Hey Folks, Polkadot released their new Ledger App!
Let's dive into the new Polkadot Ledger App 🔥🔥
Meta Description: With the release of the new Polkadot Ledger app, the Polkadot ecosystem will go one step further in terms of user experience and security in transactions
With the release of the new Polkadot Ledger app, the Polkadot ecosystem will go one step further in terms of user experience and security in transactions. The new Polkadot Ledger app, recommended, supported, and created by the Polkadot community, will enable users to interact from one application with Polkatdot and all its parachains, actually making the whole ecosystem come closer to interoperability that is secure and smooth.
The updated version of the Polkadot app is now available in Ledger Live for all Ledger devices. Polkadot, Kusama, and the rest of the system chains are fully interoperable at launch, with parachains coming very soon.
Check Parity Technologies' dashboard of parachute compatibility for details.
Community Redefines Security
Polkadot's resilient network is built upon the back of a decentralized community that empowers decentralized governance, where it can propose, vote on, and develop key solutions. About a year ago, Referendum #62, "Metadata for offline signers," was led by Alzymologist Oy and Zondax when many members of the community pointed out the increasingly urgent need for safe and universal Ledger software for Polkadot and its parachains.
The effort to engineer whole-ecosystem-wide has since then integrated force and expertise from Zondax, Polkadot Fellow and Parity Engineer Bastian Köcher, multiple Parity Technologies teams, Nova Wallet, Talisman, Subwallet, and PAPI—joining forces with Ledger very closely to create the new Polkadot Ledger app.
What is Referendum #62
Referendum #62 has been accepted by an all-time high of 93% approval in the Polkadot community and brings with it a strong set of solutions regarding offline signing—an approach to securing transactions by signing them offline so that they are not exposed to Internet connectivity. The solutions will support Polkadot system chains and parachains created using the Polkadot Substrate development framework and, what is essential, remain unaffected by runtime upgrades.
Upgrades Driving the App
The offline signing represents a major part of the secure blockchain transaction process. However, it can present difficulties, particularly for large piles of complex metadata and the verification process for the same metadata.
Acknowledging this, the Polkadot Fellowship took on challenges for dealing with ongoing technical difficulties vis-à-vis offline signature in the Polkadot ecosystem and envisioned an answer in RFC 78: "Merkleized Metadata." In this respect, it elucidates ways the proper management of metadata to assure a smooth system without putting in danger security and, importantly, without compromising the performance.
The following critical enhancements made the new DOT Ledger app possible:
Metadata in transaction signatures
Metadata that is needed to decode a transaction at signing time is embedded in the transaction itself. This provides a transparent, safe interface for offline signatures.
Merkle tree structure
Consider the Merkle tree structure to decrease the size of metadata. Another advantage of the Merkle tree structure is that it enables offline signing on devices like a Ledger by digesting the metadata. Using the Merkle technique makes it possible to have safe, verifiable transactions.
Dynamic metadata parsing
Dynamic metadata parsing allows for universal compatibility in using all chains on the Polkadot network securely at faster speeds, regardless of hardware limitations by its users.
Why It Matters
The new software of Polkadot Ledger represents a quantum leap in technological innovation and accessibility for the integration and verification of information. It now enables users to safely manage digital assets across the Polkadot ecosystem, be it system chains or parachains, through one unified app.
Polkadot takes another big step
Santi Balaguer of Parity Technologies, who contributed to the development of the app, shared on X, "Polkadot today takes another big step into secure, seamless interoperability for users." This new Parity-developed Polkadot Ledger app shall enable a coherent environment for Polkadot and add an extra layer of security for users.
Get started with the new Polkadot Ledger app
👉Download the app: New users can download the app via the My Ledger option in Ledger Live.
👉For existing customers, convert your accounts and assets to the new Polkadot app by way of the Migration App in Ledger Live.
👉Talisman, SubWallet, and Nova Wallet now support the new Polkadot app.
👉Signing transactions: The new app will handle the new metadata standard seamlessly to provide secure and verifiable interactions.
Experience the New Standard — The Polkadot Way
The new Polkadot Ledger app makes a significant leap forward in user experience and security. This application establishes a new standard in terms of usability and security for the Polkadot Ecosystem by fixing major problems in both offline signing and metadata management.
This is an invention funded directly from the Polkadot treasury, showing what decentralized collaboration can make happen. The journey has just begun, and the brightest future is going to get laid as the Polkadot ecosystem expands. Enjoy an access level that is simply unmatched with your first trial of the new app Polkadot Ledger.
Frequently asked questions
What is the new Polkadot Ledger application?
It has been designed and recommended by the Polkadot community. This application enables customers to interact with Polkadot and all of its parachains in one application, enhancing the user experience and improving the security of transactions.
How do I download and install the new Polkadot Ledger app?
New users can install the app from the My Ledger menu in Ledger Live while existing users will be able to use the Migration App in Ledger Live to import accounts and assets into the new Polkadot app.
What was Referendum #62, and why did it matter?
Referendum #62, "Metadata for Offline Signers," dealt with the essential requirement for secure and universal ledger software between Polkadot and its parachains. This was driven by Alzymologist Oy and Zondax, gaining 93% support from the Polkadot community; among other things, it entailed techniques to secure transactions via offline signing.
