Ninjastic
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Board Bitcoin Discussion
Merits 18 from 6 users
Re: Alternative to bip39 : memorizing your seed with the PEG system
by
Charles-Tim
on 28/10/2021, 20:11:13 UTC
⭐ Merited by Welsh (6) ,o_e_l_e_o (4) ,pooya87 (2) ,ETFbitcoin (2) ,vapourminer (2) ,Pmalek (2)
Why using PEG system or something to remember the seed? How is it having good advantage over knowing the seed phrase. With the seed phrase, you can know the seed as seed phrase generated the seed through key stretching function PBKDF2 using HMAC-SHA512. It is not good to memorize anything, complicating the whole thing can still even lead to loss of coins. Best to backup the seed phrase offline, safe from attacks and damage.