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Edited ch05_wallets.adoc with Atlas code editor

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claylock 2023-10-27 13:02:37 +00:00
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ch05_wallets.adoc
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@ -1029,12 +1029,16 @@ It's important to note that the use of a passphrase also introduces the risk of
* If the wallet owner is incapacitated or dead and no one else knows the passphrase, the seed is useless and all the funds stored in the wallet are lost forever.
* Conversely, if the owner backs up the passphrase in the same place as the seed, it defeats the purpose of a second factor.
* Conversely, if the owner backs up the passphrase in the same place as the seed, it defeats the purpose of a second((("wallets", "recovery codes", startref="wallet-recovery-bip39")))((("recovery codes", startref="recovery-code-bip39")))((("BIP39 recovery codes", startref="bip39-recovery")))((("wallets", "recovery codes", "passphrases", startref="wallet-recovery-bip39-passphrase")))((("recovery codes", "passphrases", startref="recovery-code-bip39-passphrase")))((("BIP39 recovery codes", "passphrases", startref="bip39-recovery-passphrase")))((("passphrases (for recovery codes)", startref="passphrase-optional"))) factor.
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<p class="fix_tracking2">
While passphrases are very useful, they should only be used in
combination with a carefully planned process for backup and recovery,
considering the possibility of surviving the owner and allowing his or
her family to recover the cryptocurrency((("wallets", "recovery codes", startref="wallet-recovery-bip39")))((("recovery codes", startref="recovery-code-bip39")))((("BIP39 recovery codes", startref="bip39-recovery")))((("wallets", "recovery codes", "passphrases", startref="wallet-recovery-bip39-passphrase")))((("recovery codes", "passphrases", startref="recovery-code-bip39-passphrase")))((("BIP39 recovery codes", "passphrases", startref="bip39-recovery-passphrase")))((("passphrases (for recovery codes)", startref="passphrase-optional"))) estate.
her family to recover the cryptocurrency estate.
</p>
++++
[[hd_wallet_details]]
==== Creating an HD Wallet from the Seed