- The service will be released in the fourth quarter of this year.
- The company also published a “White Paper” updates
- Ledger claims that the service does not pose any threat to wallets
- But before that, the update was met with a flurry of criticism due to the risk of leaking confidential data.
- And under public pressure, the release of the upgrade was postponed
Yesterday, June 21, Ledger CTO Charles Guillemet posted “white paper»Recovery updates, and also talked about plans for the near future. As it turned out, the company will still release an update in Q4 2023.
“What is the main conclusion from the White Paper? Our upcoming Ledger Recovery service, which will be launched in Q4 2023 and backed by Coincover, is 100% secure and you can see for yourself how it works.” — emphasized Guilleme.
CTO Ledger also stated that the update does not pose any threat to the security of users’ wallets. At the end, he added that he invites developers and even ordinary users to leave their feedback.
What’s the matter here?
In mid-May, Ledger introduced the Recovery service. However, upon closer examination, it turned out that the function in the long term is a danger to wallets, since it opens access to the seed phrase. Ledger tried to justify itself by deleting comments and some statements that were “misunderstood” in the community. Then the release of the service was postponed, again under pressure from the audience. But apparently not for long.