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judymcconville@roadrunner.com 2017-04-28 12:38:25 -07:00
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@ -155,7 +155,7 @@ For the first implementation of his web store, Gabriel uses a single bitcoin add
((("brainwallets")))Mnemonic words are often confused with "brainwallets." They are not the same. The primary difference is that a brainwallet consists of words chosen by the user, whereas mnemonic words are created randomly by the wallet and presented to the user. This important difference makes mnemonic words much more secure, because humans are very poor sources of randomness.
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Mnemonic codes are defined in Bitcoin Improvement Proposal 39 (see <<appdxbitcoinimpproposals>>). Note that BIP-39 is one implementation of a mnemonic code standard. Specifically, there is a different standard, with a different set of words, used by the Electrum wallet and predating BIP-39. BIP-39 was proposed by the company behind the Trezor hardware wallet and is incompatible with Electrum's implementation. However, BIP-39 has now achieved broad industry support across dozens of interoperable implementations and should be considered the de-facto industry standard.
Mnemonic codes are defined in Bitcoin Improvement Proposal 39 (see <<appdxbitcoinimpproposals>>). Note that BIP-39 is one implementation of a mnemonic code standard. ((("Electrum wallet")))Specifically, there is a different standard, with a different set of words, used by the Electrum wallet and predating BIP-39. BIP-39 was proposed by the company behind the Trezor hardware wallet and is incompatible with Electrum's implementation. However, BIP-39 has now achieved broad industry support across dozens of interoperable implementations and should be considered the de-facto industry standard.
BIP-39 defines the creation of a mnemonic code and seed, which we describe here in nine steps. For clarity, the process is split in two parts: steps 1 through 6 are shown in <<generating_mnemonic_words>> and steps 7 through 9 are shown in <<mnemonic_to_seed>>.