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It’s reported that some folks saved the seed phrase for wallets together with bitcoin on lastpass. This seems to have allowed attackers to brute pressure the encryption and achieve entry to the keys.
My understanding is a seed phrase it designed to be a solution to backup a quantity within the vary 1 – 2^132 that’s immune to transcription errors. This makes it appropriate for a backup technique that includes writing it on a bit of paper. Nonetheless it appears very removed from optimum is one is storing it electronically, the place there isn’t a danger of transcription errors. Specifically it appears like a seed phrase if somebody come throughout it, but in addition the inefficiency of knowledge storage makes brute pressure assaults a lot simpler. Had these folks saved the seed as a quantity moderately than a sequence of phrases it appears seemingly they might not have misplaced their cash.
Why do folks retailer the seed phrase electronically moderately than simply storing the integer?
requested 20 hours in the past
Maybe as a result of transcription errors are at all times attainable in case you are unwilling to belief an insecure community or insecure system to maneuver the seed from, say, a safe offline system to a unique place that’s acceptably secure from hearth, theft or unintended loss.
answered 17 hours in the past
