Ledger Recover Fiasco Exposes Gap Between Blockchain Ideals and Technical Reality

Ledger Recover Fiasco Exposes Gap Between Blockchain Ideals and Technical Reality


Blockchain industry executives often say they idealize “decentralization,” “self-sovereignty” and “trustlessness” – espousing a vision for a future internet and financial ecosystem free of rent-seeking intermediaries and unreliable middlemen.

But time and time again, major blockchain companies and projects come up short – with users surprised and angry to realize that they unknowingly placed their trust in shoddy code, centralized entities or security-challenged hardware.

This article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday.

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The latest example comes from Ledger, the Paris-based

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