What is Ledger?
Ledger wallets are hardware cryptocurrency wallets made by Ledger, a company headquartered in Paris, France. In the U.S., the company has offices in San Francisco, California. Ledger was launched in 2014 by eight experts who had backgrounds in embedded security, cryptocurrencies, and entrepreneurship. The company's goal is to create secure solutions for blockchain applications.
Private keys and how they work
When you buy/own cryptocurrencies, what you really own is a private key. A private key as its name suggests is like a key to the funds that you have stored. Your crypto assets are not physically present anywhere, nor stored in any folder. There is no physical entity representing your cryptocurrencies.
A ledger wallet is not a device that stores your cryptocurrency but rather act as a locker for your private keys. This enables your to be a custodian of your own money and have it on hardware rather than on your computer. The fact that you carry the wallet around, guarantees a level of safety that no software wallet can offer.
Ledger wallets are designed for newer users. Getting started is rather easy. The wallets require a separate application, also made by Ledger, to work. This app, called Ledger Live, lets users interact with their hardware wallet on a desktop or laptop computer.
Ledger and NEAR Wallet
To use Ledger with NEAR, install NEAR in the Ledger Live app.
(More info here)
Users looking to create their NEAR wallet can initialize it through the “Ledger Hardware Wallet” integration on wallet.near.org.
When creating a wallet on NEAR, users can choose between using a “Secure Passphrase, “Email”, or “Ledger Hardware Wallet”
Connect your Ledger device through your computer or mobile via USB and you should be all set! 👍🏼
(More info here)
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