Ledger reveals new hardware wallet model: “Ledger Flex”

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By TP

Key facts: Ledger Flex features touchscreen e-ink and NFC technology. The wallet comes in graphite and orange, the color of Bitcoin. Ledger, the security company that makes hardware wallets for managing cryptocurrencies, announced that its latest wallet model is now available for purchase and shipping: Ledger Flex. The announcement was made at the Bitcoin Conference 2024, the most important Bitcoin conference in the world held in Nashville, Tennessee. According to Ledger, this latest wallet “sets the new standard for Ledger devices.” It incorporates a secure element with CC EAL 6+ certification connected to the screen, a measure that the previous Ledger Stax already incorporated. This solution would protect the device from malware infections, differentiating itself from mobile devices without this construct. According to Ian Rogers, director of user experience at Ledger, the touchscreen secure element was tested by Donjon, Ledger’s security research team, and other third-party companies.

The Ledger Flex has one of the largest displays of any of the brand’s devices. Source: Ledger The Ledger Flex also features an e-ink touchscreen, similar to the display on Kindle devices and other eReaders, and near field communication (NFC), a wireless communication technology that is becoming increasingly common in hardware wallets coming to market. The Ledger Flex model features a 2.84” display, which allows users to verify and sign their transactions in an “enhanced user experience.” According to the company, this device features a larger display than its other models except for the Ledger Stax. The Flex’s display does have some minor advanced features, such as a customizable lock screen.

The screen is integrated with the secure element in this Ledger wallet. Source: Ledger

Ledger Security Key

Ledger Flex, along with Stax, incorporate a level of security system that aims to protect digital identity more efficiently. It is called Ledger Security Key, based on FIDO U2F, and serves as a two-factor authentication (2FA) method with passcode capabilities. in a new application.

With Ledger Security Key, you can use your Ledger wallet to log in without entering your password or using a less secure 2FA, such as a browser extension or SMS. Ledger, cryptocurrency hardware company.

This security key app is built following authentication standards FIDObased on public key cryptography for more secure authentication than typical passwords and SMS OTPs, i.e. one-time keys sent by text message. An important fact about this new wallet is that Ledger claims that it serves as a universal two-factor authentication device. That is, it is capable of storing personal account keys in platforms such as Amazon, Binance, Coinbase, Google and more. Ledger's new hardware wallet is priced at USD 249, in black and orange, and waiting lists have already been opened to purchase the device:

With over 100,000 people currently on the waiting list for Ledger Stax, supply of the device will be limited until the end of the year, but you can get in line now by visiting our website and reserving your Ledger Stax! Ledger, a cryptocurrency and security company.

According to Ledger CEO Pascal Gauthier, his company’s wallets alone secure more than 20% of the world’s digital assets.

Which one should you choose: Ledger Flex or Ledger Stax?

According to Ledger, the Ledger Stax is a specialized wallet for users who want to have custody distributed across multiple devices as it has built-in magnets that allow you to stack several together. This device also It is the most expensive of the company, costing USD 399.

Ledger devices have evolved in size and shape. Source: Ledger Comparatively, the Ledger Flex is a more standard custodial wallet for new and old users. It also has magnets, but they are reserved for attaching screen protectors and accessories.