Ledger has introduced the Ledger Recovery Key, a new offline tool designed to help users recover their private keys without relying on cloud services or personal information. This physical recovery tool allows users of Ledger Flex or Ledger Stax wallets to store their recovery information on an NFC-enabled smart card. Unlike the previously released Ledger Recover, which involves cloud storage and identity verification, the Recovery Key operates entirely offline and is secured by a personal PIN. Users can easily recover access to their crypto assets by tapping the smart card and entering their PIN. The Recovery Key builds on Ledger's commitment to security with its use of a Secure Element, similar to their wallet technology, and has been internally tested and externally audited for security. Ledger aims to further gather feedback from the community ahead of the tool's launch.

Source 🔗