Ledger Wallet Resumes Bitcoin Cash Support

The team behind the wallet decided to stop BCH services temporarily in order to counter potential attacks and unwanted transactions during the upgrade. The same preventative measures were taken by most major exchanges as well and BCH transactions weren’t available for a few days around the fork.

Bitcoin Cash’s fork was done on November 15th and it was the result of a division between the altcoins supporters, which led to the creation of two new versions – BCH ABC led by Roger Ver and BCH SV, supported by Craig Wraith.

Ledger announced the renewal of services on Twitter, noting that for the moment only BCH ABC is supported and that users are advised to seek help with claiming BCH SV tokens before sending BCH. Also, before making any transactions, it is recommended to use the Electron Splash splitting tool, as BCH SV is not supported on Ledger Live. Failure to use the tool may result in loss of the tokens due to hacker attacks.

In the last few months Ledger has gained momentum through new successful partnerships. In October, Ledger’s team helped with the development and launch of the Blockchain Lockbox – a new hardware for offline assets storage and ease-of-access to an online wallet.

Furthermore, earlier in November, the IOTA Foundation, shared their plans to develop a partnership with Ledger, integrating the IOTA tokens with the Ledger Nano wallet. This will be beneficial for users who will be able to protect their private keys, isolating them from the device they are using and accessing the tokens with a special chip.  Find out more about IOTA and Ledger wallet in our latest technical analysis.