Brain wallets are Bitcoin secret keys that are generated from a person coming up with a memorable passphrase. They can be convenient and sometimes more secure. In this episode we discuss a paper which studies the prevalence of these types of wallets and quantifies the risk involved. We go over the concepts of Bitcoin addresses, public key cryptography, and wallet security.
Paper: https://fc16.ifca.ai/preproceedings/36_Vasek.pdf
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