BitPLATES - Bitcoin Backup on Nostr: Why split Bitcoin backup 24 seed words into two parts (words 1-12 + 13-24), & store ...
Why split Bitcoin backup 24 seed words into two parts (words 1-12 + 13-24), & store in separate locations?
This eliminates the risk of catastrophic loss that could occur if all 24 words are kept together.
24 seed words = 256-bit security
12 seed words = 128-bit security
or...
Using seed words + passphrase, offers superior two-factor security than just splitting seed words.
The advantage is that each separated part can also open valid Bitcoin wallets (with a few sacrificial sats), hiding the very existence of hidden wallets.
https://www.bitplates.com/bip39-passphrase Published at
2023-03-25 21:36:34Event JSON
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"pubkey": "6f44f5f19410622a13087b3e5c826e617061103d9daff31c09b3f6c1dcdeabd5",
"created_at": 1679780194,
"kind": 1,
"tags": [],
"content": "Why split Bitcoin backup 24 seed words into two parts (words 1-12 + 13-24), \u0026 store in separate locations?\n\nThis eliminates the risk of catastrophic loss that could occur if all 24 words are kept together.\n\n24 seed words = 256-bit security\n12 seed words = 128-bit security\n\nor...\n\nUsing seed words + passphrase, offers superior two-factor security than just splitting seed words.\n\nThe advantage is that each separated part can also open valid Bitcoin wallets (with a few sacrificial sats), hiding the very existence of hidden wallets.\n\nhttps://www.bitplates.com/bip39-passphrase ",
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}