Ledger Unveils Recovery Key for Flex and Stax Wallets
Ledger, a major player in cryptocurrency hardware wallets, has announced the impending launch of its Ledger Recovery Key. Designed as a secure backup solution for Flex and Stax wallets, the product aims to simplify asset recovery while maintaining robust security standards.
The offline spare key integrates with existing 24-word recovery phrases and PIN codes, leveraging NFC technology for direct device communication—eliminating intermediary risks. Users can generate multiple backup keys, with the process remaining entirely optional and controlled by the device owner.
At its Core lies Ledger's proprietary Secure Element technology, with open-source verification available through GitHub and an upcoming whitepaper. Chief Technology Officer Charles Guillemet emphasizes rigorous testing by internal security teams and external auditors, citing positive feedback from industry experts.