{"id":21107,"date":"2018-10-25T16:38:20","date_gmt":"2018-10-25T16:38:20","guid":{"rendered":"http:\/\/ci027cfe64a0192697"},"modified":"2018-10-25T16:38:20","modified_gmt":"2018-10-25T16:38:20","slug":"blockchain-releases-hardware-wallet-co-developed-ledger","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/blockchain-releases-hardware-wallet-co-developed-ledger","title":{"rendered":"Blockchain Releases Hardware Wallet Co-Developed With Ledger"},"content":{"rendered":"
<\/div>
<\/figure>\n

Google Ventures-backed Blockchain<\/a> is debuting a hardware wallet that integrates with its software services, a press release shared with Bitcoin Magazine<\/em> details.<\/p>\n

In a partnership with hardware wallet manufacturer Ledger, the cryptocurrency software company has developed what it calls \u201ca custom hardware device.\u201d Dubbed the Blockchain Lockbox<\/a>, the wallet, like Ledger\u2019s own suite of products, will allow users to store their private keys offline in the device. This practice, referred to as cold storage, is considered a safer alternative to hot storage, wherein private keys are held in software connected to the internet.<\/p>\n

According to the release, existing Ledger users \u201cwill be able to pair their Nano S devices\u201d to the Lockbox, and a representative told Bitcoin Magazine <\/em>that “it will also facilitate crypto-to-crypto trades through Blockchain\u2019s native brokerage, Swap.” When asked which coins the wallet would support, the representative said that “Lockbox will mainly support Bitcoin, Ether and Bitcoin Cash. Though, the teams are in the works to add support for additional asset depending on user demand.”<\/p>\n

\u201cWe\u2019re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly,\u201d Peter Smith, CEO and co-founder of Blockchain, said in the release.<\/p>\n

The wallet will interface directly with Blockchain\u2019s software wallet, and it will be exclusively compatible \u201conly with Blockchain\u2019s software,\u201d a Blockchain representative told Bitcoin Magazine<\/em>. This will allow users to manage their hardware wallet\u2019s holdings using the software, while also offering what Smith calls \u201cmore functionality than previously existed\u201d by giving users the flexibility to transfer funds back and forth from the Lockbox to Blockchain\u2019s software wallet.<\/p>\n

Ledger\u2019s president, Pascal Gauthier, called the partnership \u201ca natural fit,\u201d stressing the importance both companies \u2014 and the crypto community at large \u2014 place on cyber security.<\/p>\n

\u201cWith stories about crypto hacking continuing to dominate headlines, it\u2019s obvious that security must be top of mind for all stakeholders in the crypto space. With the combined forces of Blockchain and Ledger, users are truly getting the best of both worlds,\u201d he said.<\/p>\n

Though seemingly hyperbolic, Gauthier isn\u2019t exaggerating when he says hacks \u201cdominate headlines.\u201d The first month of 2018 saw the biggest hack in the industry\u2019s history since Mt. Gox<\/a>, and Japan alone has suffered over half a billion dollars worth of losses<\/a> this year.<\/p>\n

The hardware wallet is open for preorders today, October 25, 2018, with delivery slated for mid-November, and the press release indicates that early customers will receive a \u201cspecial edition blue version\u201d of the wallet.<\/p>\n

This article has been updated to include commentary from a Blockchain representative that Bitcoin Magazine received after the article was published.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Google Ventures-backed Blockchain is debuting a hardware wallet that integrates with its software services, a press release shared with Bitcoin Magazine details. In a partnership with hardware wallet manufacturer Ledger, the cryptocurrency software company has developed what it calls \u201ca custom hardware device.\u201d Dubbed the Blockchain Lockbox, the wallet, like Ledger\u2019s own suite of products, […]<\/p>\n","protected":false},"author":3468,"featured_media":21108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[556,443,1510,851,780],"class_list":{"0":"post-21107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-blockchain","9":"tag-cold-storage","10":"tag-hardware","11":"tag-ledger","12":"tag-wallet"},"author_data":{"id":3468,"name":"Aaron Van Wirdum And Colin Harper","nicename":"aaron-van-wirdum-and-colin-harper","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/88b6c65a7515990786b1c04473e15469e5b0d0fffef947ed629a60854e1cb426?s=96&d=robohash&r=g"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/blockchain-releases-hardware-wallet-co-developed-with-ledger.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/21107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3468"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=21107"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/21107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/21108"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=21107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=21107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=21107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}