Cold SHIB Wallet Finally Released, Will It Avoid Ledger’s Controversy?

SHIB

Tangem, a Swiss business that collaborated with Shiba Inu to create a SHIB cold customised wallet, tweeted that a limited quantity of these wallets are already available and close to selling out.

The tweet also lists the characteristics of these just-released wallets in the form of cards. It appears that Tangem is claiming that its SHIB wallets will escape the recent Ledger wallet manufacturer scandal.

The leader of the Shiba Inu squad, @LucieSHIB, announced on Twitter that she has placed an order and is eager to get her hands on one.

5,000 SHIB cold wallets on sale

Users will be able to trade, transmit, and store more than 6,000 different cryptocurrencies, including SHIB, naturally, using the aforementioned SHIB hardware wallets. Users will be able to access dApps, DeFi, and non-fungible tokens (NFTs) thanks to it.

One only requires a smartphone with the Tangem app loaded in order to utilise a wallet.

According to Tangem, there will be two backup card wallets that would let users to retain their funds safely, addressing any potential security concerns. The wallet’s chip will hold the private key, ensuring that it is never revealed or otherwise obtained from the device.

Recent Ledger wallet maker situation

Ledger, a well-known manufacturer of hardware wallets, has announced the release of an upcoming update that is intended to improve the security of the cryptocurrency kept in users’ wallets. Three encrypted bits of the seed phrase were to be split up and distributed to three different devices for safe storage.

Many people in the cryptocurrency world were concerned that this might give hackers access to their wallets that contained cryptocurrency. Ledger suspended the upgrading after experiencing a sharp drop in clients.

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