Post
Topic
Board Bitcoin Discussion
Re: What has been the most memorable Bitcoin upgrade to date?
by
bitmover
on 17/02/2020, 13:12:28 UTC
On the top of my head, probably BIP39[1]. It's the reason why we can use mnemonic phrase backups(those 12-24 word backups that are always recommended that you store offline) with our SPV[2] wallets like Electrum today.


[1] https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki
[2] https://en.bitcoinwiki.org/wiki/Simplified_Payment_Verification

I agree. I was going to say exactly that.

Deterministic wallets certainly were a game changer here.

Imagine having to save each private key separately? I have dozens of addresses,  I would go crazy

It is even bad for security and privacy, as we would have an incentive to reuse addresses to avoid saving more private keys.