Elastos (ELA) employs not only blockchain technology but a peer-to-peer network for communication, decentralized data storage services, and a decentralized ID (DID) system for all digital assets.
With sidechains like Ethereum, Elastos is not merely the foundation for securing truly decentralized applications that can scale, it is the foundation for true data ownership. Because of the ongoing success, Elastos will soon become one of the many fully supported coins on Ledger. Currently, Elastos can only be stored on a hardware wallet such as the Nano S/X, and the only way to manage the account is by connecting the Ledger to the Elastos-Light wallet.
Today, we will show you how to start managing your ELA stored on Ledger by connecting to the Elastos-Light wallet. Let’s begin!
Before you begin: You will need to have an initialized Ledger hardware wallet, plus the Elastos app already installed on your Ledger device. You also need to have the Ledger Live application downloaded and installed on your device.
Make sure you are using the latest version of Ledger Live.
How to get Ledger and Elastos-Light started
#1. Download and install the Elastos-Light wallet from here. Make sure you are getting the latest version.
Then open the Elastos Light Wallet Application, and click the “Ledger Connected” Icon at the bottom right.
#2. Click the Ledger Button on the right side of the screen.
#3. Verify that the address on the Elastos-Light wallet matches the address on your Ledger device. Once this is confirmed the dashboard will become visible similar to the one below. Now you can view and manage your ELA stored on your Ledger.
Conclusion
Elastos is one of the several cryptocurrencies that are yet to be added to Ledger for full management. At the moment ELA token holders can still store their tokens on Ledger, but for the full management of the account, they’ll need to use the Elastos-Light wallet as described above.
