It's only 12 English words. If you figure 11 bits/word, that's only 132 bits.
That doesn't seem to be close to enough bits to re-create a lost wallet.
What am I missing here? How does this work?
backupjaxx
It's only 12 English words. If you figure 11 bits/word, that's only 132 bits.
That doesn't seem to be close to enough bits to re-create a lost wallet.
What am I missing here? How does this work?
Best Answer
The passphrase mechanism is accurately described in BIP 39
https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki
How Ethereum keys are derived is described here
https://github.com/ethereum/EIPs/issues/84
These mechanisms are common for Ethereum and other cryptocurrency wallets.