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I. Introduction Just picture this: You’ve recently delved into the fascinating world of cryptocurrencies. You’ve got some Bitcoin, maybe a little Ethereum, and you’re keeping it all in a shiny new digital wallet. But do you ever wonder where your coins really are? If you think they’re stored in your digital wallet, well, you’re not […]
Introduction – two bestselling hardware wallets compared In the past few years, investing in cryptocurrencies like Bitcoin, Ethereum, and Litecoin has become popular. Many people do this to diversify their portfolios. But as cryptocurrency becomes more popular, theft and fraud become more likely. Cryptocurrency is kept in digital wallets, which can be hacked or otherwise […]
Learn how to secure your Bitcoin recovery phrase Contents What is a seed recovery phrase? Bitcoin and other cryptocurrencies like Ethereum, Dogecoin, Cardano etc. use a system where you can easily recover your wallet. Nowadays it works almost always in BIP39 standard which is much easier than previous solution with private keys. Wallet software generates […]
What is BIP39? With the introduction of BIP39, the whole process of generating and accessing bitcoin and other cryptocurrency wallets was simplified. This was to simplify process of creating recovery seeds for your wallet and restoring it. BIP39 comes from Bitcoin Improvement Proposal no. 39. With BIP39 recovery phrase (also called mnemonic phrase), user can backup and recover […]
Understanding BIP39: Mnemonic Phrases and Secure Cryptocurrency Wallets Introduction Background on BIP39 (Bitcoin Improvement Proposal 39) As the world of cryptocurrency continues to expand, securing digital assets has become a critical concern for users. One of the most important developments in this area is BIP39, or Bitcoin Improvement Proposal 39. Introduced in 2013 by developers […]
