France-based blockchain startup, Ledger, has confirmed that the first batch of its latest hardware wallet, the Ledger Nano X (Genesis Edition), will ship on May 15. This will soon be followed up with the rest of the pre-orders shipping on the week starting May 20.
As for general availability, the new Ledger Nano X is expected to hit store shelves exactly a week after, starting May 27.
Ledger Nano X Genesis Edition Specs And Features
While the Nano X bears many similarities with its older sibling, the Ledger Nano S, in terms of looks and build quality, the removal of the side buttons (replaced with more functional buttons on either side of the screen) adds more charm and practicality to the overall design.
Meanwhile, under the hood, the Nano X is a different beast altogether. There has been a complete technology overhaul to pave the way for a number of features that Nano S lacked.
For example, unlike its predecessor, the Nano X doesn’t have to be plugged into a computer for functioning. It packs its own battery, giving users the freedom to use the device wirelessly on-the-go. Among other perks, this also allows Nano X to bring along a larger and higher-quality display screen (but with much smaller bezels).
The device can be used to store private keys to more than 100 digital assets, which in all likelihood is way more than what most regular users generally require. Another key difference is the introduction of a new connectivity feature called Bluetooth Low Energy (BLE).
BLE enables users to connect their Nano X with their Android or iOS-powered smartphone or tablet without requiring a physical cable. And finally, in addition to the popular cryptocurrencies such as Bitcoin, Ripple’s XRP, Litecoin, or Tether, the Nano X supports more than 1,100 other digital assets as well.
[Read our in-depth Ledger Nano X review to learn more about this next-generation hardware wallet that promises to give all the protection you’ll ever need for your crypto stash.]
Can Nano X Beat The Success Of Its Predecessor
While the Nano X for sure appears to be a more feature-rich and seemingly more practical choice as a cryptocurrency hardware wallet, it’s hard to predict whether or not it can beat the success of its older sibling, the immensely popular Nano S.
For those out of the loop, the Nano S had sold more than 1 million units as of Jan 2018, with the sales figure consistently growing — albeit a bit slower than up to that point — over the past one-and-a-half years.
Among other underlying factors, the grand commercial success of the Nano S was also attributed to the dramatic rise of the crypto market in late 2017 and early 2018. Now that the market is just recovering from a prolonged slowdown, it’s unlikely that the demand for hardware crypto wallets will scale up so quickly to match that of Nano S during the Bitcoin boom of 2017.