Re: [bitcoin-dev] BIP proposal: derived mnemonics

On Wed, Jul 27, 2016 at 10:39 AM, Jochen Hoenicke via bitcoin-dev wrote: > Jonas Schnelli via bitcoin-dev > schrieb am Di., 26. Juli 2016 um 22:10 Uhr: >> >> Side-note: Bip39 does still use PBKDF2 with 2048 iterations

Re: [bitcoin-dev] BIP proposal: derived mnemonics

> But what are the alternatives? Put an expensive processor and a decent > amount of memory in every hardware wallet to support scrypt? Use a > million iterations and just wait 10 minutes after entering you > passphrase? Or compute the secret key on your online computer instead? What the

Re: [bitcoin-dev] BIP proposal: derived mnemonics

Jonas Schnelli via bitcoin-dev schrieb am Di., 26. Juli 2016 um 22:10 Uhr: > Side-note: Bip39 does still use PBKDF2 with 2048 iterations which I > personally consider "not enough" to protect a serious amount of funds. > > But what are the alternatives? Put

Re: [bitcoin-dev] BIP proposal: derived mnemonics

Hi > ==Generating the master mnemonic== > > The master mnemonic is first derived as a standard mnemonic as described > in BIP39. > ==From master mnemonic to derived mnemonics== > > From the master mnemonic a new string is created: > > string = MasterMnemonic + " " + Count + " " + Strength;