We’ve been taking a break for the past two months while working on a website upgrade. Since we did not cover news in that time, we decided to make a series of recap articles covering the last two months, starting with news related Bitcoin Core and going through Lightning Network and its related updates.
Feed for tag: shamirs-secret-sharing
There was a discussion on BIP39 seeds and the probability of getting a valid BIP39 using randomly chosen words, otherwise known as brute forcing. The probability is about 1:256 for 24 words and 1:16 for 12 words. This is meant to change drastically with SLIP 39, proposed last year, SLIP 39 describes a standard implementation of Shamir’s secret-sharing, which splits a secret into unique parts which can be distributed among participants.
The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it. This year’s second edition panelists included major Bitcoin developers like Brian bishop, Matt Corallo and Eric Voskuil, Cryptography specialists like Adam Back and Peter Todd, CEOs like Elizabeth Stark and Eric Lombrozo and many others. Here’s a summary of the two-day panels …
Andrew Kozlik from SatoshiLabs calls the community for feedback on the new specification in SLIP-0039: Shamir’s Secret-Sharing for Mnemonic Codes. This standard aims to replace bip-39 giving extra security when working with mnemonic words for hardware wallet users.