What is a ledger wallet and how does it work in the world of cryptocurrency?

3 answers

• Nurmatov BilolxonApr 18, 2024 · a year ago
  A ledger wallet is a type of hardware wallet that is used to securely store cryptocurrency. It is a physical device that connects to your computer or smartphone and stores your private keys offline, making it less vulnerable to hacking. When you want to make a transaction, you connect the ledger wallet to your device, enter your PIN, and confirm the transaction. The ledger wallet then signs the transaction with your private key and sends it to the network for verification. It provides an extra layer of security for your digital assets.
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• jmidd206Oct 04, 2020 · 5 years ago
  A ledger wallet is like a digital safe for your cryptocurrency. It keeps your private keys offline, away from potential hackers. When you want to send or receive cryptocurrency, you connect the ledger wallet to your computer or smartphone, enter your PIN, and confirm the transaction. The ledger wallet then signs the transaction with your private key and sends it to the blockchain for verification. It's a secure and convenient way to manage your digital assets.
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• SlamDunkApr 01, 2021 · 4 years ago
  A ledger wallet is a hardware wallet that is designed to keep your cryptocurrency safe. It works by storing your private keys offline, away from the internet. When you want to make a transaction, you connect the ledger wallet to your device, enter your PIN, and confirm the transaction. The ledger wallet then signs the transaction with your private key and sends it to the blockchain for verification. It's a reliable and secure way to protect your digital assets.
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