Quote from: tenant48 on June 08, 2023, 04:13:53 PM

Wrote the following questions to Ledger support:
How will the seed recovery process take place on a new wallet?
Where will the decryption keys be stored and how will they be transferred to the new Ledger?
My request is accepted, it has been assigned id 1138638
If they send an answer, I undertake to publish it here without any changes.

Got this response from Ledger:

I’m not an expert, we have tons of educational materials in the pipeline including a white-paper detailing the multiple layers of encryption employed. Ultimately I don’t want to give you incorrect information, so I encourage you to keep an eye on Ledger academy for more information.

Our CTO also outlines some technical details here.

But personally I'd recommend waiting for the whitepaper, as it will break all of this down clearly, and should be able to answer any questions regarding the encryption, and the nuances of how it operates!

Here is everything related to Ledger Recover from the sent link:

Quote

This number can be put into human readable form (24 words) using BIP-39 standard.
That is your Secret Recovery Phrase.
This is what you write down and should NEVER share with ANYONE, including Ledger.
Ledger does not have access to it, including if you use Ledger Recover.

- If you want to use Ledger Recover, you’ll have to consent on your device for the backup or the recovery process
- It’s the same for staking, interacting with smart contracts, and encrypting data with the OpenPGP app…

You want to use Ledger Recover, your seed will be splitted into 3 shards and encrypted before being stored in shards backup providers.

Of course this doesn't explain much, we'll have to wait for them to prepare more detailed explanations.