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Actually no, the private keys were generated randomly but the wallets were encrypted with a password. Private keys hashed from regular passwords don't have enou
by zapdrive 5y ago
Actually no, the private keys were generated randomly but the wallets were encrypted with a password. Private keys hashed from regular passwords don't have enough entropy. This encryption made sure that in case a hacker gets access to your wallet file, they can't access it without the password.
- tobyjsullivan 5y agoSure, that would also work and was likely popular with people who were confident they would not lose the cipher-text. See the "Brain Wallet" tab on bitaddress.org to see how a password-based secret key can work (please don't actually use this). https://www.bitaddress.org/ https://www.bitaddress.org/