Ledger, a leading hardware wallet provider, has launched an offline tool for private key recovery, enabling users to access their crypto wallets without relying on cloud services or personal data. The Ledger Recovery Key allows users of Ledger Flex or Ledger Stax to store private keys on a smart card with NFC connectivity. Unlike the previous Ledger Recover, which used cloud-based storage for recovery phrases, this new tool remains offline and is secured by a PIN. It does not require identity verification or personal information, making it more user-friendly. Users can recover their assets by tapping the smart card and entering their PIN. The Recovery Key connects directly to Ledger devices via secure NFC channels. Built with Secure Element technology, the tool's application code is open-sourced on GitHub and has undergone rigorous security testing. Ledger aims to enhance self-custody usability, allowing users to manage their crypto assets securely while addressing risks associated with key loss or theft. Read more AI-generated news on: https://app.chaingpt.org/news