6/10/2023 0 Comments Ledger live coins![]() ![]() With Coin Control, you can access and make transactions purely for this specific address, not revealing others linked to it in the process. You could opt to share a single Bitcoin address for this purpose. ![]() Let’s say you’re running a blog and are open to receiving Bitcoin donations. Lastly, you can now choose what you’d like to use a specific Bitcoin address for. This would optimize the network fees to pay. By choosing UTXOs with a higher value rather than the oldest ones, this strategy is able to reduce the byte size of your transaction. In short: it can be a game changer when it comes to your privacy.Įqually a big deal, you can choose the coin selection strategy for reducing the fees you’d need to pay. As such, they cannot track any movements. With Coin Control, you can simply choose to not use this tiny Unspent Transaction Output (UTXO). This tiny amount would then be tracked, which could potentially through thorough analysis find out the identity of the owner. There can be a large variety of reasons as to why someone would want to pick the addresses they’d like to use.įirstly, it adds protection against a potential privacy threat known as Dusting Attacks. With this update, we’re giving you more power and control over your own funds – a trend that we intend to expand on even further. When you are creating a transaction through Coin Control, you will now be able to manually pick which addresses and UTXOs you want to use for compiling the transaction. Coin Control gives you more choice in this. These previously received coins are also known as Unspent Transaction Outputs – or UTXO in short. This means that a single Bitcoin account in Ledger Live manages a multitude of different Bitcoin addresses.īefore today, Ledger Live would choose to use your oldest received coins for a new transaction, meaning it would use them on a First-in, First-out (FIFO) basis. This feature only exists for these cryptocurrencies, since they make use of Hierarchical Deterministic (HD) wallets. What is Coin Control?Ĭoin control is an advanced feature for Bitcoin and its derivatives. You can read more about how to use it here. This feature that especially caters to advanced users’ desire can now be used by going into “Advanced Options” when creating a Bitcoin or derivative transaction. Yesterday’s Ledger Live version 2.11.1 release didn’t only add a native Algorand integration – it also added the much anticipated Coin Control feature for Bitcoin and its derivatives! This allows you to set up your Bitcoin transaction exactly the way you want it, choosing for optimal fee usage or perhaps opting for privacy instead. More Power over your Transactions with Coin ControlĪt Ledger, we are always looking at interesting, powerful and popular features that are desired by the community to integrate within Ledger Live. You can now set up your Bitcoin (and derivatives) transactions up the way you want to through it. Ledger Live version 2.11.1 brings yet another powerful feature to its arsenal with Coin Control. ![]()
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