Pascal Gauthier, CEO of Ledger, expressed regret for the company’s “miscommunication” and described the previous week as “humbling experience.”
Ledger, a maker of hardware wallets, has decided to delay the release of Ledger Recover after receiving harsh criticism from the bitcoin community for a week. The choice was made following a Twitter Spaces event on May 23 where more than 13,000 users participated in the conversation.
CEO Acknowledges Miscommunication and Apologizes
Pascal Gauthier, the chairman and CEO of Ledger, expressed regret for any uncertainty during the event and recognized that the organization had made mistakes in its communication.
Gauthier referred to the encounter as humble, and he acknowledged that Ledger had unintentionally surprised some people with the product introduction. He apologized for the misunderstanding and acknowledged the community’s worries.
The business is committed to responding to the comments it has received and recognizes the value of being in line with community standards.
Accelerating plans for open-sourcing codebase
Ledger has chosen to expedite its plans for open-sourcing more of its coding in response to the community’s worries. Gauthier stated that the company would begin by making Ledger Recover and its fundamental operating system components available for public use. Ledger wants to promote community cooperation and trust by making the source more open and transparent.
The dedication of Ledger to open-sourcing is consistent with its overarching aim of promoting greater accountability and openness. The change will enable programmers and security specialists to examine the code, spot flaws, and improve the overall security and integrity of Ledger’s products.
Ledger seeks to raise the caliber and dependability of its services by incorporating community input into the development process.
As part of the accelerated open-sourcing plans, Ledger has decided that the release of Ledger Recover will be dependent on the completion of the open-sourcing work.
This demonstrates the company’s dedication to ensuring that the product meets the highest standards of security and reliability before it becomes available to users.
Ledger recognizes the importance of rebuilding trust and will take the necessary steps to regain the confidence of the community.
In addition, developers would be able to create their own backup provider for the seed phrase shards rather than relying on the one Ledger provides, according to Guillemet.
“This has always been something important for Ledger, but this recent event showed how important it is for the community and this is why we decided to prioritize this open-sourcing process,” he added.