The Nano Ledger S integrated support for the privacy coin Monero a few months ago. After many months of Monero advocates pushing for the inclusion into retail hardware wallets, the Monero team alongside Ledger have finally pushed direct Ledger support into the GUI. The Monero Wallet app has been available since around March via the Command-Line Interface.
I wanted to describe the process for getting the Ledger Nano S running with your Monero wallet using the Graphical User Interface. There are no true guides out there for Monero implementation in the Ledger Nano S wallet. This guide aims to describe why its important to complete this entire walkthrough/setup.
I also see the value in a privacy coin of Monero and think the ability for individuals to store this asset securely greatly enhances its value in the marketplace. Readers and proponents of Monero and other digital currencies for that matter, should understand the underlying process required to store them, and I aim to make this process comprehensible and informative.
Storing Monero on the Ledger Nano S(I will refer to the hardware wallet as “Ledger” for the rest of this post) requires the use of the Graphical User Interface(GUI) Version 0.12.3.0 Lithium Luna. You also can store your Monero via the Command Line Interface(CLI) but I will focus on the GUI implementation. Downloading the software for Monero, does not require some of these steps that I am going to talk about, but I would suggest you verify the authenticity of what you are downloading.Why does authenticity and integrity matter?
Authenticity allows the end-user to verify that the data received is precisely what the creator of the data intended to be released. This means, that the user can trust that the data was not altered while in transit, or from its download source. There are specific attacks that will concentrate on altering data through various means. This process v...