Update 1.12 of 1-inch Android Terminal Wallet Brings Support for Ledger Hardware Wallets and WalletConnect v2
On March 31, it was announced that the 1 inch Android terminal wallet launched a version 1.12 update that added support for Ledger hardware wallets and WalletConnect v2.
1 inch And
On March 31, it was announced that the 1 inch Android terminal wallet launched a version 1.12 update that added support for Ledger hardware wallets and WalletConnect v2.
1 inch Android terminal wallet launched version 1.12 update
Introduction
On March 31, the 1-inch Android Terminal Wallet launched a version 1.12 update that added support for Ledger hardware wallets and WalletConnect v2. This is great news for cryptocurrency enthusiasts who use the 1-inch Android Terminal Wallet, as it enhances their security and connectivity options.
What is the 1-inch Android Terminal Wallet?
Before we dive into the details of the update, let’s briefly discuss what the 1-inch Android Terminal Wallet is. Put simply, it’s a decentralized cryptocurrency wallet that allows users to manage their digital assets in a secure and user-friendly manner. It was created by the 1inch Network, which is a decentralized exchange aggregator that sources liquidity from various cryptocurrency exchanges.
What is a Ledger hardware wallet?
A Ledger hardware wallet is a type of cryptocurrency wallet that stores your private keys offline, providing an extra layer of security against potential hacks or cyber attacks. It’s a physical device that can be connected to your computer or mobile phone when you want to make a transaction.
What is WalletConnect v2?
WalletConnect v2 is a protocol that allows users to connect their decentralized applications (dapps) to their wallets using QR codes or deep links. This makes it easier and safer to interact with dapps, as your private keys are stored securely on your wallet and you don’t need to manually enter them every time you want to use a new dapp.
Benefits of the update
So, what benefits does the version 1.12 update bring to the 1-inch Android Terminal Wallet? Firstly, by adding support for Ledger hardware wallets, users can now store their private keys offline and enjoy the added security benefits mentioned earlier. This is particularly important for those who hold large amounts of cryptocurrency and want to ensure that their assets are as secure as possible.
Secondly, the integration of WalletConnect v2 means that users can easily connect their 1-inch Android Terminal Wallet to various dapps, such as decentralized exchanges, without having to manually enter their private keys. This is a major time-saving feature that also makes the process of interacting with dapps much more secure.
How to update to version 1.12
If you’re already using the 1-inch Android Terminal Wallet and want to update to version 1.12, simply go to the Google Play Store and click the “update” button. If you’re new to the wallet, you can download it for free from the Google Play Store and start using it immediately.
Conclusion
The version 1.12 update of the 1-inch Android Terminal Wallet brings exciting new features and capabilities to the table, including support for Ledger hardware wallets and WalletConnect v2. These features enhance the security, connectivity, and usability of the wallet, making it an even more attractive option for cryptocurrency investors.
FAQs
1. What is a Ledger hardware wallet?
A Ledger hardware wallet is a type of cryptocurrency wallet that stores your private keys offline, providing an extra layer of security against potential hacks or cyber attacks.
2. What is WalletConnect v2?
WalletConnect v2 is a protocol that allows users to connect their decentralized applications (dapps) to their wallets using QR codes or deep links.
3. How do I update to version 1.12 of the 1-inch Android Terminal Wallet?
Simply go to the Google Play Store and click the “update” button if you’re already using the wallet. If you’re new to the wallet, you can download it for free from the Google Play Store and start using it immediately.
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