The Algorand Foundation has been working on enhancing the security of the protocol and its ecosystem by partnering with leading security firms and auditing companies. Users should also be aware of the risks associated with storing assets on centralized platforms, which can be vulnerable to attacks and hacks. The recent hacks on Algorand-based wallets highlight the importance of securing digital assets and using trusted and reputable service providers. The protocol has been adopted by a range of projects and companies in the blockchain space, including Circle, the issuer of USDC stablecoin, and the International Blockchain Monetary Reserve, a non-profit organization that aims to provide financial services to underserved communities. Algorand uses a pure proof-of-stake consensus algorithm that is designed to be energy-efficient and secure against attacks. The foundation is responsible for the development and governance of the Algorand ecosystem, which aims to create a secure and decentralized platform for digital assets and applications.
#Algo wallet software
The Algorand Foundation's chief technology officer, John Wood, confirmed that around 25 accounts were affected by the MyAlgo exploit, and it was not the result of an underlying issue with the Algorand protocol or software development kit (SDK). The total loss from the theft was less than $55,000, and Algodex users and the liquidity of ALGX were not affected. The exchange confirmed that $25,000 in ALGX tokens allocated to provide liquidity rewards were taken, but it would replace this in full. Algodex moved the bulk of its USD Coin (USDC) and native Algodex (ALGX) tokens to secure locations, but the infiltrated wallet was responsible for providing extra liquidity to the ALGX token. Meanwhile, Algodex revealed that a malicious actor infiltrated a company wallet on March 5, similar to what is happening in the Algorand ecosystem. The cause of the breach is unknown, and the wallet provider has encouraged users to take precautionary measures to protect their assets. In the past week, a targeted attack was carried out against a group of high-profile MyAlgo accounts. MyAlgo urged users to withdraw their assets or rekey their funds after a February security breach that resulted in losses of around $9.2 million. Check the Algorand wallet page to learn more.Algorand-based wallets have been hit by security breaches in recent weeks, with MyAlgo and Algodex both experiencing hacks. We are working to add all ASA to our list of supported crypto assets. The following ASA are supported in Ledger Live:ĪSA that are not supported in Ledger Live can be managed using external wallets such as Algorand wallet or MyAlgoWallet. If you want to unhide tokens, go to Settings > Accounts > Hidden tokens.
#Algo wallet full
You can either hide all ASA accounts for which you have emptied the full balance or choose to hide a specific ASA that you do not want to see.
Click on Show ASA under the Algorand account that holds the ASA.If you already have an Algorand account with ASA, your ASA will be displayed in Ledger Live once you've added your account. Some ALGO to pay for the network fees of ASA transactions.The Algorand account you send ASA to will be the parent account of your ASA accounts.īefore you send and receive ASA, make sure the parent Algorand account meets the following requirements: The ASA accounts will only appear after the ASA transaction has been confirmed on the Algorand network.
Get started by sending your ASA to the Algorand account of your choice. Note that it is not possible to opt-out of ASA in Ledger Live.
#Algo wallet update
Update the firmware of your Ledger Nano S / Nano S Plus / Nano X.
#Algo wallet download
Update Ledger Live through the notification banner or download the latest version.Before you can manage ASA, you need to complete the following prerequisites:
You can manage Algorand Standard Assets (or ASA) in Ledger Live using the Algorand app on your Ledger device.
0 kommentar(er)
