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Add more explanation and faq #3

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iancoleman opened this issue Dec 5, 2019 · 1 comment
Open

Add more explanation and faq #3

iancoleman opened this issue Dec 5, 2019 · 1 comment

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@iancoleman
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Some more info about what the tool does, how it works (eg secure random), etc would be handy to include.

@Furunodo
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Furunodo commented Feb 21, 2020

Stub:

FAQ

How does it work?

Shamir secret sharing is a way to divide a secret into N number pieces in such a way that you can recover the secret using M (0 < M < N) number of pieces. This is great for securing Bitcoin private keys. Trezor came up with the SLIP39 standard, which is currently only supported in their Model T hardware wallet.

How am I supposed to use this?

Ideally you don't run this on a machine that's connected to the internet.

Are there other implementations of SLIP39? Are they compatible?

How do BIP39 and SLIP39 relate?

More resources?

https://www.youtube.com/watch?v=cRh-NCvHkzM

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