Ledger Hardware Wallets

Ledger hardware wallets are physical devices designed to securely store cryptocurrency assets. They operate offline, providing an extra layer of security against hacking attempts and other online threats. The device typically resembles a USB drive and is connected to a computer to access and manage the stored assets.

The private keys, which grant access to a user's cryptocurrency assets, are stored on the device's secure chip. Transactions are signed on the device and only the signed transaction is transmitted to the internet for broadcast to the blockchain network. This helps to ensure the security of the private keys, as they are never exposed to the internet or a computer's potentially vulnerable software environment.

In addition to providing secure storage, many ledger hardware wallets also offer other features, such as support for multiple cryptocurrencies, a password manager, and a secure means of accessing decentralised applications. Some models even include a small OLED screen for displaying transaction details and confirming device actions, adding another layer of security to the user experience. With their hardware-based security and user-friendly interface, ledger hardware wallets have become a popular choice for individuals and organisations looking to securely store and manage their cryptocurrency assets.