Ethereum: New disputes about the new Ledger Recovery service
The Ethereum community was concerned about the recently announced decision by the famous hardware letter pocket book for cryptocurrency. This argument is essentially revolved around the new Ledger production service, so that consumers can keep their seed phrases and private keys in repository of the third party.
For those who are unknown, the Ethereum ecosystem uses a consensus salgorithm called “Proved” (POS) to ensure the company. As in every decentralized system, however, there is a characteristic risk associated with the storage of information such as seeds and keys. In order to alleviate this risk, Ledger has introduced a new recovery service that promises to save private keys and seed phrases in a safe third part of the parts.
disputes: concern about security and transparency
However, the community is skeptical of this decision and says some concerns about security and transparency:
* Lack of transparency : A main concern is that the new Ledger recovery service does not provide clear information about how your server processes the user data. This lack of transparency raises questions about what happens to the data of the user when something happens.
* Safety risk : The use of repositories in the third participation for unsecured information provides a new security risk, including the potential for hacking or the use of harmful characters.
* Data sovereignty : There were concerns about the right to control their data and to decide who has access to them. Consumers can give up some of their digital assets by protecting private keys in the third premises.
Performance: demands for transparency and security
Since the new Ledger recovery service continues to have disputes, experts demand larger transparency and security measures to ensure that the user’s data is protected.
* Industry standards : Industry leaders have requested stricter data storage and security standards. For example, some say that users have to demonstrate their identity before using sensitive information.
* Supervisory test
: Governments will probably check the decision of the main register, taking into account the privacy and security of the consumer. This can lead to regulatory maintenance or stricter rules for the use of cryptocurrencies.
Ethereum future: Invitation to improve security and transparency
When the debate about the new Ledger restoration service continues, it is clear that the future of Ethereum will depend on how this problem is solved. Experts ask consumers, developers and supervisory authorities to prefer security and transparency, and try to create a safer and more resistant cryptocurrency ecosystem.
In summary, it can be said that the new Ledger recovery service is controversial and the need for larger transparency and security measures in decentralized systems such as Ethereum emphasizes. With further development, it is very important that these problems are solved by industrial standards, maintaining the official preservation and commitment to the creation of a design based by consumers.