Benefits Storing Private Keys Using SeedQR — Bitcoin Magazine

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In this episode of “Bitcoin, Explained,” hosts Aaron van Wirdum and Sjors Provoost discuss Hierarchical Deterministic (HD) Wallets, mnemonic codes and especially, the new SeedQR format which allows users to store their mnemonic codes as QR codes.

Van Wirdum and Provoost start the episode by recapping what HD Wallets (also known as private key seeds) are, and why they are preferred over regular private key backups. Next, they briefly explain why mnemonic codes (aka seed phrases) are a popular solution for encoding and storing private key seeds.

The “Bitcoin, Explained” hosts then go on to discuss SeedQR, which is a new format that allows Bitcoin users to encode and store their mnemonic code as a QR code. This means that mnemonic codes can be stored in a computer-readable format. Any compatible device (like a hardware wallet with a camera) should be able to scan the QR code and import all associated private keys.

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Tags: Benefits, Bitcoin, Bitcoin Explained, cryptocurrency news, keys, Magazine, Podcast, Private, recovery seed, Seed Phrase, SeedQR, storing, Technical

Benefits Storing Private Keys Using SeedQR — Bitcoin Magazine

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