Ledger's Recover Service Brings More People to Secure Self Custody

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Ledger's Recover service splits up private keys into three different encrypted shards sent out from the device to be held separately by three different custodians. Ledger users previously thought that it was impossible for private keys to ever leave their existing Ledger devices, as is this is the point of a hardware wallet after all. But now Ledger has released this firmware update that seems to make this possible in a highly secure, encrypted, and sharded fashion.

Ledger has been the center of attention since the announcement of their new “Recover” feature which has brought into question how secure our Ledger devices actually are.

Charles joins us to walk through how exactly this recover feature functions, breaking down how a Ledger actually functions, and possible paths moving forward.

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------ Topics Covered

0:00 Intro 6:21 Ledger's Recover Service Overview 18:40 Is Ledger Recover Forced or Opt-In? 23:07 Dissecting a Ledger Device 29:41 Can Firmware Reveal Private Keys? 36:54 A Social Contract With Ledger 42:31 Assurance Of No Back Door 51:16 2-Part Firmware Solution? 57:42 Will Ledger Forget About Us? 1:02:46 Closing and Disclaimers

——— Resources:

Charles https://twitter.com/P3b7_

Ledger https://twitter.com/ledger

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