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The Cyber Security Place

Software

$103,000 stolen in Brain Wallets cracking attacks

Reported by securityaffairs.co

The term brainwallet refers to the concept of storing Bitcoins in one’s own mind by memorization of a passphrase. The phrase is converted into a 256-bit private key with a hashing or key derivation algorithm (example: SHA256). That private key is used to calculate the final Bitcoin address.

Read the full article at securityaffairs.co