LEDGER CERTIFICATION
— Security certification is an objective assessment of a product by a third party to show that it has attained a particular security standard.
— There are multiple different security certification levels, denoting different evaluations undergone by the product.
— The purpose of certification is to provide users with a reliable and objective metric for judging the security of a given product.
LEDGE
A public ledger is a record-keeping system. The ledger maintains participants' identities anonymously, their respective cryptocurrency balances, and a record of all the genuine transactions executed between network participants.
Hardware wallets are a form of offline storage. A hardware wallet is a wallet that stores the user's private keys (a critical piece of information used to authorize outgoing transactions on the blockchain network) in a secure hardware device.
Ledger's hardware wallets are device-based, which means they use storage mechanisms—USB drives—to store private keys, thereby making it difficult for hackers to access the key from an online location.
Ledger hardware wallets use state-of-the-art Secure Element chips , which are used for high-end security solutions for protecting critical data such as credit cards, passports and sim cards. These chips are certified for their high security level. For these applications, having this level of security is a third-party requirement. For hardware wallets, no such requirement exists.
WHY IS CERTIFICATION IMPORTANT?
Anyone can claim to have a secure device, but it is difficult to trust this claim. Through certificates, an independent third party has assessed the claim.
At INTERCER, we believe that security is paramount and while anyone can claim to have a secure product, it means much more if it comes from a trusted third party. This is an important milestone for INTERCER in our effort to certify B2C and B2B products in a safe and credible way.