Ledger has unveiled a new private key recovery tool that provides users with a secure way to access their cryptocurrency wallets without relying on cloud services.
Overview of Ledger Recovery Key
Ledger Recovery Key is an offline physical recovery tool that allows Ledger Flex or Ledger Stax wallet users to store their private keys on a smart card equipped with NFC connectivity.
Functionality and Security
The Recovery Key enables users to regain access to their assets simply by tapping the smart card and entering a PIN. It remains completely offline and is protected by its own PIN, without requiring identity verification or personal data collection.
Transparency and Open Technology
The Ledger Recovery Key application code is open source and available on GitHub. It has undergone internal security testing and external audits, ensuring its reliability. According to Ledger's CTO, Charles Guillemet, the feedback from security researchers and industry leaders has been overwhelmingly positive.
The Ledger Recovery Key represents a secure solution for private key recovery, providing users with both convenience and safety.
