Bitcoin Wallet
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Electrum is a deterministic wallet where all bitcoin private keys are derived from a single seed. It also means that should the dictionary definition electrum wallet be compromised all your bitcoins can be stolen.
Electrum generates a random seed for a new wallet when you first run it. Key stretching is a computationally intensive process that is used for two main reasons:. For a legitimate user the time it takes to do key stretching is negligible but for an attacker that is trying to brute force keys it can be prohibitive. Human beings are not a good source of randomness which is why the Electrum seed is computer generated.
However, Electrum allows you to enter your own human generated seed if you want to. Key stretching is used to make such seeds harder to attack. To make the Electrum seed more human friendly it is represented as a mnemonic. A common question is whether this is safe? This is safe because the seed itself is a randomly generated bit number. Dictionary definition electrum wallet dictionary is found in mnemonic.
Just about any hexadecimal number can be an Electrum seed. A safe way to generate a custom electrum seed is using openssl:. The above dictionary definition electrum wallet will spit out a random bit number. To use this as your electrum seed you will need to create a new wallet.
You can do this using the command line:. If you choose this latter route you will be shown a file dialog box and you have to navigate to a suitable location on your file system dictionary definition electrum wallet enter a suitable wallet file name.
Choose to restore from seed and enter your hexadecimal seed in the next dialog box to create your wallet. You can use any size seed you want but there is a caveat. You can still use the soft copy wallet file because that contains the seed version.
But not the bare seed. It will also allow you to use arbitrary size seeds although the process of doing so is going to be more complicated.
Skip to main content. Seed Dictionary definition electrum wallet Electrum generates a random seed for a new wallet when dictionary definition electrum wallet first run it. Key stretching is a computationally intensive process that is used for two main reasons: Current versions of electrum run the seed through SHA atimes: Bitcoin Price Calculators Added. Why Bitcoin matters to Pakistan.
