Jamie Crawley is a CoinDesk news reporter based in London.
Wallet maker Ledger's"Recover" option is now live, prompting a fresh swath of criticism from some unimpressed crypto users.
Seed phrases are a random string of 12 or 24 words that a user must remember should he or she need to regain access to a crypto wallet, meaning the digital assets therein would be unrecoverable should the user forget these words or lose their written record of them.. Recover involves users' private keys being encrypted, duplicated and divided into three pieces that are held with three different parties: Ledger, crypto security firm Coincover and an independent backup service provider.
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