Why is this a SLIP and not a BIP?
Will it require a BIP39 seed, or will work with any seed format?
On 12/23/18 19:46, Pavol Rusnak via bitcoin-dev wrote:
On 22/12/2018 00:58, Aymeric Vitte via bitcoin-dev wrote:
Has anybody already looked at this: given N randomly chosen words
belonging to a BIP39 2048 words dictionary, what is the probability to
get a "valid" BIP39 seed (ie with the right checksum)?
1:256 for 24 words
1:16 for 12 words
This ratio is not too great and will be improved in the upcoming SLIP39
standard: https://github.com/satoshilabs/slips/blob/master/slip-0039.md
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