đź’ŠChancellor on brink of third bailout for banks
La privacy è il potere di rivelarsi selettivamente al mondo.💊
đź’Š Entropy to Mnemonic
add a checksum to our entropy to help detect errors (making the final sentence more user-friendly). This checksum is created by hashing the entropy through SHA256, which gives us a unique fingerprint for our entropy. We then take 1 bit of that hash for every 32 bits of entropy, and add it to the end of our entropy.
Entropy + CheckSum
Next we split this in to groups of 11 bits, convert these to decimal numbers, and use those numbers to select the corresponding words.
(BIP39 Wordlist The words in a mnemonic sentence come from a fixed list of 2048 words - specified by BIP39 -. The first 4 letters of each word is unique in the list)
I have tried both selling and buying , it works well even though there is little liquidity . I am telling you about last week, It was beta versione...
Messy pills
HD Wallets - Mnemonic Seed (BIP 39 standard)
From Entropy to Seed
1. Generate Entropy
2. Entropy to Mnemonic
3. Mnemonic to Seed
To create a mnemonic you first of all need to generate entropy, which is our source of randomness.
You can think of entropy is being a very large random number that nobody has ever generated before, or will ever generate in the future. It’s also best to think of this number as a series of bits (e.g. 10011010010001...), which is how computers store numbers.
(The entropy we generate must be a multiple of 32 bits, as that will allow us to split the entropy up in to even chunks and convert to words later on. Furthermore, the entropy should be between 128 and 256 bits, as that’s enough to make it impossible for two people to generate the same entropy)
Entropy: 11111011100010110101111111111001101010001001101110000010010100010110101011011111100000101111000100101101100010111100101101111101 đź’Š
Messy pills
HD Wallets - Mnemonic Seed (BIP 39 standard)
A mnemonic sentence (“mnemonic code”, “seed phrase”, “seed words”) is a way of representing a large randomly-generated number as a sequence of words, making it easier for humans to store.
These words are then used to create a seed, which can be used for generating extended keys in a hierarchical deterministic wallet.💊🗝️
Bitcoin is stored on the blockchain.
Miners don’t validate tx nodes do. Miners just choose to include them or not in the next block.
There will be slightly less than 21M due to the math.
You pay a fee as an incentive to be included in the next block
Non ho mai consigliato video o contenuti particolari di divulgatori Bitcoin, ma questo episodio di Bitcoin Italia Podcast sulla chiusura di The rock trading, merita!, mi ha proprio colpito emotivamente....
Il protocollo Bitcoin è talmente bello e complesso che non può che essere frutto di un lavoro di gruppo.... ma possono rimanere anonimi tutti i componenti del gruppo per così tanto tempo ? Satoshi Nakamoto ....
