Re: Who pays to create a wallet and store wallet on blockchain?

Quote from: steelhouse on January 09, 2017, 03:32:30 AM

How many bytes is a typical private key? If does not seem like enough. The seed is rather small compared to a typical bitcoin private key. The vowels can also be eliminated. I think I will keep regular client.

the seed created by Electrum has 128 bits of entropy which is as safe as private keys.
you can read more about seeds: http://docs.electrum.org/en/latest/seedphrase.html
BIP39: https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki
also read these two (they explain it well enough):
https://bitcointalk.org/index.php?topic=1606740.msg16154287#msg16154287
https://bitcointalk.org/index.php?topic=1623339.msg16319650#msg16319650

Quote from: ranochigo on January 09, 2017, 04:00:32 AM

A typical private key is 33bytes, IIRC.

according to wiki if i understand it correctly it is 32 bytes (256 bits) and in some wallets can be between 128 and 512 bits