As of late, I went to the North American Bitcoin Conference in Miami. Ledger, one of the main hardware wallets makers were offering their stock at the event and I chose to, at last, do my Ledger Nano S review which I have postponed far too long.
So I got myself a specially engraved Ledger Nano S made only for the meeting and today I’m trying it out for the first time. If you’ve been an eager per user of 99Bitcoins you probably know I’m a long time fan of TREZOR, Ledger’s main competitor. Yet, I’ve been hearing such a large number of good things about the Ledger Nano that I chose to do a TREZOR versus Ledger sort of comparison.
Before I begin my review a quick word about Bitcoin hardware wallets. Hardware wallets are probably the most strong type of security you can have for your Bitcoins or any other digital currency. They enable you to send and get Bitcoins on any computer, even one that is compromised with malware, with the information that your transaction will still go through as intended. For more information about Bitcoin wallets, in general, look out most recent Bitcoin Whiteboard Tuesday episode.
Here’s a complete review of how the gadget works done by BTC Sessions on YouTube:
The way the hardware wallets achieve maximum security is by storing your private key and signing your Bitcoin transactions offline so somebody attempting to “hack” your wallet remotely won’t have the capacity to do as such. Most hardware wallets likewise utilize a second screen/gadgets to confirm activities on your wallet. for example, signing transaction. Along these lines, if a programmer gains control over your computer, he still can’t do any damage since he obliges access to the physical gadget connected to your computer also.
I’ve reviewed the previous Ledger model, the Ledger Nano before. Back then I concluded that the added protection that a TREZOR wallet gives you with its second screen protection is better than the Ledger Nano. However, the Ledger Nano S now includes a moment screen feature as well. So this comparison is going to be interesting.