Post
Topic
Board Development & Technical Discussion
Re: Introducing a version field to BIP39 Mnemonic Phrases.
by
LesLie_0300dbdd1b
on 12/01/2024, 07:15:11 UTC
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.