Crypto Exchange Traded Funds: Difference Ledger Nano S & X
Ledger Nano S vs Ledger Nano X — What Is the Difference?
The Difference Between Ledger Nano S and X
Crypto Exchange Traded Funds: Amidst the cryptocurrency market showing an upward trend, digital assets are gaining more value, and their holders are concerned about their safety and integrity. The two best options to secure your crypto assets from any threats are Ledger Nano S and X. In this article, we will find out which of these two options is better in terms of functionality.
What Are Ledger Nano S and Ledger Nano X?
Nano S was released in 2016. It was the first hardware wallet in the industry equipped with Secure Element Chip ST31 that complied with CC EAL5+ banking security standards.
This type of wallet got widespread use among crypto traders and investors. It belongs to the “cold” wallet category, which means it provides high protection for users` assets while working offline. Crypto Exchange Traded Funds.
Ledger Nano X was released in a few years — in 2019. It received improved security protocols and supported more coins. To understand the difference, we will better dive into details.
Ledger Nano S
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This storage is widely regarded as one of the best bitcoin wallets for iOS. The set includes a USB-A cable, through which the device is connected to the user’s computer. Ledger Nano S, in fact, has its native operating system — BOLOS. It isolates applications from each other for extra protection and also keeps a seed phrase isolated from the apps. Private keys are protected and will never leave the device. In this way, the device guarantees solid protection from hackers. Crypto Exchange Traded Funds.
Ledger Nano X
As mentioned above, Ledger Nano S comes with Secure Element Chip ST31. In the flagship model, the developers implemented the updated solution — ST33. This chip is more powerful than the one installed in its “younger brother,” but they both have the same CC EAL5 + security rating. Besides, this device can be used with smartphones connecting with them via Bluetooth. Crypto Exchange Traded Funds.
After downloading Ledger Live — special software that helps you sync your devices, the user can pair the device via Bluetooth. Even if a hacker tries to perform any transactions, they will never reach the keys. Besides, the Bluetooth connection is encrypted end-to-end.Crypto Exchange Traded Funds
One more thing that is worth your attention is that Ledger Nano X allows more storage space than its predecessor (1,000 Kb vs 160 Kb). Besides, it features a battery capacity of 100 mAh. Its battery life lasts up to 8 hours. Users may charge the battery with the help of a PC, a power bank, or a laptop. It also got a bigger screen, which contributes to a more pleasant experience. Users can see more information, which really matters when dealing with long numbers and transactions.Crypto Exchange Traded Funds
Conclusion
From everything mentioned above, it is obvious that Ledger Nano X is an improved and optimized version of Ledger Nano S. Longer battery life, a bigger screen, Bluetooth support, and performing transactions on a mobile phone or a tablet have made this device our favorite in this battle. However, keep in mind that Nano X costs twice as much as its predecessor.Crypto Exchange Traded Funds
Though the level of security is pretty much the same, this is the main thing users should bear in mind when choosing between the two. To make the right decision, decide on which device you plan to use with your cold wallet — tablet, smartphone, or PC. If you are a beginner and just starting to discover the crypto world, Ledger Nano S will be more than enough for you. If you are an experienced investor or trader and can afford Ledger Nano X — you won’t be disappointed either!
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