Ledger, a French cryptocurrency hardware wallet manufacturer, has finally implemented Cardano ($ADA) functionality, allowing users to buy, transmit, and receive their tokens directly from Ledger Live, the programme for managing cryptoassets on their devices.
Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France co-founded the Paris-based Ledger in 2014. It first stated that it would support ADA in April of this year.
Cardano-related capabilities are presently accessible on Ledger Live’s desktop edition, with mobile functionality “coming soon,” according to a statement. Ledger Live now supports the top 10 cryptocurrencies by market capitalization, according to the company, thanks to the ADA integration.
Users must create an ADA account in order to manage their $ADA on Ledger’s devices, but they do not need to create a separate wallet. They can even purchase cryptocurrencies directly from the apps. The Cardano community was ecstatic when the French cryptocurrency hardware wallet manufacturer announced its support, and the integration’s rollout was praised as well.
Cardano has been outperforming Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, over the last few weeks, and is now up over 88 percent versus it despite hitting a recent low, according to CryptoGlobe. Cardano’s performance is noteworthy since it is a blockchain network that supports smart contracts and decentralised applications, and it competes with Ethereum (dApps).
Cardano’s network has been steadily expanding, with over 5 million native assets already produced on the Cardano blockchain, more than twice the number seen at the end of last year. On top of the network, over 1,000 projects are being developed.
Cardano’s price has been climbing in anticipation of the Vasil hard fork, which is expected to deliver a “huge performance increase,” according to Cardano’s founder Charles Hoskinson. Following the deployment of the fork, the crypto community has forecast that the price of Cardano’s native $ADA coin will top $1 by the end of June.
The Vasil hard fork is a significant update involving four Cardano Improvement Proposals (CIPs). Even in the midst of a wider cryptocurrency market decline caused by the collapse of the Terra ecosystem, ADA has already outperformed multiple other cryptocurrencies since the hard fork. As a result of this performance, ADA has surpassed $XRP to become the sixth-largest cryptoasset by market capitalization this week.
Source: CryptoGlobe