this small blockchain is advancing, despite the value of its crypto being currently about 18 cents and standing at position 45 of CoinMarketCap, but with a positive trend in recent weeks, following the upward movement of recent days that is seeing many cryptocurrencies in green as well.
