The Ledger Nano S by Ledger is a hardware wallet supporting Ethereum, Ethereum Classic, and also different assets and crypto-currencies. It’s based on robust safety features for storing cryptographic assets and securing digital installments. It connects to any computer by means of USB running a Parity Wallet and empowers utilizing the record to sign transactions. The Ledger Nano S is unique than Ledger’s other 2 hardware wallets—the Ledger Nano and Ledger HW.1—because it has a screen. The Nano S’s screen implies, as other hardware wallets (like KeepKey or TREZOR), it can be utilized even on a computer that is contaminated with malware.
Design and user interface
Design-wise the items are essentially the same. Both are little and compact, however, the Ledger Nano S has a slight benefit as in its metal casing makes it more durable in my opinion (and furthermore somewhat sexier). Both wallets will both fit pretty easily into your pocket or hand as can be seen below.
The way the Ledger Nano S-works are pretty similar to any hardware wallet. When you first set it up you will choose a PIN to protect the gadget from undesirable get to. Later, you will get a twenty-four-word seed that will be utilized to make your private keys (this is what’s known as an HD wallet, more on that here). This seed ought to be written down in a protected place and NOT on your computer, as whoever knows this seed has control over your Bitcoins. A good suggestion would be to write this seed down utilizing a Cryptosteel gadget.
The Ledger Nano S has 2 buttons that enable you to control it. The initial set up of the gadget is pretty simple and takes about three minutes. Most of the time is spent on writing down your seed.
This seed creation is one of the places where the second screen becomes an integral factor. If your computer is compromised a hacker will have the capacity to see the seed if it’s shown on your screen. This is exactly why the seed words appear on the small gadget screen that is tamper-proof, so you realize that only you see your seed.
Once the gadget is set up, all that is left is to install an application that enables you to interface with the gadget (i.e. send and get Bitcoins).