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iancoleman / slip39

A web tool for SLIP39 mnemonic shares
https://iancoleman.io/slip39/
MIT License
54 stars 23 forks source link

Add more explanation and faq #3

Open iancoleman opened 4 years ago

iancoleman commented 4 years ago

Some more info about what the tool does, how it works (eg secure random), etc would be handy to include.

Furunodo commented 4 years ago

Stub:

FAQ

How does it work?

Shamir secret sharing is a way to divide a secret into N number pieces in such a way that you can recover the secret using M (0 < M < N) number of pieces. This is great for securing Bitcoin private keys. Trezor came up with the SLIP39 standard, which is currently only supported in their Model T hardware wallet.

How am I supposed to use this?

Ideally you don't run this on a machine that's connected to the internet.

Are there other implementations of SLIP39? Are they compatible?

How do BIP39 and SLIP39 relate?

More resources?

https://www.youtube.com/watch?v=cRh-NCvHkzM