Ledger launches a physical key for offline recovery of cryptocurrency wallets: A revolution in security or a step back?
Paris, France – Ledger, a leader in the production of hardware wallets for cryptocurrencies, has announced the release of an innovative physical key that allows for the recovery of access to crypto assets completely offline, without an internet connection. This solution, positioned as a significant improvement in security, has sparked lively discussions in the crypto community regarding its advantages and potential drawbacks.
What is the new physical key from Ledger?
Traditionally, recovering access to a Ledger cryptocurrency wallet occurs using 24 words (seed phrase), which the user writes down and stores in a safe place. In the event of loss or damage to the device, these words allow the wallet to be restored on a new hardware device. However, the process of entering the seed phrase can carry certain risks, especially if it takes place on a device connected to the internet, where there may potentially be spyware or other threats.
The new physical key from Ledger is a specialized hardware device that stores an encrypted version of the seed phrase.#Ledger