Understanding this won’t make me stronger right away, but it could help me avoid one basic mistake.
Today’s topic: Passphrases for mnemonic phrases
According to BIP-39, a wallet seed is generated from a mnemonic phrase and an additional passphrase using 2048 rounds of PBKDF2, resulting in 512 bits.
If you’re not confident you can manage two backups properly, an additional passphrase can actually increase the risk of losing your coins, so think carefully about whether to use one.
Looking at the market screen: $BTC is quoted at 73776, down 1% over 24 hours.
#BTC
I’m just sharing my opinion; this is not investment advice.
Today’s topic: Passphrases for mnemonic phrases
According to BIP-39, a wallet seed is generated from a mnemonic phrase and an additional passphrase using 2048 rounds of PBKDF2, resulting in 512 bits.
If you’re not confident you can manage two backups properly, an additional passphrase can actually increase the risk of losing your coins, so think carefully about whether to use one.
Looking at the market screen: $BTC is quoted at 73776, down 1% over 24 hours.
#BTC
I’m just sharing my opinion; this is not investment advice.
