Ledger Wallet Adds Support for Ethereum-Based Coins – ERC20
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Answer Ledger Wallet Adds Support for Ethereum-Based Coins – ERC20
Cryptocurrency wallet giant Ledger has revealed the support of the Ethereum-based ERC20 blockchain to the original Ledger Live app.
Previously, Ledger wallet users were able to store ERC20-based coins via a third party such as MyEtherWallet or MetaMask which prevents them from interacting with cryptocurrencies within the app.
cross Update New, Ledger Live will support more than 1,250 digital currencies based on the Ethereum blockchain – ERC20 to store and interact with these digital currencies within the application.
“The Ethereum network is the second largest blockchain in the world and there are a large number of digital currencies in the list of the top 100 digital currencies based on the Ethereum blockchain, so supporting ERC20 is an important step for us,” said Benjamin Arama, Ledger Live product manager.
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Thus, now, users of Ledger wallets can interact with most digital currencies through one application without the need to use a third party.
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Benjamin Arama noted that the Ledger company is looking into the possibility of providing more new services such as supporting decentralized financial (DeFi) applications such as applications for personal lending and finance.
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