- Ledger has rolled out a firmware update.
- The update has attracted a lot of flak from the community.
- The wallet provider has pushed back against critics.
Deciding how to store crypto assets can be a difficult decision for many, as each method comes with its disadvantages. However, using hardware wallets, a technique known as cold storage, is often touted as the most secure option by core crypto proponents
This is because hardware wallets have no connection to the internet, unlike other means of storing crypto assets, reducing the risk of hacks. Cold storage methods, nonetheless, are not without their flaws, as these devices can be misplaced and, like other non-custodial methods, users can lose their seed phrases.
One of the most popular hardware wallet providers, Ledger, has attempted to tackle one of these perceived weaknesses but has received significant pushback from the crypto community for potentially…
