Ledger Stops Supporting Ledger Nano S – Impact and Reactions from the Cryptocurrency Community
On June 26, information from a prominent source indicated that Ledger, the leading provider of cryptocurrency hardware wallets, officially announced it would stop supporting the Ledger Nano S product line launched in 2016. Specifically, Ledger will not accept new applications, will not update features or security patches for this device. Users are advised to upgrade to newer versions to ensure safety and functionality.
Multifaceted Reactions from the User Community
This information has sparked a lively debate on cryptocurrency forums. Pcaversaccio, a prominent figure in the Ethereum ecosystem, criticized Ledger for forcing users to upgrade their devices, reducing backward compatibility, while limiting access and new features solely for commercial purposes.
Meanwhile, Beau – the security project manager of Pudgy Penguins – called this a 'strong blow' to users. He emphasized the importance of backing up the seed phrase and timely transferring assets to a new supported device to avoid the risk of data loss or theft.
Some users still express concerns about stability and security when the device stops receiving updates, even though developers like Roman Semenov from Tornado Cash stated that his device still operates normally despite not being updated for many years.
Security Risks and Recommendations for Upgrading Hardware Wallets
Although old devices may operate stably for a short time, the lack of security updates means an increasing risk of insecurity. Outdated firmware is easily exploited, exposing private keys – the core asset that protects cryptocurrency investments.
Ledger advises Ledger Nano S users to carefully back up their seed phrases and transfer assets to a new continuously supported wallet line, such as Ledger Nano X or other equivalent devices. This is a necessary step to protect digital asset funds from increasingly sophisticated security threats.
Conclusion
The fact that Ledger is stopping support for the Nano S device demonstrates the importance of choosing a hardware wallet with long-term upgrade capabilities in personal cryptocurrency fund management strategies. Users need to proactively prepare to avoid service interruptions or loss of assets due to unaddressed security flaws. This is also a significant lesson in risk management in the ever-evolving cryptocurrency world.
Always back up your seed phrase carefully, update your hardware in a timely manner, and follow reputable forums to stay updated and protect your assets in the best way possible.
Source: https://tintucbitcoin.com/ledger-ngung-nano-s-nguoi-dung-phan-doi/
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