Cardano: Ledger Live App for Android Now Supports $ADA Accounts

On Tuesday (June 28), French cryptocurrency hardware wallet manufacturer Ledger has finally added support for Cardano ($ADA) to the mobile (Android) version of Ledger Live, the application for managing cryptoassets on Ledger devices.

Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It currently makes three crypto hardware wallets: Ledger Nano X, Ledger Nano S, and Ledger Nano S Plus.

On April 26, Cardano founder Charles Hoskinson applauded Ledger’s announcement about version 4.0.0 of the Cardano app for Ledger wallets now being compatible with Cardano-powered smart contracts.

On April 27, Ledger’s support team delighted the Cardano community by announcing that the Ledger Live app is currently working on adding full support for Cardano:

In the following tweet, the support team clarified what this update to the Cardano app for the Ledger wallet means for users:

Then, on June 14, Ledger published a blog post, in which it announced that the desktop version of Ledger Live had added support for Cardano. As for Android and iOS support, the blog post mentioned that “mobile support is coming soon.”

Support for $ADA on the Ledger Live desktop app means that “you can not only secure your private keys offline as you interact, but also manage, send and receive your tokens seamlessly on your Ledger Live interface.” It allows buying $ADA tokens directly via Ledger’s API partner, MoonPay, and have them be sent “straight to your Ledger Nano.”

On June 16, Ledger Academy published a guide titled “What Is Cardano” for beginners. What makes this guide interesting is how much praise it has for Cardano and its $ADA token.

Here are a few highlights:

  • “Cardano uses a unique proof-of-stake consensus protocol called Ouroboros to secure its network, special because it’s the first provably secure, academically-reviewed consensus protocol. Using this consensus mechanism gives Cardano a number of advantages over other blockchains.“
  • “… the energy consumed by Cardano is 99% less than the majority of other blockchains, making it a good option for long-term sustainability.“
  • “Although Cardano is not known for featuring NFTs, it is still clocking huge volumes, and could be a space to watch in future.“
  • “Cardano’s DeFi ecosystem is also rapidly expanding, bringing the vast options of decentralized finance to new audiences, thanks to its minimal gas fees.“
  • “… it’s also pretty convenient to stake on Cardano because there’s no lock-up period, and you can manage your assets directly through your own wallet.“
  • “Cardano also plans to significantly improve its transaction speed to more than 1 million TPS with the upcoming Hydra scaling solution, further increasing its potential real-world utility.“
  • “… Cardano is leaving no stone unturned to establish itself as THE democratic, energy-efficient, and accessible blockchain in the crypto space…“

And finally, yesterday, Ledger announced that it had completed the work of adding support for $ADA accounts to the Android version of Ledger Live:

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