• Ledger has pledged to accelerate their open-sourcing roadmap and delay the launch of its private key recovery service after criticism from the crypto community.
• Ledger CEO Pascal Gauthier has addressed privacy and data protection concerns raised surrounding Ledger Recover in a series of media appearances.
• Ledger is prepared to make changes to its approach in order to serve the crypto community better.
Ledger’s Plans for Open Source Code
Hardware crypto wallet provider Ledger has announced plans to accelerate their open-sourcing roadmap and delay the launch of its private key recovery service after criticism from the crypto community. The French wallet-maker said that part of its code would be made open-source, as well as additional security protections being added. This follows criticism from the crypto community regarding privacy and data protection concerns surrounding Ledger Recover.
Ledger CEO Pascal Gauthier Addresses Concerns
In order to address these concerns, Ledger CEO and Chairman Pascal Gauthier has appeared in several media appearances, most recently on CoinDesk TV Wednesday morning. During this appearance, he stated that “Everybody is very sad at Ledger when you yell at us. But it’s okay because we get better and we will always strive to be good servants of the community” Additionally, during a Twitter Spaces session on Tuesday afternoon, he addressed further questions about how they plan on making changes with their approach in order to serve the crypto community better.
Criticism Faced by Ledger
The controversy arose around their new seed-recovery service which received negative feedback from members of the cryptocurrency world who feared that it would compromise user data privacy if implemented. As a result, they have decided to delay rolling out this feature until they can make sure that it meets all data protection standards set forth by them or any relevant regulatory bodies.
Changes Moving Forward
Going forward, Ledger plans on continuing their work towards ensuring that any new features meet all required safety and security protocols while maintaining user data privacy at all times. In addition, they are also working towards making more parts of their code open source so users can have more control over what happens with their funds stored in digital wallets through them or any other provider for that matter.
Hardware wallet provider Ledger faced backlash over its planned seed recovery service for compromising user data privacy; however, following criticism from the crypto world they have decided to delay rolling out this feature until further notice while accelerating their open-sourcing roadmap and adding additional security measures for protecting user funds/data stored through them or other providers.