Ledger publishes white paper on controversial Recover feature

After massive criticism of the Recover feature, Ledger is bowing to community pressure. With the white paper, the hardware wallet manufacturer wants to provide more transparency.

The deadline for Ledger's Recover feature is approaching and so the company has published a whitepaper on Github. According to Ledger CTO Charles Guillemet, the white paper is "an important step for everyone to check cryptographic protocols".

Ledger will be the controversial service expected to launch in the fourth quarter of 2023, Gullimet explained on Twitter. According to the CTO, the most important finding is that Ledger-Revover is "100 percent" secure. By publishing the white paper, the French company aims to create more transparency. After the announcement of the Recover feature, there was a lot of outrage from the crypto community.

In a blog post, Ledger outlined three primary procedures about the new feature, including backing up the seedphrase, restoring to a new device and securely deleting the backups, in addition to the roadmap for the coming months. Following the controversy, many investors switched to competitors. Trezor, for example, saw interim revenue growth of more than 900 percent. Both Ledger and Trezor are among the leading manufacturers of hardware wallets.