Crypto Hardware Wallet Maker Ledger Introduces Update to Synchronize Digital Assets Accounts

France’s crypto hardware wallet maker Ledger says that it is sharply focused on maintaining a high level of security and privacy.

Since launching the Ledger Live companion app, the French digital currency hardware wallet maker has continued to work on further improving the user experience of Ledger Live, all without “compromising” on secure self-custody or privacy.

According to Ledger, this means that there are a few user experiences in the app that they have needed to catch up on, which includes creating a more seamless and user-friendly experience across your Ledger on Desktop as well as Mobile.

Ledger further noted in a blog post that this is why they’re pleased to introduce Ledger Sync, which is described as a new feature that allows for secure, private management of crypto across your Ledger wallets.

Prior to the arrival of Ledger Sync, when you modified, added, or deleted an account, you had to “do it on every platform.”

And perhaps even worse, if you had been in the process of setting up a new computer, you had to “manually add” all your accounts.

Ledger now claims that it supports more than 5,500 coins and digital tokens, meaning a “cumbersome” experience during a time when we expect things fast and easy.

Ledger claims  that it could have taken the “Web2 route” by creating an account with an email and password and “storing your account list in a database.”

However, at Ledger, they claim to fundamentally believe that “no one should have access or ownership over your data but you.”

Leveraging the Ledger Key Ring Protocol, they claim to use your Ledger device as the key to “synchronize your accounts across all platforms”—without requiring you to create an account with an email and password.

You just need your Ledger device—no password needed.

According to the crypto hardware wallet developer, it is said to be “secure, private,” and easy to use: with Ledger Sync, you’re in control of your data.

They firm further explained that it developed the Ledger Key Ring Protocol (KRP) to solve the challenge of secure data sharing in decentralized environments with end-to-end encryption.

With Ledger KRP, you should reportedly have complete control over your encryption keys.

And thanks to its hierarchical deterministic structure for managing secrets and handling encryption, you are now able to share “private information” over public channels with “peace of mind.”

In summary, you are now able to create an infinite number of encryption keys with your secret recovery phrase.

Ledger also mentioned that each key is completely “independent,” giving you an easy way to “manage your encryption keys.”

For instance, should you have multiple Ledger wallets with the same secret recovery phrase, you can use “any of these devices to enable Ledger Sync.”

As long as you have your secret recovery phrase —which should be a lifetime— you will have “access to your encrypted data.”

The firm also noted that they integrated Ledger KRP into Ledger Live in order to create a private, and secure “synchronization solution for your list of accounts.”

Gradually, Ledger said that they will enable users to sync more elements than just your accounts and continue our mission to make self-custody easier “to use without compromising on either security or privacy.”

To make the user experience even easier, they developed a two-way end-to-end encrypted method to “share your encryption key between a Ledger Live Mobile App and another Ledger Live Mobile App or Ledger Live Desktop App.”

This will enable Ledger Nano S Plus users to “automatically sync their Ledger Live Desktop App with their Ledger Live Mobile App.”

As more Ledger users upgrade to Ledger Stax and Ledger Flex, they want to make that transition is as effortless as possible, all “without compromising on security or privacy.”

This function will also allow users to share their account list without “needing their Ledger device” by just scanning another Ledger Live App with Ledger Sync enabled.

Quite often in the Web2 world, Ledger pointed out that you need to have access to free experiences because firms tend to monetize and sell your data.

With Ledger KRP and Ledger Sync, this is actually not possible, as you are in full control of your encryption keys, and “no one at Ledger or any other company can access your data.”



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