Last Updated on 27 mins by cryptoevent

Ledger, a leading provider of hardware wallets for digital assets, has extended its support to the Cardano blockchain. The wallet provider will allow users to hold 100 native Cardano tokens in the Ledger Live application while leveraging the security of Ledger Nano.

Ledger adds support for 100 native Cardano tokens

Native Cardano tokens are those created on the Cardano blockchain. These assets have similar functionality to ADA and benefit from the features provided by Cardano. The main difference is that ADA is the primary cryptocurrency on the Cardano network and has specialized features such as transaction fee accounting.

That Notice added that the newly added cryptocurrencies on Ledger include ADA, CLAP, DANA, DRIP and FIRE. The Ledger wallet said the tokens were chosen based on the number of transactions completed over a period of time, not market capitalization.

The Cardano ecosystem has more than five million cryptocurrencies. The network supports developers and allows them to create and distribute native cryptocurrencies without heeding the custom code or costly smart contracts. Ledger, the most well-known hardware mallet provider in the crypto space, said that the Cardano network will list more native tokens in the future.

The company added that these 100 native tokens were now live in the Ledger application. The company added that the Cardano ecosystem included more Cardano tokens, but it had initially started supporting those 100 coins. The new listing comes a month after the company announced full support for the Cardano network, allowing users to transact and manage ADA via Ledger Live.

Developments within the Cardano blockchain

The Cardano network has seen notable growth in on-chain activity despite the recent crypto bear market. Last month, on-chain transactions on the Cardano network hit a record high of 44.8 million, which is over 5% more than the total reported in May.

The blockchain also saw a surge in native ADA assets and addresses. The numbers for these reached 5.4 million and 3.42 million, respectively. On the other hand, Cardano recently postponed the much-anticipated Vasil hard fork upgrade. It’s the second time the upgrade has been delayed.

The new date for this upgrade will be announced later. However, the technical manager of Input Output Global (IOG) said the developers of the project performed tests and fixes to ensure everything was in place after the upgrade was released. The Vasil upgrade had attracted more people to buy Cardano as it would improve the scalability of the network.

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