Over the past few months, well known hardware wallet manufacturers have been swamped with sales during and after the holiday season. Hardware wallet deliveries have been backed up and some people have had to wait weeks to get direct shipping from source manufacturers. The company headquartered in France says that the hardware protocol used in its products uses a "Decentralized wallet system." Much like Trezor, the Ledger Wallet generates private keys during the initialization process and the keys are then stored on a secure ship within the confines of the products shell. This means if you lose your hardware wallet or the device gets damaged or stolen the seed phrase can be used to access the cryptocurrencies held on the device.