Ledger introduces its newest hardware wallet, Ledger Flex, featuring E-Ink touchscreen technology and enhanced security features, aiming to redefine the standard for crypto self-custody.
Points
- Ledger Flex launch at Bitcoin 2024 conference
- E-Ink touchscreen technology for easy navigation
- Enhanced security with Ledger’s Secure OS
- Integration with Ledger Live app for extensive crypto services
- Controversy over Ledger Recover service
Crypto security firm Ledger has unveiled its latest hardware device, Ledger Flex, during the Bitcoin 2024 conference in Nashville, Tennessee. Building on the success of the Ledger Stax wallet, the new Flex device incorporates Ledger’s trademark E-Ink touchscreen display technology, designed to simplify navigation while maintaining robust security standards.
“After a decade of setting the standard for security and self-custody in crypto and digital assets, I’m proud to say we’re raising the bar again,” said Ledger Chairman and CEO Pascal Gauthier.
Cold storage wallets like Ledger’s devices, which rarely interact with the internet, are considered among the most secure options for storing cryptocurrencies, especially for long-term holdings.
Since its founding in 2014, Ledger has sold over six million hardware wallets, securing keys for more than 20% of the world’s digital assets. The new Ledger Flex, priced at $249, integrates Ledger’s Secure OS and connects seamlessly with the Ledger Live app. This app supports transactions and financial services across 70 blockchains, 200 dApps, and 10,000 tokens.
![Ledger Flex]（link-to-image）
At $249, Ledger Flex is positioned between the $79 Nano S Plus and the $149 Nano X, with the Ledger Stax priced at $399. Despite its higher price, the Stax, designed by Tony Fadell, started shipping in May after production delays.
Ledger’s introduction of the Ledger Recover service last year sparked controversy. Designed to help users recover lost keys or seed phrases, critics viewed it as a potential backdoor, re-encrypting and splitting users’ private keys among Ledger, Coincover, and an independent backup service provider.
Despite market challenges in early 2023, Ledger successfully closed a $100 million funding round, maintaining its $1.5 billion valuation.
Explanation
- Cold Storage Wallet: A type of cryptocurrency wallet that is not connected to the internet, providing a higher level of security against hacking and online threats.
- E-Ink Display: A type of electronic paper display technology known for its low power consumption and readability in various lighting conditions.
- Secure OS: An operating system designed with a focus on security, used to protect sensitive information and prevent unauthorized access.