00:07Ah, new question.
00:09Ian, hi. I'm looking at all the crypto wallets online and I'm confused about all of them.
00:17You said to get the Ledger one, yeah? What's the difference?
00:21First reason? The chip. It's called a secure element.
00:25It uses technology used in biometric passports and secure bank cards.
00:29Ledger devices use a secure element from STMicro, the world leader in microelectronics.
00:35This chip has on board its own secure memory and directly controls the screen and buttons.
00:41It runs Ledger's in-house developed operating system, BOLOS.
00:44When you sign transactions using a Ledger device, you can be sure that what you see is what you sign.
00:51On your phone, you can't be certain that what you see is the same as what happens underneath.
00:56But with Ledger devices, you can.
00:58Other chips are as secure as these.
01:04Salty, too. Can I get a beer?
01:06Now, the second reason. No fortress is impenetrable.
01:10This is why Ledger invests in its own attack lab, which we call the Donjon.
01:14Yes, we actually pay people to break our own products and those of our competitors to raise the bar for
01:22the security of the whole industry.
01:23It is imperative that we find any security weaknesses before the thieves do.
01:29When we find vulnerabilities, we notify the company and give them time to patch before we ultimately publish the attack.
01:35I would have loved to show you the Donjon, but it's such a protected place that they wouldn't even let
01:39me in, let alone a whole film crew.
01:41And that's why we're shooting this one in a cafeteria 200 miles away.
01:46Unfortunately, many weaknesses in other hardware wallets are architectural, meaning there's no way to fix them without changing the fundamental
01:52nature of the product.
01:53For example, software wallets can be broken by anyone with some hacking skills.
01:58Software wallets are reliant on the security of your phone or computer, which is a moving target and why you
02:04shouldn't put anything of value in them.
02:05And this is why Ledger devices are the most popular choice.
02:10Next, we show you how to get the most out of your Ledger with Ledger Live.
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