Author: Ethan Kosakovsky 2020-03-20 17:34:05
Published on: 2020-03-20T17:34:05+00:00
The author of the email is addressing a problem with using multiple wallets with different levels of security. They cannot use one master seed for all wallets due to concerns about compromising it in certain environments. The author explains that the issue lies with BIP39, which requires separate 12 or 24 word mnemonics for each wallet. This means more complexity in storing backup information and difficulty in adding new geographical locations for backup. The author proposes a solution involving having one BIP39 mnemonic as their "master root key" and creating child BIP39 seeds deterministically from there. This would allow for future-proofing and a simpler backup process.
Updated on: 2023-06-14T00:05:06.061358+00:00