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Ledger CEO Pascal Gauthier highlighted the importance of self-custody in cryptocurrencies and the role of hardware wallets. Speaking at a blockchain event in Dubai, he explained that cryptos were designed to avoid middlemen and thus require proper management of secure hardware wallets. Ledger is focused on securing cryptocurrencies as well as general online security, with new products featuring larger secure screens for clear transaction signing to prevent huge losses, such as the $55m lost in a stablecoins transaction.

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Sure, there’s a lot of talk about Bitcoin ETFs and digital asset exchanges, but according to Ledger CEO Pascal Gauthier, the whole point of cryptocurrencies is actually about self-custody.

While chatting at a blockchain event in Dubai, Gauthier pointed out that cryptos were designed to avoid middlemen. Bitcoin, for example, was originally created to be a peer-to-peer payment system and not something controlled by banks or other financial institutions.

But crypto isn’t just about self-custody, it’s also about having proper hardware wallets. And let’s be real – just like our smartphones, these wallets need to keep evolving to keep up with the crypto world. Because crypto is always on the move, evolving and adapting, hardware wallets need to up their game and get more sophisticated too.

This is why Ledger, apart from protecting cryptocurrencies, is also focusing on securing online life. It plans on being your go-to protection device for all your secrets, crypto-related or just regular internet stuff. Back in July, Ledger even launched a flex product, which Gauthier says has one of the most secure touchscreens in the world.

Another important thing to note in the crypto space, especially after a crypto investor lost a massive $55 million due to a signed transaction that shifted his stablecoins’ ownership, is the importance of secure transactions. Gauthier and Ledger advocate for clear signing and caution the community against blind signing transactions.

Much like signing a blank check online, blind signing is a dangerous practice that needs to go. That’s why Ledger’s new products have bigger screens – so you can easily see what you’re signing on a secure screen. And to help spread the word about secure signing, Ledger’s teamed up with other folks in the industry to educate everyone about it.

Source: Cointelegraph