Ledger has announced the discontinuation of its Nano S hardware wallet, advising users to upgrade to modern models. This decision is linked to changes in blockchain protocols and the need for better security features.
Reasons for Discontinuing Nano S Support
Ledger informed that changes in blockchain protocols could render the Nano S model outdated. Since its launch in 2016, the device has been used by millions to protect digital assets, but its limited storage capacity has hindered the management of assets across different blockchains.
Recommendations for Transitioning to New Devices
Ledger advises users to upgrade to the Nano X, Nano S Plus, Ledger Flex, or Ledger Stax models. The company also warns that support for Nano S will not be guaranteed and encourages users to keep their 24-word recovery phrase for continued functionality.
New Features and Tools from Ledger
Ledger unveiled a new private key recovery tool called the Ledger Recovery Key. This tool enables the secure storage of keys on a smart card and does not require identification, unlike its previous cloud-based version. The new function is always offline and protected by a PIN.
The discontinuation of the Nano S model highlights the necessity to adapt to advancements in cryptocurrency technology and improve security. Transitioning to newer devices will help users maintain access to the latest features and enhance usability.
