Ledger is a prominent manufacturer of hardware wallets in the crypto market. According to the needs of the consumers, they have several different wallet models accessible.
Even though hardware wallets are regarded as one of the safest methods of storing cryptocurrency, a new tool has been made available that may put them in danger.
A new program from Ledger called “Ledger Recover” enables users to subscribe to and back up their private keys.
The technique used by the service involves distributing the user’s seed phrase in three encrypted shards to outside businesses.
The original seed phrase may be recreated using these bits after they have been put back together and decoded.