The recent controversy surrounding Ledger’s new “Recover” function has set off concerns among crypto users .This function, which encrypts and sends the seed to three different companies for reassurance has raised questions about the security of the cryptographic seed .
Understanding the Risks: Ledger vs .Trezor
It’s important to notice the differences between Ledger and Trezor when evaluating risks .Ledger utilizes a chip called the “Secure Element” that enhances cryptographic security but prevents a complete audit of the devices operation .On the other hand Trezor devices provide full transparency by publishing all information about their firmware and hardware .So, each approach carries its own set of risks.
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