Bitcoin Cash services for crypto hardware wallet Ledger have resumed

As declared on November 23, Cryptocurrency hardware wallet Ledger has restarted Bitcoin Cash (BCH) services. In expectation of the hard fork of the cryptocurrency, Ledger suspended the BCH service on 14 November in order to avoid undesirable transactions and likely replay attacks. Ledger wallet deactivated the BCH trades throughout its framework amid the service suspension period.

The official announcement made by Ledger is as follows:

“The Bitcoin Cash network experienced a hard fork on November 15, 2018, leading to the emergence of Bitcoin Cash SV (BCHSV). Users that secured their Bitcoin Cash using a Ledger Nano S or Ledger Blue prior to the hard fork automatically own an equal amount of Bitcoin Cash SV as they own Bitcoin Cash.”

An update to the BCH chain on 15 November resulted in a complex circumstance in the blockchain world and divided the blockchain framework into BCH ABS and BCH SV. BCH ABS is backed by Roger Ver, a crypto-evangelist, and Craig Wright guides the BCH SV. The division was a major reason for the brief suspension of BCH’s transactions and trade throughout the world.

Ledger was introduced in 2014 with an objective to develop secure tools for blockchain applications. Ledger application functions on a unique operative framework (OS), named as BOLOS. It integrates either to a semiconductor chip for the Ledger wallet series or to a Hardware Security Module (HSM) for different enterprise tools. Presently, Ledger is the only pioneer in this innovation.

Of late, Ledger has reactivated the BCH service such as account addition and altcoin dealing on its stage. Ledger Wallet reported the reactivation of the service on Twitter:

For now, Record Live does not back BCH SV. It also suggests that clients utilize the splitting program Electron Splash before any BCH trades. It too states that if users don’t utilize the splitting program, they may be at risk of losing their BCH SV to a hacker who replays the BCH SV trade or vice versa.

The German Iota Establishment also declared earlier in November the aim to integrate its Iota tokens with the Ledger wallet. This integration helps clients secure their private keys, since it gives access to their IOTA tokens in a device, i.e. Chip, recognizing computer or smartphone client keys. Before that, Blockchain.com, a crypto software company, also introduced a hardware gadget called Blockchain Lockbox’ in association with Ledger.

The lock box can be incorporated to the existing online wallet. Users can store all or portion of their crypto resources offline with the gadget. It even permits the client to effectively get to their online accounts.

Also read: CEO of crypto trading companies Genesis Trading and Genesis Capital Trading said that the Bitcoin price could bottom at $3,000

Source: https://www.cointrust.com/market-news/ledger-wallet-resumes-bitcoin-cash-services