Ledger Hardware Wallet Recommences Bitcoin Cash Services

According to an announcement on Nov 23, Crypto Hardware Ledger wallet resumes Bitcoin Cash Services.

The Crypto hardware ledger suspended the Bitcoin Cash services on Nov 14 to prevent undesirable transactions and potential replay attacks. During the service pause, it wasn’t possible to access the Bitcoin Cash services through the wallet’s infrastructure.

The official announcement that Ledger made says that the Bitcoin Cash network experienced a Hard Fork on November 15, 2018. Thus leading to the origination of Bitcoin Cash SV (BCHSV).

Ledger wallet announced the reactivation of service on twitter saying

“Our Bitcoin Cash service is back online in the form of Bitcoin Cash ABC. We’re also providing you with a help center article explaining how to claim your Bitcoin Cash SV. It is recommended to do this before sending Bitcoin Cash.”

Ledger clarifies that as of now Ledger Live does not support BCH SV. The company recommends its clients to use the Electron Splash splitting tool before making any Bitcoin Cash transactions. If not, users may allegedly risk losing their BCH SV if an attacker replays their transaction on the BCH SV chain or vice versa.

Earlier this month, the Germany-based IOTA Foundation announced that it will integrate IOTA tokens with Ledger’s wallets. This plan allegedly allows users to protect their private keys. Hence, giving access to their IOTA tokens in a special chip by isolating users’ keys from their computers or smartphones.

Blockchain.com launched a new hardware device in October that dubbed “Blockchain Lockbox,” which integrates with its existing online wallet, developed in partnership with Ledger. The purpose of this device is to allow users to store all or a portion of their crypto holdings offline, with an easy access to their online account.

What are your thoughts on Ledger hardware Wallet recommencing Bitcoin Cash Services? Share your thoughts in the comment section.

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Ledger Hardware Wallet Recommences Bitcoin Cash Services
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Ledger Hardware Wallet Recommences Bitcoin Cash Services
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According to an announcement on Nov 23, Crypto Hardware Ledger wallet resumes Bitcoin Cash Services.
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Coinpedia
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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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