0 sats \ 1 reply \ @Signal312 22 Nov 2023 \ parent \ on: Looking for a post discussing 2:2 vs 2:3 multisig cold storage bitcoin
This, I understand: "When you add a passphrase to a seedphrase, it is essentially a new private key."
This, I don't understand: "Using one seedphrase with three distinct passphrases is much, much more secure compared to using one seedphrase with just one passphrase"
When using one seed phrase with three distinct passphrases - at that point, aren't you creating 3 separate private keys?
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0 sats \ 0 replies \ @Zepasta 22 Nov 2023
Yes.
  • Seedphrase #1 + Passphrase #1
  • Seedphrase #1 + Passphrase #2
  • Seedphrase #1 + Passphrase #3
Its all different private keys.
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