Ledger Nano S phase-out has ignited a wave of frustration among long-time crypto holders and hardware wallet users.
Many believed this device would serve as a reliable vault for years. Now, Ledger has stopped supporting the Nano S, sparking debate over cold storage longevity.
The Nano S, launched in 2016 and retired in 2022, will no longer receive software updates. Users worry about future bugs and security gaps. Despite Ledger’s claims that the wallet will still work, the lack of updates leaves many uneasy.
Critics are asking whether they must now buy new devices every few years. The newer Ledger wallets aren’t cheap, ranging from $150 to $400. Ledger offers a 20% discount to Nano S owners upgrading to current models. But that offer isn’t easing concerns about product lifecycle transparency.
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Sunset shocks cold storage believers
One of Ledger Nano S’s major selling points was long-term security. Many users treated it like a digital time capsule. The sudden announcement that updates are ending feels like a betrayal to some. Users on Crypto Twitter called the move “uncool” and even “scammy.”
Ledger’s CTO, Charles Guillemet, explained that the device’s 320KB memory is maxed out. He said it can’t support new apps, updated features, or even multiple language packs. That severely limits the wallet’s future usability.
Currently, major coins like Bitcoin and Ethereum are still supported on the Nano S. Basic functions—sending, receiving, and swapping—are operational. But the device won’t evolve with the ecosystem.
Ledger Nano S phase-out reflects crypto’s rapid evolution
Ledger claims it’s being honest about technical limitations. The blockchain world has exploded in complexity since 2016. Supporting new chains and smarter transactions demands more powerful hardware. That means older devices like the Nano S just can’t keep up.
Still, the phase-out raises key questions for hardware wallet users. Can anyone trust a device to store assets for decades? Is planned obsolescence becoming the norm in crypto?
While Ledger assures that Bitcoin will work unless the protocol itself changes, users now have to plan for eventual hardware turnover. Cold storage, once viewed as forever storage, may now come with an expiration date.