Ledger Wallet resumes Bitcoin Cash(BCH) Services

As per an announcement made on November 23, cryptocurrency hardware wallet, Ledger has resumed Bitcoin Cash(BCH) services, after the Hardfork catastrophe.

On November 14, Ledger suspended its Bitcoin Cash services in expectation of the cryptocurrency’s hardfork to avert unwelcome transactions and the possibility of replay attacks.

During this period, Bitcoin Cash transfers through the Ledger wallet were not permissible. In a recent announcement, it said:

“The Bitcoin Cash network experienced a hard fork on November 15, 2018, leading to the emergence of Bitcoin Cash SV (BCHSV). Users that secured their Bitcoin Cash using a Ledger Nano S or Ledger Blue prior to the hard fork automatically own an equal amount of Bitcoin Cash SV as they own Bitcoin Cash.”

After the hardfork, an upgrade in the BCH network was the cause of this complex situation that shook the entire blockchain world and ultimately leading the blockchain network to split into BCH ABC backed by Roger Ver and BCH SV headed by Craig Wright.

This became the primary reason for temporary suspension of BCH trading and withdrawals on all exchange platforms worldwide. An announcement made by the hardware wallet, said that it had re-activated its services of BCH, which also include selling of bitcoins and other cryptocurrencies.

Here’s the announcement made by Ledger on Twitter:

“Our Bitcoin Cash service is back online in the form of Bitcoin Cash ABC. We’re also providing you with a help center article explaining how to claim your Bitcoin Cash SV. It is recommended to do this before sending Bitcoin Cash.”

By resuming the services for BCH, it also initiated the sales of bitcoins and other cryptocurrencies

On November 22, CoinMarketCap replaced the BCH ticker to mirror the prices of BCH ABC with BCH SV, giving it the 1727th position on the global coin ranking. As of now, Ledger Live is not supporting BCH SV; the company is also recommending its users to use the Electron Splash splitting tool, before carrying out any BCH transactions.

The company further went on to say, if users don’t utilize this splitting tool, they might risk losing their BCH SV if attackers replay their transactions on BCH SV chain or vice versa.

Germany-based IOTA Foundation announced plans of integrating its IOTA tokens with Ledger wallets. The hardware wallet will provide its users to safeguard their private keys, enabling them access to IOTA tokens through a special chip by disengaging user keys from their computers or smartphones.

“Blockchain Lockbox”, a hardware device launched by crypto software company Blockchain.com, developed in partnership with Ledger, can be integrated with the existing online wallet.

The device will allow users to store all or a portion of their digital assets offline, along with easy access to their accounts online.