Each week Doug Hoyes talks to industry experts about debt, money, and personal finance. Don't be confused; listen as the guest experts cut through the jargon and share practical advice.
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Content provided by Van Wirdum Sjorsnado. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Van Wirdum Sjorsnado or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Similar to Bitcoin Explained - The Technical Side of Bitcoin
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Episode 64: HD Wallets, Mnemonic Codes and SeedQR
Manage episode 341443676 series 2860967
Content provided by Van Wirdum Sjorsnado. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Van Wirdum Sjorsnado or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In this episode of Bitcoin, Explained, hosts Aaron van Wirdum and Sjors Provoost discuss Hierarchical Deterministic (HD) Wallets, mnemonic codes, and — especially — the new SeedQR format which allows users to store their mnemonic codes as QR codes.
Aaron and Sjors start the episode by recapping what HD Wallets (also known as private key seeds) are, and why they are preferred over regular private key backups. Next, they briefly explain why mnemonic codes (also known as seed phrases) are a popular solution for encoding and storing private key seeds.
The Bitcoin, Explained hosts then go on to discuss SeedQR. SeedQR is a new format that allows Bitcoin users to encode and store their mnemonic code as a QR code. This means that mnemonic codes can be stored in a computer-readable format; any compatible device (like a hardware wallet with a camera) should be able to scan the QR code, and import all associated private keys.
This could be useful for backups. but it could also be used so that wallets (including hardware wallets, but also mobile or desktop wallets) no longer have to store private keys at all. The QR code could be scanned when the wallet is used to send a transaction, after which the private keys could be forgotten by the device altogether. (SeedSigner is an open source, do-it-yourself hardware wallet that does exactly this.)
Finally, Sjors goes over some of the intricacies of formatting a seed phrase to fit in a compact QR code, and some of the efficiency gains SeedQR uses to accomplish this.
Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount!
https://b.tc/conference/2023
Use promocode: BMLIVE for 10% off everything in our store!
https://store.bitcoinmagazine.com/
#BitcoinExplained #BitcoinPrice #BitcoinCore #BitcoinMagazine #journalism #bitcoinnews
97 episodes
Share
Manage episode 341443676 series 2860967
Content provided by Van Wirdum Sjorsnado. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Van Wirdum Sjorsnado or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In this episode of Bitcoin, Explained, hosts Aaron van Wirdum and Sjors Provoost discuss Hierarchical Deterministic (HD) Wallets, mnemonic codes, and — especially — the new SeedQR format which allows users to store their mnemonic codes as QR codes.
Aaron and Sjors start the episode by recapping what HD Wallets (also known as private key seeds) are, and why they are preferred over regular private key backups. Next, they briefly explain why mnemonic codes (also known as seed phrases) are a popular solution for encoding and storing private key seeds.
The Bitcoin, Explained hosts then go on to discuss SeedQR. SeedQR is a new format that allows Bitcoin users to encode and store their mnemonic code as a QR code. This means that mnemonic codes can be stored in a computer-readable format; any compatible device (like a hardware wallet with a camera) should be able to scan the QR code, and import all associated private keys.
This could be useful for backups. but it could also be used so that wallets (including hardware wallets, but also mobile or desktop wallets) no longer have to store private keys at all. The QR code could be scanned when the wallet is used to send a transaction, after which the private keys could be forgotten by the device altogether. (SeedSigner is an open source, do-it-yourself hardware wallet that does exactly this.)
Finally, Sjors goes over some of the intricacies of formatting a seed phrase to fit in a compact QR code, and some of the efficiency gains SeedQR uses to accomplish this.
Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount!
https://b.tc/conference/2023
Use promocode: BMLIVE for 10% off everything in our store!
https://store.bitcoinmagazine.com/
#BitcoinExplained #BitcoinPrice #BitcoinCore #BitcoinMagazine #journalism #bitcoinnews
97 episodes
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Similar to Bitcoin Explained - The Technical Side of Bitcoin
Each week Doug Hoyes talks to industry experts about debt, money, and personal finance. Don't be confused; listen as the guest experts cut through the jargon and share practical advice.
…
continue reading
The show that helps you maximize your wealth by turning complex financial situations into actionable advice. On Your Money. Your Mission., we answer the questions you’ve been asking about -- financial planning, investing, retirement and everything in between. Whether you’re navigating the complexities of the market or looking for the best ways to save or spend your money, tune in to hear from experienced financial advisors with JFG. Walk away from each episode with savvy tips and financial t ...
…
continue reading
Capitalmind looks at stocks, bonds, funds and the macro to bring you their view on the Indian financial markets. We discuss all things related to investing at our focussed podcast that keeps it simple. For more, go to capitalmind.in and to invest with us, visit capitalmindwealth.com
…
continue reading
The Partnership Economy explores the power of partnerships through candid conversations and stories with industry leaders. Our hosts, David A. Yovanno, CEO and Todd Crawford, Co-founder, of impact.com, unpack the future of partnerships as a lever for scale and an opportunity to put the consumer first.
…
continue reading
An archive of each full weekday episode of the award-winning program presented by Stephen Grootes.
…
continue reading
Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living ...
…
continue reading
Alessandro Bogliari, CEO and Co-Founder of The Influencer Marketing Factory, a global influencer marketing agency, talks with great guests about influencer marketing, social media, the creator economy, social commerce and much more.
…
continue reading
Motley Fool Money is a daily podcast for stock investors. Weekday episodes offer a long-term perspective on business news with The Motley Fool's investment analysts. Weekend shows are a mix of investing classes and longer-form interviews. The show is hosted by Dylan Lewis, Ricky Mulvey, and Mary Long.
…
continue reading
In each episode of "Goldman Sachs Exchanges," people from the firm share their insights on developments shaping industries, markets and the global economy.
…
continue reading
Some Goodness is hosted by Richard Ellis, a seasoned sales leader passionate about inviting top business minds to share their wisdom. Each episode is only 15-20 minutes, perfect for your commute or workout.
…
continue reading
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