Ledger forces users migrating from cryptocurrency wallet

Ledger, the company responsible for cryptocurrency wallets, announced to developers that they must start a transition in their technological infrastructure. The reason is that the company will stop giving technological support to the Nano S Ledger, launched to the market in 2016. As a result, this purse will not accept «new applications, shipments of functions or application updates«. The company recommends that developers start this transition from now to guarantee the continuity and safety of users.

From the news portal for developers, the company exhorts to encourage communities to be updated “to another Ledger device” and check that they have their private keys a day to achieve this transition. It also recommends warning that the support of applications and services in the Nano S “is not guaranteed.”

It should be clarified that in 2022, Ledger had already announced the withdrawal of the Nano S, but the consequences of his obsolescence are beginning to emerge at the time of writing.

The Wallet company ensures that it will provide technical support so that the transition towards the obsolescence of the Nano S Ledger is completed, although it delegates the responsibility for the success of this transition to developers:

Ledger will provide you with documentation, tools and assistance to help you eliminate compatibility with Nano S Ledger without problems. As a reminder, you, as a developer of the device applications, assume all the responsibility for the operation of this application of the device and any potential damage that this application may cause to the end users.

Ledger, cryptocurrency wallet company.

The Ledger statement, which was originally updated on May 30 but was just made public knowledge for many people, It is causing discomfort and criticisms in the user community.

A root of concern in the community is that, with this forced migration, Ledger is forcing to import the seeds and enter them into new devices. This is considered a risk action because it implies “circular” the recovery key again online, creating attack opportunities for dusted and informed hackers.

Another concern is that Ledger could make the abandonment of its retrocompatibility services, a good corporate practice that ensures that old technologies created by the company are durable and useful after launching them to the market. Other technology companies have been massively criticized for abandoning the update and integration of old models, isolating many users who use these devices and forcing them to acquire a new, generally more expensive.

Ledger responded to criticism, and not so much to concerns, alluding that the abandonment of the Ledger Nano S responds to limitations of its hardware, which would not be adapted to the times after 9 years of his departure:

Over time, hardware has reached its capacity limit. The device’s memory capacity limits the amount of applications that can be installed simultaneously, which makes it difficult to management of multiple assets or block chains. Nor can it execute more recent functions and services such as Clear meaning, Ledger Sync or some of the most recent applications available through Ledger Live.

Ledger, cryptocurrency wallet company.

The most affected community sector is that that uses your wallet for interactive functions with applicationsunlike those who only use their purse to store cryptocurrencies.

In his response to criticism, Ledger clarifies that Nano S will continue to work, but that he will no longer receive development updates. This means that you will not receive future firmware adjustments or compatibility with applications. “If you continue using your device, we recommend confirming that you have a backup copy of your secret phrase of 24 words recovery and that the device turns on and works normally,” said Ledger.