Ledger Reveals Recovery Key for Flex and Stax Wallets
0Ledger
Security
Ledger Recovery Key is not a hardware wallet - it can't be used to manage assets or sign transactions. It's an offline spare key that enables users to recover access to their funds,
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Sead Fadilpašić
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Sead Fadilpašić
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Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...
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Major crypto wallet maker Ledger has announced that its latest product, Ledger Recovery Key, is “coming soon.”
According to the press release, this is a spare key for Ledger Flex and Ledger Stax wallets. It’s designed to make recovering access to assets simple, the team says.
Users will be able to create an offline spare key alongside their 24 words, as well as the PIN code for it. The key connects directly to the Ledger device via NFC communication, with no intermediary. To recover access, they will tap the card and enter the PIN.
“There is no limit to the number of spare keys that can be created,” the announcement says. “Creating a spare key is always optional, and can only be created by you with confirmation on your Ledger.”
Moreover, the novel product features a Secure Element at its core, the technology behind Ledger’s security.
Also, anyone can review the Ledger Recovery Key code. A whitepaper will be available upon launch, while info is available on the Ledger GitHub.
Charles Guillemet, Chief...
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