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Is there an alternative scheme that allows the different parties to enter their own password?
by humblepie 3y ago
Is there an alternative scheme that allows the different parties to enter their own password?
- Tomte 3y agoSymmetrically encrypt their share with the chosen password.
- ecesena 3y agoNot with passwords of their choice. You could use SSS in combination with BIP to derive a set of 12 or 24-word passphrases, this might be a bit more user friendly.
- opendomain 3y agocan you give more information please?
- pests 3y agoBIP39 is the Bitcoin standard which defines the process to generate the human readable "recovery phrase" for a Bitcoin wallet based on the private key. It's a list of 2048 pre-defiend words. Your private key is chunked into 11bit groups (with a few bits for a checksum) and then assigned the corresponding word.
- dcow 3y agoIt already exists: https://github.com/satoshilabs/slips/blob/master/slip-0039.md https://github.com/satoshilabs/slips/blob/master/slip-0039.m...
- cosmojg 3y agoYou could just take the result of running their chosen passwords through the algorithm and use that as the decryption key.