You can now send & receive EGLD (Elrond) through Ledger Live

12/13/2021
|
Blog Posts

Things to know:
You can now securely manage, send and receive EGLD with Ledger Live* The application, under your safety Ledger Hardware Wallet.

Elrond is the first coin whose team has fully developed the integration of the Ledger Live & Nano App. Everyone is welcome to build on Ledger Live, bring their coins and make them accessible to wider communities.

– Elrond team is also working on integration maskAnd smart contracts And NFTs In Ledger Live.

Currently, this new feature is available in the desktop version of the Ledger Live app and will soon be available on your mobile phone Implementation.

‘Online blockchain’ is now supported in Ledger Live

Elrond is a blockchain that offers fast, cheap and efficient transactions. This protocol also provides a benefit to DApp developers and enterprise solutions alike.

The project portrays itself as “a scalable, fast, and highly secure blockchain platform for distributed applications, enterprise use cases, and the new Internet economy.” According to the company, its smart contract platform is capable of 15,000 transactions per second, has a latency of six seconds, and has a transaction cost of $0.001.

The Elrond blockchain was created with an original token known as eGold, or EGLD, which facilitates the functioning of the entire network. The role of this token is multifaceted: payment of network fees, reward of validators, payment of transactions and smart contracts.

Click here to read our article on the Ledger Academy and learn more about Elrond.

Manage and secure your EGLD coins with your Ledger Live app

The Elrond (EGLD) app is already available on Ledger Nano S & Nano X, which means you can secure your EGLD coins using your device. But it’s just a first step.

You can now manage, send and receive your EGLD coins securely with Ledger Live, while keeping your private keys offline. Ledger Live is already trusted by 1.5 million monthly active users.

And more Elrond features to come. The Elrond team is working to integrate staking, smart contracts, and NFTs into Ledger Live. We’ll keep you posted on these upcoming options, so… stay tuned.

In addition, managing your EGLD tokens through Ledger Live is easy. All you have to do is:

  1. Install the Elrond app on your Ledger device.
  2. Once you go to the Accounts tab, create an Elrond account.
  3. Verify and confirm the address to deposit your tokens.

Combine Elrond and Ledger for the ultimate coding experience

Whether you are a beginner or a seasoned investor, the crucial step for investing in crypto is to securely store your private keys. As the saying goes: “Not your keys, not your coins.” Our Nano hardware wallets, such as the Ledger Nano S and Nano X, allow you to store your private keys and keep them offline.

And Ledger hardware wallets make it much easier than just securing private keys. By pairing your hardware wallet with Ledger Live, you will benefit from an all-in-one crypto experience where you can buy cryptocurrencies securely with MoonPay, make the most of your coins with Bitrefill, stake ETH with Lido, view NFTs with Rainbow.me and manage a DeFi wallet with Zerion. And the list is constantly growing.

Yes, you can build on Ledger Live!

At Ledger, it has always been in our DNA to encourage internal and external developers to enrich our products. Our code is open source, and most of the apps on your Ledger devices have been submitted by third party developers.

Elrond is the first coin whose team has fully developed Ledger Live (as well as nano app support) support. We welcome everyone to build on Ledger Live, to bring their coins and make them accessible to wider communities.

We have already launched the Developer Portal, a rich content to guide developers and blockchain teams. It contains step-by-step instructions, including development code, tools, and sample code, making your coding projects for Ledger Live much easier.

If you are a developer who is passionate about building on Ledger Live, just take a look at our developer portal.

Take the coding leap. safely

If you’re wondering why Elrond is used by the Ledger ecosystem, our answer is clear: it’s about combining security, control, and ease of use when managing your digital assets.

And keep an eye on what happens in the Ledger Live Apps catalog section. You might be surprised.

*Disclaimer: Exchange, lending and other crypto transaction services are provided by third party partners. Ledger does not provide any advice or recommendations regarding the use of these third party services.



Leave a Comment