Cryptocurrency hardware wallet manufacturer Ledger has sold over 1.3 million units as of this month, the company revealed in a blog post October 10.
Discussing whether or not cryptocurrency investors “need” hardware wallets, CEO Eric Larchevêque disclosed the figure, which potentially makes Ledger the biggest-selling hardware wallet on the market.
Competition in the sector remains limited to a handful of manufacturers, with other well-known names such as TREZOR and KeepKey yet to publish current public figures about their total sales.
Unofficial statistics for TREZOR from January suggest the number being around 800,000.
For its part, TREZOR regularly sells out of its offerings, earlier this year instigating a waiting list for eager consumers wanting to buy their latest Model T device.
Discussing current market trends, Larchevêque unsurprisingly pointed to a combination of security and affordability to explain the rising demand for hardware wallets.
“Hardware wallets are convenient, affordable, portable and backed up by a paper wallet allowing easy recovery in case of loss,” he wrote.
The industry has not always had a smooth run with publicity. Earlier in summer, controversy broke out over claims from a newcomer manufacturer BitFi, endorsed by John McAfee, which claimed to have produced an “unhackable” wallet.
After daring the community to attempt to hack into it, which 15-year-old Saleem Rashid subsequently did, a social media storm ensued, with BitFi ultimately withdrawing its claims.
Going forward, however, Larchevêque outlined forthcoming security updates which would serve to increase the solidity of Ledger’s offering.
This, he says, will take the form of “a chip designed specifically to resist highly skilled attackers and a custom OS designed specifically to protect crypto assets.”
The company’s president Pascal Gauthier further called 2019 the “year of custodianship” in an interview this week.
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