Ledger to delay controversial key recovery feature, CEO says

2023-5-24 18:33

Ledger has decided to delay its recovery feature as it open-sources the code, CEO Pascal Gauthier said in a letter. The Ledger Recover feature won’t be rolled out until the open sourcing is complete, he noted. Gauthier also apologised for the way the company handled the communication around the feature’s release.

Ledger is delaying the rollout of its recovery feature, CEO Pascal Gauthier has announced.

According to details in a letter the CEO of the hardware wallet provider addressed to customers and the broader cryptocurrency community, the planned implementation of Ledger Recover will remain on hold until the company releases its code.

“We have made the decision to accelerate the open sourcing roadmap! We will include as much of the Ledger operating system as possible, starting with core components of the OS, and Ledger Recover, which won’t be released until this work is complete,” he noted.

Other than that, Ledger plans to open source the recovery protocol, a move the company believes will enable the crypto community to benefit from increased room for making choices regarding the self-custody of their assets. The service will also remain fully optional.

“We’ve listened to our customers; we are accelerating a roadmap that’s been in progress, and regardless, the security of your Ledger remains unchanged,” the Ledger exec added.

Ledger CEO apologises to crypto community

Ledger announced the recovery service last week, revealing that users would be able to secure the encrypted backups of seed phrases via custodians. 

The feature was to allow crypto holders access and restore private keys after they lose or forget seed phrases. The Ledger Recover is an opt-in feature that will require customers to complete a Know-Your-Customer (KYC) check. 

Criticism of Ledger’s move was massive, with the industry shocked by how the company proceeded to handle the uproar.

In his letter, Gauthier apologised “for the way this was communicated.” The wallet provider’s leadership is also set to hold an AMA on Tuesday, 23 May 2023 at 12:30 pm ET where the Ledger Recover service will be expounded on.

The post Ledger to delay controversial key recovery feature, CEO says appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Quantum Resistant Ledger (QRL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.307
Капитализация $0 Rank 99999
Цена в час новости $ 0.1392 (-100%)

ledger feature delay ceo recovery won rolled

Источник: coinjournal.net

ledger feature → Результатов: 59


How Scalable Quantum-Safe Blockchains Help Against Network Outages

The blockchain industry is at the forefront of innovation, with new ways to harness this secure distributed ledger technology in various areas of traditional business. A key feature of conventional blockchains is the ability of any entity to verify the integrity of the blockchain ledger by executing the same algorithm that was used to generate it.

2022-5-4 16:38


The XFLOKIVERSE – A New Metaverse Project on the XRP Ledger

XFLOKIVERSE – A new metaverse gaming project that is taking the XRP Ledger by storm, has just launched its new dashboard feature as the first step in its eventual game development phase. The dashboard is currently allowing preliminary holders to unlock a variety of limited edition eggs, each one will hatch into a unique XFLOKI […] The post The XFLOKIVERSE – A New Metaverse Project on the XRP Ledger appeared first on NullTX.

2021-11-26 06:48


The XRP Ledger May Allow Third-Party Asset-Backed Tokens In the Future: Ripple CTO

According to Ripple’s head of tech, David Schwartz, the firm is creating a new feature which will let clients mint new asset backed tokens on its XRP ledger. Ripple released a press statement explaining that its tech engineers are developing exciting fresh features which will lead to the broadening of the ledger’s functionalities which will […]

2020-2-29 22:04


Фото:

Amendments: Ensuring Sensible Evolution of the XRP Ledger

The XRP Ledger (XRPL) was designed to provide a robust feature set for the foundation of the digital asset XRP in addition to settling payments and exchanging digital assets of all kinds. The open source community of developers supporting innovation on XRPL continue making core improvements to the technology to ensure performance, stability, security, quality, … Continued The post Amendments: Ensuring Sensible Evolution of the XRP Ledger appeared first on Ripple.

2020-2-12 03:15


Gominer ICO

Gominer Token is a Peer-to-Peer token that has a sophisticated level of security for a multi-functional digital currency and for all future use expansion. The token is created to help our user to interact and expand the way of their earning in Cloud mining.

2019-7-28 17:33


Фото:

The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

2018-7-13 17:16


дальше еще 10 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ledger Live brings crypto swaps to users via MoonPay partnership

Ledger and MoonPay have expanded their partnership to offer crypto swaps and buy via Ledger Live. The companies will also offer a custom Nano X for MoonPay. Ledger will offer access to instant crypto purchases to its Ledger Live users in its latest partnership with crypto payments firm MoonPay.

Ledger teams up with Coinbase to offer direct to cold storage crypto purchases

Leading self-custody wallet Ledger has joined forces with Coinbase to enhance accessibility for self-custody users seeking to purchase cryptocurrencies. According to a Feb. 13 statement shared with CryptoSlate, this collaboration introduces the integration of Coinbase Pay into Ledger Live, simplifying the crypto purchasing process and broadening access for new users.