- The service will be released in the fourth quarter of this year
- The company also published a white paper on the update
- Ledger claims, that the service poses no threat to wallets
- But before that, the update was met with a barrage of criticism because of the risk of sensitive data leaks
- And under public pressure, the release of the upgrade was delayed
Ledger CTO Charles Guillemet yesterday, June 21, published the Recovery update white paper, and talked about plans for the near future. As it turns out, the company will still release the update, in Q4 2023.
“What’s the main takeaway from the white paper? Our upcoming Ledger Recovery service, which will launch in Q4 2023, and supported by Coincover, is 100% secure, and you can find out for yourself how it works.”
Also, Ledger’s CTO said the update poses no threat to user wallet security. At the end, he added that he invites developers and even ordinary users to leave their feedback.
In mid-May Ledger introduced the Recovery service.. However, upon closer examination, it turned out that the feature is potentially dangerous for wallets, because 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.