December 2018
Beginner to intermediate
564 pages
17h 34m
English
Content preview from Blockchain Developer's Guide
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Mnemonic codes
These are English words used to represent the random number used to derive the seed in a deterministic wallet. The words act as a password; the words can help in recovering the seed and subsequently the keys derived from it. The mnemonic codes act as a good backup system for the wallet user.
The wallet shows a list of 12 to 24 words when creating a wallet. This sequence of words is used to back up the wallet and recover all the keys in the event of a wallet becoming inaccessible.
Here is the process of generation of mnemonic code and seed as per the BIP0039 standard:
- Initial random Entropy of ENT bits are generated between the allowed size of 128-256 bits.
- Checksum is generated by taking the first few bits of its SHA256 hash. ...
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