3min chapter

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What’s Next for Wallets After Ledger Recover Outrage? - Ep. 502

Unchained

CHAPTER

The Different Problems With Crypto Wallet Security

The problem of security in crypto wallet is a deep problem unsolved to this day. The reason is because it's really, really hard to protect the seed phrase. You have to trust the system that you are putting your coins into when with ledger people have finally realized that they had to trust ledger at some point. And then you have to delegate some kind of trust up to which level and then the alternative is do you trust yourself? That happens to be a very complicated problem.

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