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pointbiz / bitaddress.org

JavaScript Client-Side Bitcoin Wallet Generator
https://www.bitaddress.org
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How does brainwallet works - can you please explain and then I'll make PR to FAQ. #149

Open stefek99 opened 7 years ago

stefek99 commented 7 years ago

I was searching for "brainwallet" and found #27

Can you please explain how it works?

My theory - deterministic seed (my passphrase) and voila.

Is there any other secret to it?

vv01f commented 7 years ago

no other secret. originally there was simple random numbers for address creation; later that was evolved to seeds that can be used to create multiple addresses. brainwallets are pretty much a way to get those single addresses like the original ones but the random secret is thought of the be memorized better. unfortunately often people are bad in creating a complex enough passphrase that noone else can guess; pretty much the same problem as creating secure password but maybe more costly.