Is bip32 safe with electrum? | Bitcointalksearch.org

Jason Brendon

member

Activity: 162

Merit: 65

Quote from: BlackHatCoiner on November 25, 2022, 12:19:22 PM

Yes. Normal behavior, Electrum developers are responsible for the Electrum standard, and not for the rest, that's why they don't guarantee their security. In fact, the software won't allow you generate any seed that doesn't follow the Electrum standard.

You can read more about it here: https://electrum.readthedocs.io/en/latest/seedphrase.html

i love electrum standards for seed generation.

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Quote from: Charles-Tim on November 25, 2022, 12:13:37 PM

It is safe, but these are the remaining standard deviation paths:

The common derivation path which is usually used is m/x'/0'/0' not m/x'/0'/0'/0/0.
For example, m/44'/0'/0' is derivation path used for deriving legacy addresses and refers to the whole wallet while m/44'/0'/0'/0/0 refers to the first legacy receiving address and m/44'/0'/0'/1/0 refers to the first legacy change address.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18748

Quote from: Menealo on November 26, 2022, 05:58:36 AM

I need study more about how work derivation path.

First place to start would be here: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki. This BIP explains how you can use the information at one level of the derivation path to derive the necessary information at the next level.
If you find that too technical, then you could try here instead: https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch05.asciidoc#private-child-key-derivation

Once you understand how child key derivation works, then the next thing to read is this: https://github.com/bitcoin/bips/blob/master/bip-0044.mediawiki. This BIP explains the standard for generating derivation paths.

Here's another less technical resource: https://learnmeabitcoin.com/technical/derivation-paths

Menealo

newbie

Activity: 4

Merit: 4

I need study more about how work derivation path.

Thanks!!!!

pooya87

legendary

Activity: 3472

Merit: 10611

The warning is also telling you that the software you are using (ie. Electrum) can not know or guarantee the security of what you have created elsewhere. In other words it is saying the seed phrase you have may or may not be secure and it is your responsibility. If you want ensured secure seed you should use Electrum itself.

Abdussamad

legendary

Activity: 3682

Merit: 1580

bip39 seeds don't include the derivation path and the script type so they are not idiot proof. the onus is on the user to figure out the correct derivation path and the script type. electrum seeds include a version number and electrum can use that to figure out the correct derivation path and script type automatically.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Yes. Normal behavior, Electrum developers are responsible for the Electrum standard, and not for the rest, that's why they don't guarantee their security. In fact, the software won't allow you generate any seed that doesn't follow the Electrum standard.

You can read more about it here: https://electrum.readthedocs.io/en/latest/seedphrase.html

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

It is safe, but these are the remaining standard deviation paths:

Old, BIP 32: m/0'/0/0
Legacy, BIP 44: m/44'/0'/0'/0/0
Nested segwit BIP 49: m/49'/0'/0'/0/0
Native segwit, BIP 84: m/84'/0'/0'/0/0
P2TR, BIP 86: m/86'/0'/0'/0/0

BIP32 is the derivation path that determines the HD wallet, then later followed by the rest mentioned, but BIP39 standard wallets now uses Legacy, nested segwit, native segwit and pay-to-tap-root derivation paths, but BIP32 defines the path.

I expect you to use native segwit or pay-to-tap-root which are the latest, to pay less as transaction fee each time you make transaction.

hosseinimr93

legendary

Activity: 2380

Merit: 5213

The seed phrase you are talking about is called BIP39, not BIP32.

A 12 word BIP39 seed phrase provides 128 bits of entropy and is secure enough. Do not worry about the safety of your seed phrase.
Even if electrum doesn't support BIP39 seed phrases in the future updates, there won't be anything to worry about. There are many other tools that can be used to derive the private keys from a BIP39 seed phrase.

Menealo

newbie

Activity: 4

Merit: 4

I have generated a seed to see how it works in different clients and when I import it into electrum a warning message appears telling me that the seed has been created with bip32 and that they do not guarantee the security of the wallet because it does not follow the electrum standard.

It tells me that by not keeping track of the version, they do not ensure compatibility in the future.

my question is:

Is the creation of the seed with bip32 completely safe??

What standard are you referring to that is not contemplated in bip32?

thanks in advance.

Topic: Is bip32 safe with electrum? (Read 163 times)