Ledger W@llet : Fortifying Your Cryptocurrency kingdom

How Does a Ledger Wallet Work?

A Ledger wallet operates on a simple principle: keeping your private keys offline. Here's a step-by-step breakdown of how it works:

1. Secure Chip: Ledger wallets are equipped with a secure chip (CC EAL5+ or higher), which is the same technology used in passports and credit cards. This chip provides tamper-proof protection for your private keys.

2. Physical Storage: The private keys are stored securely on the device itself. This means your keys are never exposed to an internet connection and are less vulnerable to hacking attempts.

3. Pin Code and Recovery Seed: To access your Ledger wallet, you need to enter a PIN code. If the device is ever lost or stolen, you can recover your funds using a 24-word recovery seed, which you must keep safe.

4. Verification: Every transaction made with the Ledger wallet requires physical confirmation on the device. This prevents unauthorized access or transactions.

5. Multi-Currency Support: Ledger wallets support a wide range of cryptocurrencies, making them versatile for different investors.