Cryptocurrency: Mnemonics Often Forgotten, Hardware Wallets Die And Get Cracked
14 Mar
2023
14 Mar
'23
10:27 p.m.
The crypto community is accustomed to using mnemonic phrases and sees them as essential. We identified this as an issue from the very outset, as it raises the barrier to entry for beginners and heightens the risk of losing cryptocurrency. https://cointelegraph.com/news/how-a-new-cold-wallet-model-may-solve-the-mne... https:/tangem.com/ Memorized strings, of any type, are rarely up to 256-bit equivalency, and are easily forgotten. Hardware dies, and gets exploited. Simple brain patterns, as secret lookup keys into much deeper bit-equivalent spaces, serve and survive better.
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