The Cardano Foundation announced on February 1st that it will integrate Ledger\'s hardware wallets into its ecosystem as a measure to enhance its overall security features. In the light of the recent phishing scams and the huge Coincheck hack in Japan, people are more concerned about securing their funds offline in \'cold storage,\' or devices such as Ledger\'s hardware wallets. These devices, resembling a portable USB, are currently offered in an upmarket \'Blue\' version, or the more affordable \'Nano S.\'

Ledger currently leads the world in cold storage technology, but recent events have increased security concerns such that demand is outstripping supply.. In 2016, Ledger sold 3,000 units, while in 2017 this had grown to a million. However, present high demand has caused a huge backlog in filling orders, and people are having to wait up to two months to receive their devices.

The integration of Ledger tech with Cardano will allow holders of Cardano\'s ADA coins to transfer them directly from their existing software wallets onto the more secure Nano S device. The Ledger wallet will have a dedicated Cardano app, so as to present users with a seamless transaction experience.

Cardano is ranked fifth in market cap listings with a total capitalisation on February 2nd of $9,283,265,387.00.