Ledger Wallet and NEAR Protocol

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.

Creating account 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)

Follow us on:

Twitter — @uniqartnft

Instagram — instagram.com/uniqart.io

Medium — UniqArt

Discord — https://discord.gg/D36Bk97MG3

--

--

--

The Artist's NFT Marketplace.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

TALENTA DAILY NEWS

MINTWAY NFT Portal

An Interview with Nikolay Shkilev, rated top ICO advisor of 2018 on Altcoin Magazine

The NFT and Decentralized Cloud Mining Power Market of DMEX

How to Store Your Bitcoin

Dfinity’s Internet Computer Opens Ethereum Bridge.

AquaGoat officially partners with FOSTER

How it was. Evolution of Minexcoin payment system (Final)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
UniqArt

UniqArt

The Artist's NFT Marketplace.

More from Medium

Compounding Liquidity Mining Rewards Using QuickSwap

New Reward Program on Gnosis Chain: Augmented Finance x Swapr

What Are Liquidity Pools and Farms?

Bridge to KCC through BoringDAO oPortal NOW!