Ledger Marks 10 Years Since Launch With Ledger Stax and Ledger Flex, a New Category of Devices With Secure Touch Screens

Ledger, a company that makes physical cryptocurrency and non-fungible token wallets similar to USB drives or other storage devices, is celebrating its 10th anniversary this week

Ledger, a company that makes physical cryptocurrency and non-fungible token wallets, is celebrating its 10th anniversary this week.

To mark the special occasion, Ledger has launched the Ledger Stax and Ledger Flex, a new category of devices with secure touch screens.

Announced in a blog post on Sunday, Ledger said it has been ten years since the company was founded in 2014.

To celebrate the milestone, Ledger has launched the Ledger Stax and Ledger Flex, both of which are making up a new category of crypto and non-fungible token hardware devices with secure touch screens.

“We're excited to announce the launch of two new crypto hardware wallets: Ledger Stax and Ledger Flex,” a tweet from Ledger reads.

The company is also inviting users to watch a video that showcases the Ledger Flex hardware wallet in detail.

According to Ledger, both the Stax and Flex hardware wallets are now available for pre-order on the company's website. The crypto hardware wallets are priced at $279 for the Stax and $199 for the Flex. Both devices are expected to ship in Q4 of 2024.

Founded in 2014, Ledger is the creator of crypto and non-fungible token hardware wallets, among other products and services.

The company’s hardware wallets are multicurrency wallets that store private keys for NFTs and cryptocurrencies offline. Currently, Ledger offers three hardware wallets — the Ledger Nano S Plus, the Ledger Nano X, and the Ledger Stax.

Ledger is focused on creating crypto and NFT hardware wallets that are safe and secure for use with digital assets. Headquartered in France, the company was launched by eight experts with backgrounds in embedded security, cryptocurrencies, and entrepreneurship.

The company’s vision is to create secure solutions for blockchain applications.

How Do Ledger Hardware Wallets Work?

Crypto and non-fungible token holders are required to use private keys to access their digital assets, and Ledger hardware wallets are designed to keep these keys safe and secure.

The private key, which is a long alphanumeric string of numbers, protects users from theft and hackers. To address concerns about the critical security and longevity of private keys, Ledger developers have created different types of hardware wallets, including the latest hardware devices with secure touch screens.

Ledger offers two types of hardware wallets: cold and non-custodial. Both multicurrency crypto and NFT wallets store private keys offline on a secure hardware device.

The two hardware wallets are also device-based, which means they use storage mechanisms (like USB drives) to store private keys, making it difficult for hackers to access them from an online location.

To enhance the security of its hardware, Ledger equips all its products with a secure element and a proprietary security operating system designed to protect a user’s crypto and NFT assets.

The system generates a 24-word, 96-character backup recovery phrase for users to access their crypto and NFT if the device is lost or stolen.

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