Fresh off the heels of their recent hardfork, the Bytecoin Team has published a protocol which its users can follow to manually make hardware wallet support available to them. The protocol was written specifically for the Ledger Nano S and works off of the Bytecoin Desktop app.
The Bytecoin Team has been working on making hardware wallets a storage option for its community for some time now. Earlier this year the team announced that Bytecoin had rolled out early hardware support, which would take effect after the hardfork. The project was important for Bytecoin developers because its implementation was seen as an additional usability and security enhancement.
In order to make this happen, the wallet structure for the Bytecoin platform was modified to align with the BIP-32 standard, the model used for hierarchical deterministic wallets. With HD wallets Bytecoin users will be able to use one piece of cryptographic data to create corresponding keys for multiple cryptocurrencies and restore access to all their funds.
With HD wallets joining the fold, early support for hardware wallet storage fell within the orbit of the Bytecoin community. At this stage hardware wallet support is possible via manual implementation.
The Bytecoin Team has provided an in-depth set of instructions to follow detailing how to build the Bytecoin app on Ledger and create a wallet file supported on the platform. Once implemented, Bytecoin users can use the Ledger Nano S with all of its security advantages as a normal means of storing and sending their assets. The instructions for the manual build can be found on the Bytecoin blog.
When reached, Bytecoin CMO Jenny Goldberg had this to add: “Security is a central concern to both the developers and the community here at Bytecoin, so we are pleased that we have been able to enhance the security of our platform with the addition of early hardware wallet support.”
Bytecoin was originally launched in 2012 as the first privacy-oriented cryptocurrency based on CryptoNote technology. Since its conception, Bytecoin has worked to position itself as a platform that recomposes structures of commerce in favor of the individual.
Leave A Reply