Ledger Commences Shipment of New Ledger Stax Hardware Wallet After 18-Month Wait
By Ruholamin Haqshanas
Last updated:
May 28, 2024 03:44 EDT
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2 min read
In an exciting development, French startup Ledger has finally started sending out its highly anticipated Ledger Stax devices, almost a year and a half after their initial announcement. The company collaborated with Tony Fadell, renowned for his role in designing the iPod, to create this updated hardware wallet, which features an E-Ink display, as reported by TechCrunch.
E-Ink technology, commonly found in e-book readers such as the Amazon Kindle and Rakuten Kobo, offers a clear display even in daylight while consuming minimal power.
Once all pre-orders have been fulfilled, Ledger plans to make the Ledger Stax available for purchase on its website as soon as sufficient stock becomes available.
Design challenges caused delays in shipping the hardware wallet, as the company may have overpromised on the design aspect. The curved E-Ink display incorporated in the Ledger Stax turned out to be more difficult to produce at scale than initially anticipated.
Unlike other Ledger devices, the Ledger Stax features a larger display with a secure touch screen that directly interacts with the device’s secure element. This user-friendly feature is a significant improvement compared to the arrow buttons on previous models.
While the Nano S Plus only works with a USB-C cable, both the Nano X and the Stax include a Bluetooth chip. This allows users to initiate cryptocurrency transactions from their smartphones and verify them on their hardware wallets without the need for wires.
Initially priced at €279 (approximately $300) during the pre-order phase, the Ledger Stax targeted high-end customers. The final retail price has not been disclosed and will be announced when the wallet becomes available again on the Ledger website.
When it comes to security, all Ledger products store users’ wallet private keys. Ledger ensures that the private keys never leave the device, providing assurance that even if a computer or phone is compromised, the assets remain safe. However, it’s important to note that most cryptocurrency hacks are phishing attempts. While Ledger cannot protect against social engineering and scams, they do offer a subscription product for those seeking extra peace of mind.
The release of the Ledger Stax marks the beginning of a production partnership with Foxconn, a leading consumer electronics manufacturing company. While Ledger will continue to manufacture the Nano S Plus and Nano X in Vierzon, France, collaborating with Foxconn represents an expansion in production capabilities.
To date, Ledger has sold over 6 million devices and estimates that it secures around 20% of the world’s cryptocurrency assets. It’s worth mentioning that Ledger experienced a significant increase in sales following the chaotic collapse of FTX in November 2022, as consumers rushed to find self-custody solutions to safeguard their digital assets.
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