Ledger Delays Private Key Recovery Feature Amidst Community Backlash and Promises Open-Sourcing

Ledger Delays Private Key Recovery Feature Amidst Community Backlash and Promises Open-Sourcing


Hardware wallet company Ledger delays release of private key recovery feature due to community concerns, but plans to regain trust by open-sourcing its codebase and reinforcing its dedication to security and user empowerment.

Ledger, a hardware wallet company, intends to delay releasing its private key recovery feature after it received widespread criticism from industry proponents. Nonetheless, Ledger seeks to regain trust by open-sourcing its codebase and reinforcing its dedication to security and user empowerment.

On May 23, within a Twitter space session attended by over 13,000 users, the platform chairman and CEO, Pascal Gauthier, humbly acknowledged the platform’s shortcomings in communicating the launch of Ledger Recover. The CEO alleged that the company considered the community’s concerns and apologized for the miscommunication. He noted:

This experience has been very humbling. We miscommunicated on the launch of this product; it was not our intention to take people by surprise. So as a result of that, we understand the community’s direction and apologize for the miscommunication.

Nonetheless, the controversy arose on May 16, when the company announced the following Key recovery tool, Ledger Recover. The new feature was designated to enable users who had shed their seed phrases to regain access via an optional feature.

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On the other hand, the cryptocurrency community had raised concerns, fearing that the tool can potentially create a potential backdoor for unauthorized access to private keys.

Ledger Responds To Community Concerns

Nonetheless, in response to the community concerns, Gauthier revealed that the platform would accelerate intends to open-source more of its codebase. It will start with core components of its operating system and Ledger Recover, which he stated: “ will not released until this work is complete.”

Further, the chief technology officer at the platform, Charles Guillemet, has pointed out that over the coming days, a white paper on the Recover Protocol would become open source along with technical blog posts. This will assist “explain the principles of Recover” and provide more detailed explanations of how the procedure works. He further added:

It will be straightforward for every single cryptography and security expert to look at the protocol to get more guarantees and understand how it works.

Still, the platform’s decision to accelerate the open-sourcing process signifies Ledger’s commitment to the community’s concerns. It is worth keeping in mind that Ledger’s decision to postpone the launch of Ledger Recover indicates its willingness to listen to the community and learn from its mistakes.

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