Last month, the crypto firm Ledger announced the launch of its new optional product Ledger Recover. While the news had caused a wave of criticism, the company had announced the forthcoming launch of a white paper. The objective: to enlighten the community on the ins and outs of the project.
A white paper on the technical operation of Ledger Recover
Ledger formalized the white paper of the Ledger Recover project which had created controversy last month. It was Charles Guillemet, the technical director of the company, who announced the information in a Twitter thread published on Wednesday June 21.
Charles Guillemet gives the reasons for this development previously announced. This is to allow any interested user to see, for themselves, the technical mechanisms of operation of Ledger Recover. This tool is promoted as a way to recover keys to their Ledger wallets in case of loss.
The fundamental ambition, underlines Guillemet, is to work towards the continuous improvement of the transparency of the platform. This, without compromising Ledger’s security mechanisms.
“Today we are releasing the Ledger Recover whitepaper, a key step in enabling anyone to audit cryptographic protocols. This book builds on the more than 150 applications and other open source tools that Ledger has already implemented,” did he declare.
Overall, the whitepaper emphasizes the fundamentals of securing the tool. These relate in particular to end-to-end encryption as well as means of safeguarding privacy. This point had particularly made the crypto community talk when the project was announced a few weeks ago.
The Ledger Recover whitepaper also discusses non-repudiation features. This mechanism means that operations performed with the passphrase cannot be later challenged or denied.
In short, the new product is 100% safe, according to Charles Guillemet. While calling on users to verify the information provided, the manager asks for their comments.
The service, which is both optional and paid, is expected to launch in the fourth quarter of 2023, according to forecasts. The company also plans to release the source code for Ledger Recover by September 2023.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
