The Ledger Recovery Key is a physical backup card that lets you keep a copy of your master secret (which is derived from your Secret Recovery Phrase) from your NFC-compatible Ledger Hardware Wallet.
We are not advertising Ledger. We are simply writing this article to share information about a new form of security for your Wallet.
Understanding about Ledger Recovery Key
It is a backup card that’s protected by a PIN and safely holds a copy of your 24-word Secret Recovery Phrase. It has a built-in Secure Element chip that runs on an operating system, and both are certified for security. It works with Ledger devices that support NFC. Keep in mind, It is meant to complement, not replace, the traditional Recovery Sheet, which is still the preferred backup method.
How It Works
It feature works locally between the Ledger Hardware Wallet and the product using NFC. There are use cases you can read below.
- Backup: From the Wallet to the Card.
- Restore: From the card to the Wallet.
- Manage: From the wallet’s interface.
Conclusion
To wrap it up, as highlighted in this document, Ledger utilizes top-notch and certified secure storage along with robust cryptographic protocols to guarantee that the Ledger Recovery Key product is delivered with complete security.