Following an intense week of criticism from the crypto community, hardware wallet manufacturer Ledger has postponed the launch of Ledger Recover.
Ledger chairman and CEO Pascal Gauthier remarked in a May 23 Twitter Spaces attended by over 13,000 individuals that it had been a “humbling experience” and a hard lesson in communication:
In response to concerns, Gauthier claimed that the company will accelerate its efforts to open-source more of its technology, beginning with essential components of its operating system and Ledger Recover, which he stated “won’t be released until this work is complete.”
According to Charles Guillemet, CTO of Ledger, a whitepaper of the Recover Protocol will become open source in the coming days, along with technical blog entries to “explain the principles of Recover” and more thorough explanations of how the process works.
“Every single cryptography and security expert will be able to look at the protocol and get more guarantees and understand how it works very easily and clearly.”
Guillemet added that this would also allow developers to create their own backup provider for seed phrase shards rather than relying on Ledger’s.
