Ledger delays plans for controversial recover service and announces open source roadmap

Ledger delays plans for controversial recover service and announces open source roadmap

The crypto hardware wallet provider Ledger will postpone his plans to introduce his service to restore private keys after he had received violent counter-reactions last week.

The controversy that generally raised questions about the security and trustworthiness of Ledger devices, the company inspired to speed up its open source roadmap.

ledger sorry

Pascal Gauthier, CEO von Ledger, initially published a public apology letter for the way in which Ledger's "Recover" service was originally communicated to the public.

"Our unintentional communication error surprised everyone and affected the ability of our customers to understand Ledger Recover carefully," said Gauthier. "We never intended to surprise them."

Ledger Recover was announced last week and is an upcoming paid subscription service for Ledger Nano on a technical level.

The service was wide-ranging criticizes for the disclosure that ledger could possibly steal the private keys from their devices with a malignant firmware update. The concerns grew later this week when Ledger Support claims (in a tweet that has now been deleted) that customers have always "trusted" not to publish such malcode "whether they knew or not".

in a podcast sequence of what bitcoin has done Style = "Font-Weight: 400"> As Gauthier published on Monday, he also explained that Ledger's depot banks could be forced to lose a customer's private key fragments if they were asked by a government.

Pascal Gauthier, CEO from Ledger, explains that Ledger Recover would give the state the opportunity to restore their data #bitcoin Private key in the event of a summons. pic.twitter.com/kwaxcgtmqr

-The ₿itcoin therapist (@Thebtct therapist) 22. May 2023

Ledger continues to plan to bring out a "clarified version" of Ledger Recover in the future, which will answer most of the "sticking points" expressed by the community.

"The main concerns you expressed concern transparency, censor resistance and security," said Gauthier. "I think we did a good job to clear all your concerns."

The open source roadmap

ledger-cto charles guillemet In detail How the company would in future publish more as an open source as an obligation to make maximum transparency. "Open Source" code refers to code, which is publicly visible and verifiable.

The company recently provided its cryptographic library as an open source solution and will shortly publish its white paper "Ledger Recover", which enables everyone to "check the cryptography protocols and enable people to make their own Shard Backup providers to build ".

Ledger plans to provide the majority of its operating system "step-by-step" as an open source, but due to IP agreements with the manufacturers of his smartcard chips that ward off enemy attacks by physical access to the device, still not fully published as an open source.

"Open Sourcing has always been the focus of our roadmap, and the latest events underline the importance of accelerating our initiative to make everything we do with Ledger," concluded the CTO.

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