Ledger has released the latest version of its Bitcoin app, adding support for partially signed bitcoin transactions (PSBT), data merkleization, and new wallet policies, the company said in a statement. The update allows users to create secure multi-signature configurations with their registries and for future Taproot use cases.
“In order to reach one billion users, it is imperative that we make the technology both easier to use and more robust, and to do so, we must give users the tools to be sovereign individuals, controlling their assets, “the statement said. .
Ledger hardware wallets require users to install specific apps to use the cryptocurrency of their choice. The Bitcoin app allows the Ledger Nano to sign bitcoin transactions offline and interact with the user’s desktop software wallet. It can interface with Bitcoin Core, privacy-focused Wasabi Wallet, and Ledger’s Ledger Live, among others.
By adding support for PSBTs and portfolio policies based on output script descriptors, Ledger can now “define, use, and create workflows for portfolios with complex policies that may involve multiple parties (such as portfolios). multisig) and remain interoperable with software and hardware. tools from different vendors, ”according to the statement. And the addition of Mekleization data, along with Merkle proofs, enables the use of PSBTs by increasing efficiency and allowing the wallet maker to work with large amounts of data objects without storing them in memory.
The Paris-based hardware wallet maker also recently added support for the Taproot Bitcoin upgrade. As of November 15, users can send and receive Taproot transactions. With the new version of the Bitcoin app, Ledger is laying the groundwork for Taproot script spending, which the company plans to implement over the next six months.
Founded in 2014, Ledger is a manufacturer of hardware wallets serving retail and institutional clients in 200 countries. In June, the company raised $ 380 million, which earned it unicorn startup status with a valuation of $ 1.5 billion.
In July 2020, Ledger suffered a serious data breach, compromising the personal information of over one million customers, including name, phone number and email address. More than 200,000 people also saw their home address displayed. The crooks were still targeting customers more than a year after the incident.