Ian Rogers, Ledger’s Chief Experience Officer, has returned to the genesis of the brand’s new hardware wallet: the Stax. In doing so, he draws a parallel between the current development of the cryptocurrency ecosystem and the beginnings of the web
The Ledger Stax: the next generation of hardware wallets
Ian Rogers, Ledger’s chief experience officer, explains what prompted the company to develop Stax, the brand’s new hardware wallet that will be released next spring.
He believes that Web 3 is still in its infancy and predicts a future where it will be so developed that identity verification will be done through a signature on the digital wallet. If today there is still a long way to go before this becomes part of our daily lives, Ian Rogers recalls that the 90s also had their share of scepticism:
In the 90s, people said “everyone will never get broadband! Ten years later, the same people were saying, “Everyone will never have a smartphone!” Yet today, humanity collectively uses over 6.5 billion internet-connected smartphones to live their daily lives. “
If this is to be the case in the future, then Ledger believes that data security must be a central pillar and the Stax, in its publicly accessible design, must meet this need.
It is this very security that is at the heart of the design of this new product. Thus, particular care has been taken to ensure that the new features of Stax do not offer any loopholes that could be exploited by a malicious person, as Charles Guillemet, Ledger’s technical director, explains:
Innovation drives ecosystem development
In regards to the development of the cryptocurrency ecosystem, Ian Rogers describes a cycle of innovation, which allows it to grow. This cycle is valid for any technology, and is reflected in Ledger’s policy that led to the creation of Stax:
- A new product is designed on which applications are developed;
- These applications encourage the community to create new ones, which encourages new entrants;
- These new entrants grow the market, which drives the creation of new products to meet new needs.
With Ledger having sold over 5 million units of the Nano range, Stax must embody the next generation of hardware wallets to meet the new needs created by market growth, while in turn driving the adoption of cryptocurrencies.
