The proposal was created around 2013, and it standardized the way mnemonic phrases for deterministic wallets were generated and restored, instead of using those hard to remember long strings of characters like a private key for each of the addresses in an HD (hierarchical deterministic) wallet. As you have noticed these days, creating a noncustodial wallet rotates around mnemonic phrases or what most people call seeds. Wallets are necessary if you want to use the Bitcoin network. That's why bip39 is so much talked about.
Check
1. https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki
2. https://trezor.io/learn/a/what-is-bip39
Topic: Why is bip 39 a very much reoccurring word in Bitcoin - page 2. (Read 380 times)
From my little knowledge bip 39 is a Bitcoin improvement proposal that provides how wallet generates the string of words to create a mnemonic sentence which are the seed phrases. Its responsible for converting bunch of words like 12, 18 and 24 words seed phrases to addresses and private keys.
Its most used for wallet recovery because it contains a bunch of words that could help recover your lost wallets.
Its most used for wallet recovery because it contains a bunch of words that could help recover your lost wallets.
I was reading the Bitcoin book on github and i came I across the word bip which bitcoin improvement proposal and it wad kind of understandable but while reading forward i notice the bip 39 is a very much reoccurring word and i tried to understand what is meant by bip 39 but its seems difficult.
Help enlighten me on what the bip 39 is?.
Help enlighten me on what the bip 39 is?.
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