Consumers are Locking their Cryptos with Ledger
Earlier this week, the blockchain interoperability platform ‘Poly Network’ suffered a hack that resulted in the theft of more than $600 million in cryptocurrency.
Although such a security breach reflects poorly on cryptos in the public eye, the fault lies with traditional (vulnerable) networks — This fate could befall any cryptocurrency exchange or wallet which interfaces with the broader internet.
The most reliable way to keep cryptos safe from web-based hackers is to keep your private keys offline using a hardware wallet.
Ledger currently manufactures and markets the most popular consumer-grade hardware wallets in the United States.
Like most things crypto-related, Ledger wallet Mentions have surged to new highs in 2021, up +105% YoY (90-day moving average).