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