Just a question.
The password-seeding uses a known algorithm like that from elektrum or armory or it is an own schema ?
Thanks.
The default type 3 is my own schema. It goes like this:
seed_key = SHA256(SHA256(password)) /*the master seed*/
for n:=0; n priv_key[n] = SHA256(SHA256(seed_key))
seed_key = append(seed_key, byte(n))
}
Type 1 and 2 are also my own schemas, though they use different algos.