Can I use a 12 word seed extension and store it separately? by
on
15/06/2021, 18:07:07 UTC - If I use Electrum to generate a 12 word seed, and then generate a new wallet with a different seed, can I use the first 12 words as the seed extension for the new wallet? Would this effectively double my entropy?
- Can I store the 12 word seed and the 12 word seed extension in two different places safely?
- Are there any major flaws in this method?
- Would using a multisig wallet be better?