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Hardware wallet maker Ledger unveils a physical recovery key
- Ledger has launched an offline Recovery Key for Flex and Stax wallets.
- The recovery key requires no cloud, ID, or internet to recover wallet access.
- Recovery Key complements 24-word phrases and Ledger Recover rather than replacing them.
- The Ledger Recovery Key is an offline physical backup solution for Ledger's newer devices, emphasizing user control, simplicity, and security.
- It serves as a physical spare key enabling wallet access restoration through NFC channels with Ledger Flex and Stax.
- Unlike Ledger Recover, the Recovery Key doesn't require personal data or internet connection, enhancing privacy and security for crypto holders.
- Users can create multiple spare keys, offering customized backup strategies based on their risk profiles.
- Ledger has made the Recovery Key's application code open-source on GitHub and subjected it to internal and external security testing.
- The introduction of the Recovery Key aims to cater to users seeking privacy-focused and managed recovery solutions, alongside Ledger Recover.
- Ledger provides users with a choice between the physical key and the managed service for backup based on their preferences and needs.
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