CryptoMediaClub
Tuesday, October 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

Cardano Founder Puts Forth His View on Ledger Controversy

19.05.2023
A A
0
130
VIEWS
ShareShare

Cardano Founder Puts Forth His View on Ledger Controversy

  • Hoskinson highlighted the value of regularly audited open-source software.
  • The founder recommended decentralizing the update process to increase overall security.

The well-known founder of Cardano, Charles Hoskinson, has spoken out in the midst of the heated debate surrounding Ledger, a prominent hardware wallet manufacturer. And its controversial firmware update, which offers a feature allowing users to back up their seed phrases by sending encrypted key fragments to third-party firms.

Hoskinson has provided insightful commentary on the recent debate surrounding Ledger’s latest firmware upgrade. Tweeting about the importance of trust and security in the hardware wallet business and providing essential concepts for improving both.

Higher Level of Security

In his briefing, Hoskinson highlighted the value of regularly audited open-source software. Hoskinson thinks that by using audited software, end users may take advantage of the openness and community inspection that lead to strong security protocols.

Hoskinson has also emphasized the importance of simplicity. Noting that a system’s security may be improved by making it as small and straightforward as possible. Hardware wallet security may be improved by making them more compact in design.

When organizations make specific security pledges, the 35-year-old entrepreneur said, non-updateable firmware becomes critical.

He used Yubikey to illustrate a device that adheres to this idea by emphasizing the need for immutable firmware in maintaining its security architecture. Hoskinson recommended decentralizing the update process to increase overall security, which might be difficult to do in the crypto realm.

Hoskinson emphasized that customers buy hardware wallets to increase the safety of their funds. Not because they want to use them every day or because they want an experience on par with hot wallets. This is because private keys may be stored in an unalterable location inside a hardware wallet. Thus, providing a higher level of security.

Share10Tweet6ShareSharePin2

Related Posts

Solana gains 80% in a month as Firedancer goes live on testnet
Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
0

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the...

Read moreDetails
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Load More
Next Post
Paraspace NFT Protocol’s $5.4M Controversy Takes an Exit Turn

Paraspace NFT Protocol’s $5.4M Controversy Takes an Exit Turn

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny

Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny

2 years ago
APT Miner Launches App to Help Investors Automatically Mine XRP

APT Miner Launches App to Help Investors Automatically Mine XRP

2 months ago
HARIBO Token Skyrockets 11,000%, Leading a Meme Coin Resurgence as a Rival Coin Nabs $9 Million

HARIBO Token Skyrockets 11,000%, Leading a Meme Coin Resurgence as a Rival Coin Nabs $9 Million

2 years ago

OpenAI Boss Sam Altman to Raise $100M for Worldcoin Crypto Project: FT

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Former SBF Jailmate Sean ‘Diddy’ Combs Release Date Unveiled

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

Crypto’s week ahead: Everything you need to know to close out October

DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

[LIVE] Altcoin Season Price Watch, October 27 – Trending Altcoins Lag as Liquidity Clings to BTC

Trending

[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K
All news

[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K

28.10.2025
0

Cryptocurrency sectors saw a broad decline over the past 24 hours, with Layer 2 tokens leading losses...

China’s DeepSeek AI Predicts the Price of SOL, XRP, BNB by the End of October 2025

China’s DeepSeek AI Predicts the Price of SOL, XRP, BNB by the End of October 2025

28.10.2025
Bullish Crypto to Buy Today, October 27 – Pi, XRP, Virtuals

Bullish Crypto to Buy Today, October 27 – Pi, XRP, Virtuals

28.10.2025
Former SBF Jailmate Sean ‘Diddy’ Combs Release Date Unveiled

Former SBF Jailmate Sean ‘Diddy’ Combs Release Date Unveiled

28.10.2025
ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz