Ledger announces “Recovery Key”, a new physical system for the recovery of crypto wallets

The new product of Ledger It consists of a card that connects with the via device NFC that, by introducing a Pin, It allows the recovery of the user’s wallet. It is a measure that seeks to optimize the mechanisms for the protection of accounts.

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• Ledger launches a physical option for wallet recovery, using technology NFC Safe.
• It allows support without internet connection, without relying on third parties.
• The device code is now available for external audit.

The hardware developer for cryptocurrency storage, Ledger, announced on Tuesday the launch of “Ledger Recovery Key “, a new physical key designed to allow users to recover their wallets just by bringing a card to their device and digitting a Pin, with which they seek to make the self -ocustody of digital assets much more accessible.

The new product of Ledger

The new product was reviewed by several specialized media, which indicate that this new tool is designed for the company’s electronic tactile devices, Ledger Stax and Ledger Flex. It is a card that operates without internet connection, which is communicated by properly encrypted NFC channels, a process that occurs without intermediaries, a representative change against traditional recovery methods.

In this regard, the team of Ledger indicated that your product, Recovery key, allows users to create a “Replacement key” Additional that works in parallel with its seed phrase. This key is configured directly from the device and is protected by a Pin, housed in a lasting and safe hardware. According to the company, there is no limit on the amount of keys that can be generated, although each requires direct confirmation on the device.

The director of Experience of Ledger, Ian Rogers, explained: “Too many people continue to compromise security by leaving their assets in exchanges or unsafe software wallets. With Recovery Key and our previous options such as Ledger Recover, we now offer recovery solutions for each type of user.”

Extended options for recovery

Recovery Key arrives after the launch of Ledger Recover In 2023, a payment and optional service that fragments and encrypts the seed phrase of a user, storing it in security modules in different jurisdictions. This system allows you to recover access to the wallet verifying identity through application Ledger Live.

Although this approach has received criticism in some sectors of the crypto ecosystem, particularly for privacy concerns and possible data leaks, the company insists that the key is to provide options. “Recovery Key and Ledger Recover are complementary. You can use one, both, or simply continue with your 24 -words phrase. The important thing is to have options that fit your style of use and give you peace of mind,” The company explained.

Code transparency and audit

Additionally, the team of Ledger revealed that the code Recovery Key It is already available for public review, accompanied by a technical Whitepaper. The device has been submitted to internal security tests carried out by the company’s hacker team, known as Donjon, as well as independent external audits.

The firm’s technology director, Charles Guillemet, said: “We are delighted to present Recovery Key with a reviewable code and exhaustive security tests. We have received very positive comments from researchers and leaders in the sector. We now make it available to the public before its official launch.”

The exact date of availability has not yet been announced, but it is expected that Ledger reveal more details in the coming weeks.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Unspash

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