Hello Riders!<\/span>\u00a0For those of you that aren\u2019t aware, WingRiders has integrated DIRECT hardware wallet (HW) support \u2014 we are the first DEX on Cardano to do so!<\/p>\n Security topics are not as hot as features or new projects and airdrops but we as a community should be more and more aware of the topic and demanding the highest standard possible. In the case of the exchange that you are trading on, this is a risk that you (we hope) are aware of, and have made an informed choice as a consumer. Very important to note is that this counts for wallets as well.<\/p>\n At the basic level, HW are safer than SW because SW are stored on your computer and are connected to the internet when your computer is, therefore they are vulnerable to any malware or virus, such as KPOT and others. They could potentially be impacted by hardware failure on your computer. If you wish to know more, you can read this blog by Ledger themselves\u00a0here.<\/a><\/p>\n For those of you who have been with us since the beginning, it\u2019s worth remembering that VacuumLabs did the initial integration work to bring Ledger and Trezor to Cardano and maintain the integrations since 2018 \u2014 we\u2019ve leveraged that expertise via their Devs and turned it into the safest way to trade on ANY DEX on Cardano \u2014 direct HW to DEX integration, without the need for a software layer in-between.<\/p>\n The older and more mature a platform or device, the (again, we hope) the less likely it is to have potentially catastrophic errors within it. Ledger is an example of this \u2014 they have been in the space a long time, and have a strong security pedigree. Their hardware and software is some of the best in the market. To learn more about Ledger, please check out their\u00a0website<\/a>.<\/p>\n So, if you trust your HW wallet provider, and you trust your DEX, what\u2019s the issue? Well, in the case of many DEXes, the only way they can use them with HW wallets is through the use of third party software in between (for example a SW wallet like Typhon, or Eternel). Additionally, direct integration with a Hardware Wallet is convenient, it lets users interact with the WingRiders platform without the need for software. With WingRiders, our developer mindset made us want to provide DIRECT HW integration. It\u2019s not that we know of any issues with third party software, but we understand that adding complexity or additional layer adds risk, hence, direct integration was one way of reducing risk.<\/p>\n What does this mean for users? Well, put simply, by using our direct integration method, it allows users to\u00a0even access the WingRiders platform straight from any Android device<\/span>, using their Ledger. (Don\u2019t worry \u2014 Trezor support is coming too). We believe we are the first DEX on Cardano to provide direct integration and use of Android to its users.<\/p>\n We are working hard to improve functionality hand in hand with security for our users to provide the most secure environment to trade on for our Riders. Ledger (and Trezor!) direct integration is just one of the functional improvements that the WingRiders isl bringing to market in Q2. Here\u2019s a list of other fixes and updates we\u2019ve added in the past 6 weeks.<\/p>\n Stay tuned, and stay safe!<\/p>\n Peace.<\/p>\n The WingRiders Team<\/p>\n![\"\"](\"https:\/\/cardanofeed.com\/site\/uploads\/2022\/May\/08\/1_hZlWm-lYGU2Sfiy3pi3pzA.png\")
<\/span><\/p>\n
If you\u2019ve been paying attention to the news recently, you\u2019ll have noticed a number of DeFi platforms and providers have been hacked. You can read about it\u00a0here<\/a>,\u00a0here<\/a>, or\u00a0here<\/a>. A number of these hacks and exploits have taken advantage of poor security processes, or in some cases they have taken advantage of code errors in the smart contracts but also vulnerabilities in software.<\/p>\nWhy are Hardware Wallets (HW) safer than Software Wallets (SW)?<\/h2>\n
<\/p>\n<\/figure>\n
<\/p>\n<\/figure>\n
\n