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BIP38 is specifically for encrypting private keys with a passphrase. It
is commonly used to secure paper wallets by encrypting private key with a
passphrase, making it safer to store or share. The encrypted key can only
be decrypted with the correct passphrase.
BIP39 Passphrase ("25th word") is an optional feature in mnemonic
seed-based wallets, where an additional passphrase is used alongside the
12/24-word seed phrase to generate a completely different wallet. This
enhances security by making the mnemonic useless without the passphrase.
The text was updated successfully, but these errors were encountered:
BIP38 is specifically for encrypting private keys with a passphrase. It
is commonly used to secure paper wallets by encrypting private key with a
passphrase, making it safer to store or share. The encrypted key can only
be decrypted with the correct passphrase.
BIP39 Passphrase ("25th word") is an optional feature in mnemonic
seed-based wallets, where an additional passphrase is used alongside the
12/24-word seed phrase to generate a completely different wallet. This
enhances security by making the mnemonic useless without the passphrase.
The text was updated successfully, but these errors were encountered: