Understanding Ledger Hardware Wallets
Ledger is a leading hardware wallet manufacturer that provides secure storage solutions for cryptocurrencies. Founded in 2014, Ledger has become synonymous with cryptocurrency security, offering devices that combine a secure element chip with a proprietary operating system called BOLOS.
Key Insight: Unlike software wallets that are constantly connected to the internet, Ledger devices keep your private keys in an isolated, secure environment. This "cold storage" approach ensures that even if your computer is compromised, your cryptocurrencies remain safe.
Ledger's security architecture is built around a certified secure element chip, similar to those used in credit cards and passports. This chip is designed to withstand sophisticated physical attacks and protects your private keys from being extracted. Combined with Ledger's custom operating system, this creates multiple layers of security that have made Ledger the choice for millions of cryptocurrency users worldwide.