12 Feb 2016 The trouble arises from the same issue as with most successful brute-force methods of cracking passwords: You have to choose a strong starting point, This hash is used in a few successive operations to transform into the private-public key pair used for bitcoin addresses and to sign transactions.
2 Jun 2014 Bitcoin Electrum Electrum is a deterministic wallet where all bitcoin private keys are derived from a single seed. That means that you only have to backup the seed once and it's good for life. It also means that should the seed be compromised all your bitcoins can be stolen. So let's look at how electrum