Ledger, a renowned hardware wallet producer, has sparked controversy within the Bitcoin community with its new feature called Ledger Recovery. This feature, which allows the seedphrase, or secret security key for one's cryptocurrencies, to be split into three parts and stored encrypted in a cloud, has incensed crypto enthusiasts.

Upon activating Ledger Recovery, users violate one of the core principles of the Bitcoin space: never give away your private keys. Moreover, another cherished aspect, privacy, is compromised, as users must prove their identity to activate Ledger Recovery, as explained on the company's website.

However, Ledger's CEO, Pascal Gauthier, explains via a series of tweets that the service is optional and is meant to make Ledger more accessible to the masses, projecting 100 million future users. Despite causing discontent among Bitcoin enthusiasts, Ledger Recovery seems to be an attempt at simplifying entry into the Bitcoin world.

Here are some hard facts about Ledger Recovery:

1. The feature is optional, and nobody is required to use Ledger Recovery.
2. It costs $9.99 per month.
3. According to Ledger, all three companies storing the parts of the seedphrase have their own robust security measures. An attack compromising only one of them would be futile.
4. Unlocking Ledger Recovery requires unique personal characteristics that change randomly with each query, making them nearly impossible to fake.

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