Ethereum: Wallet passphrase uniqueness (noob question)

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Ethereum: Palette cooperation – answer to the noob question

As you probably know, creating and managing your own cryptocurrency portfolio is a necessary step in securing assets. I recently set up a new Ethereum portfolio for myself with a mycelium platform. To make sure that my private keys remain safe, I decided to use a unique password as a slogan to create backups.

However, trying to create a Bitcoin portfolio on mycelium, which fits the same configuration, I was surprised that the generated portfolio address and Bitcoin wallet seem to refer to the 11-lover phrase instead of a single word that I chose for the mycelium portfolio. I am curious – what exactly is happening behind the scenes?

understanding of passenger generation

In the Ethereum Walleum, the phrase (also known as the recovery or mnemonic phrase) serves as a unique identifier that allows you to restore the wallet and access funds if needed. When creating a new Bitcoin portfolio on mycelium, it seems that the system generates a password using a complex algorithm based on selected passwords.

Here is a simplified division of the bud generation process:

• Base32 Coding : Passhra is first transformed into a Base64 string.

• Haash and encryption : The coded string is then lavished using the cryptographic abbreviation function (e.g. SHA-256) to obtain a constant exit.

• SOLING and final mixing : random salt value is added to the shortcut, followed by another mixing operation.

twist

Now the situation is becoming interesting. When the mycelium generates a bitcoin portfolio based on the same password, it seems that it uses the entire string coded by Base64 as a single address, without referring to any specific word or phrase. This means that if I try to create a new Bitcoin portfolio with an original password, it will generate a different portfolio address than I chose.

verdict

Although this may seem a slight inconvenience, it is necessary to understand the implication of this behavior. If you choose a unique and improper phrase for your Ethereum portfolio, the process of creating a backup of the mycelium portfolio should produce the expected 12-lone recovery expression (or mnemonic). However, if you use the same password again or use an easy to guess the password, the Bitcoin wallet will be susceptible to unauthorized access.

Recommendations

To avoid this problem in the future:

• Choose a unique and improper phrase for both Ethereum and Bitcoin wallets.

• Use a safe password manager to generate and store recovery phrases (or mnemonics).

• Consider the use of two -component authentication or other additional security measures to protect digital assets.

By taking these precautions, you can ensure long -term safety of cryptocurrency resources.