Post
Topic
Board Development & Technical Discussion
Re: Proposal: Base58 encoded HD Wallet root key with optional encryption
by
gmaxwell
on 24/04/2014, 23:08:59 UTC
The two 16-bit hashes is fine by me. It would remove a bit of functionality, but 99% of use cases probably just want two passwords.
If you really want more than two, you could search for either a seed or set of passwords (if the seed is fixed by prior use, since password searching is strictly slower) resulting in check value sharing.

I'm not sure how valuable the blockchain scan is, since what you'd do there is extract all addresses seen in the blockchain into a bloom filter ... one which fits in L3 cache can have a low enough false positive rate to be effective.