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judymcconville@roadrunner.com 2017-04-28 11:15:33 -07:00
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@ -795,7 +795,7 @@ Paper wallets can be generated easily using a tool such as the client-side JavaS
.An example of a simple paper wallet from bitaddress.org
image::images/mbc2_0408.png[]
The disadvantage of the simple paper wallet system is that the printed keys are vulnerable to theft. A thief who is able to gain access to the paper can either steal it or photograph the keys and take control of the bitcoin locked with those keys. A more sophisticated paper wallet storage system uses BIP-38 encrypted private keys. The keys printed on the paper wallet are protected by a passphrase that the owner has memorized. Without the passphrase, the encrypted keys are useless. Yet, they still are superior to a passphrase-protected wallet because the keys have never been online and must be physically retrieved from a safe or other physically secured storage. <<paper_wallet_encrypted>> shows a paper wallet with an encrypted private key (BIP-38) created on the bitaddress.org site.
((("bitcoin improvement proposals", "Encrypted Private Keys (BIP38)")))The disadvantage of the simple paper wallet system is that the printed keys are vulnerable to theft. A thief who is able to gain access to the paper can either steal it or photograph the keys and take control of the bitcoin locked with those keys. A more sophisticated paper wallet storage system uses BIP-38 encrypted private keys. The keys printed on the paper wallet are protected by a passphrase that the owner has memorized. Without the passphrase, the encrypted keys are useless. Yet, they still are superior to a passphrase-protected wallet because the keys have never been online and must be physically retrieved from a safe or other physically secured storage. <<paper_wallet_encrypted>> shows a paper wallet with an encrypted private key (BIP-38) created on the bitaddress.org site.
[[paper_wallet_encrypted]]
.An example of an encrypted paper wallet from bitaddress.org. The passphrase is "test."