It’s reported that some individuals saved the seed phrase for wallets together with bitcoin on lastpass. This seems to have allowed attackers to brute drive the encryption and acquire entry to the keys.
My understanding is a seed phrase it designed to be a technique to backup a quantity within the vary 1 – 2^132 that’s immune to transcription errors. This makes it appropriate for a backup technique that includes writing it on a bit of paper. Nonetheless it appears very removed from optimum is one is storing it electronically, the place there isn’t a threat of transcription errors. Particularly it seems to be like a seed phrase if somebody come throughout it, but in addition the inefficiency of information storage makes brute drive assaults a lot simpler. Had these individuals saved the seed as a quantity reasonably than a sequence of phrases it appears probably they could not have misplaced their cash.
Why do individuals retailer the seed phrase electronically reasonably than simply storing the integer?
