French cryptocurrency hardware wallet manufacturer Ledger has finally added support for Cardano ($ADA) and is now letting users buy, send, and receive their tokens directly on Ledger Live, the application for managing cryptoassets on their devices.
Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It first announced it was moving to support ADA back in April of this year.
In an announcement, Ledger wrote that Cardano-related features are currently available on Ledger Live’s desktop version while mobile support is “coming soon.” The firm noted that with the ADA integration, Ledger Live now supports all top 10 cryptocurrencies by market capitalization.
To manager their $ADA via Ledger’s devices, users must create an ADA account, but don’t need to create an additional wallet. They can also buy the cryptocurrency directly through the applications. The French cryptocurrency hardware wallet manufacturer’s support delighted the Cardano community when it was first announced, with the integration’s rollout being applauded as well.
As CryptoGlobe reported, Cardano hs been outperforming the second-largest cryptocurrency by market capitalization Ethereum ($ETH) over the last few weeks and is already up over 88% against it after making a recent low. Cardano’s performance is significant as it rivals Ethereum as a blockchain network that runs smart contracts and decentralized applications (dApps).
Cardano’s network has been steadli growing, with over 5 million native assets have now having been minted on top of the Cardano blockchain, doubling the figure seen at the end of last year. Over 1,000 projects are building on top of the network.
It’s worth noting Cardano’s price has been rising ahead of the Vasil hard fork, which according to Cardano’s founder Charles Hoskinson is expected to bring a “massive performance improvement.” The crypto community has recently predicted that the price of Cardano’s native $ADA token will surpass the $1 mark by the end of June, after the implementation of the fork.
The Vasil hard fork is a major upgrade that will involve four Cardano Improvement Proposals (CIPs). The hard fork has already seen ADA outperform numerous other cryptocurrencies, even amid a wider cryptocurrency market downturn exacerbated by the collapse of the Terra ecosystem. That performance saw ADA become the sixth-largest cryptoasset by market capitalization this week, surpassing $XRP.
Image Credit
Featured image via Unsplash
