Quote from: Coding Enthusiast on Today at 05:48:56 AM

I think it is best to address all shortcomings of BIP39 when proposing a new algorithm. Version only addresses one of them. I tried to address some more in my rough idea a couple of years ago: https://bitcointalk.org/index.php?topic=5330229.0

Hello, and thank you for your interest!

The primary criticisms of BIP39 that I have encountered include:

The absence of versioning.
The reliance on a fixed wordlist for checksum verification.

Implementing versioning could offer several advantages, such as:

Specifying the derivation path.
Including the wallet's birthdate.
Modifying the Key Derivation Function (KDF).
Enhancing error detection and correction capabilities.
Indicating whether a passphrase is used.
Facilitating improved methods of seed xoring.
And more...

Regrettably, I don't foresee a method to maintain compatibility with legacy software (non-versioned BIP39) while simultaneously eliminating the requirement for a fixed wordlist.
The objective here is not to introduce a new algorithm, but rather to incorporate versioning while remaining consistent with the BIP39 standard.