The manufacturer of Ledger’s hardware wallets presented an autonomous device that allows you to access the wallet at any time using a copy of the sid-fraise.
The Ledger Recovery Key product is a smart card that maintains a connection with the Ledger devices for the NFC protocol.
The device is an addition to the wallet and does not allow to store assets or manage them, the company emphasized.
Ledger Recovery Key works when connecting to a hardware wallet, protected by a PIN code and allows:
- It is safe to create a copy of a secret phrase of 24 words;
- restore access with its help;
- control the contents of the card (change the PIN code, the name of the device, delete data);
- Update.
Ledger noted that the Ledger Recover subscription service remains a preferred option for reservation of access. The decision presented in 2023 was faced with an ambiguous user reaction. Concern was caused by the theoretical possibility of restoring sid-fraza of its three parts, although preserved by different castodians.
Against this background, the competitor of Ledger – Trezor – reported a surge of sales by 900%.
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Source: Cryptocurrency
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