As Ledger states, this takes away the need for the anti-tampering stickers that ship with many of its competitors. The Secure Element even provides continuous tamper-proofing, checking the hardware integrity each time you power on the Nano S. It is often compared to a vault because it houses the user’s private keys inside the chip. Sure, it looks nicer than most other cryptocurrency wallets - the Nano S is made of stainless steel and plastic and looks more like a sleek flash drive than the amorphous hunk of plastic designs I’ve seen I’ve come across on other wallets - but it turns out that beneath its sleek veneer lies a fundamentally different hardware system, one that sets the Ledger apart from any other wallet I’ve used.Īt the heart of the $69.99 Ledger Nano S is the Secure Element, a chip that specializes in running secure payment apps and protects its contents from malware. The Ledger Nano S may appear on the surface to be the same as hardware wallets we’ve highlighted in the past : it uses a simple two-button interface for menu navigation and confirming transactions, a monochrome screen, and micro USB to USB-A connection just like the Archos Safe-T Mini and Trezor One. I got the chance to check one out to see if Ledger’s tech changes the way we protect our crypto. The Ledger Nano S is one of the more unique hardware wallets available, eschewing the open-source approach taken by many of its competitors and instead opting for proprietary hardware that, at least in theory, should keep your investments even safer. If you read our previous story on cryptocurrency security, you’ll know that hardware wallets are one of the most secure ways to store your coins.
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