How to generate a very secure wallet with Electrum?


For a poor-mans glacier protocol, looking for:

One private key – an alphanumeric string used to secure the funds
The cold storage address – an alphanumeric string designating the virtual “location” of the funds
The “redemption script” – an additional code needed to access funds, shared by all private keys.

but can I accomplish something similar with the Electrum wallet? Based on IRC discussions, I've been pointed to libsecp256k1 for generating the keys.

see also:

Where I get stuck is with the what, precisely, to write down and what medium to use. Because writing down a private key in its entirety seems a questionable endeavor, at best. so, it's a matter of noting the "words" used to deterministically re-generate the private key?

In that context, how do I use electrum to generate a wallet approaching the security provided by something like the glacier protocol? Assuming all else is equal, particularly with regards to quarantined hardware et. al.

additional context:

There are two types of digital wallets: hot wallets and cold wallets. Hot wallets are connected to the internet while cold wallets are not. Most digital wallet holders hold both a hot wallet and a cold wallet. Hot wallets are most often used to make quick payments, while a cold wallet is generally used for storing and holding your money, and has no connection to the internet.[citation needed] Another difference that is apparent when comparing the types of digital wallets, or e-Wallets, is the price. While most hot wallets are free, cold wallets can be expensive.[citation needed]

Nicholas Saunders

Posted 2020-11-11T21:18:28.910

Reputation: 124

the seed can be written down as a paper wallet. the seed can then be used to generate the private key, and the private key to generate the public key. or so is my understanding. – Nicholas Saunders – 2020-11-28T12:48:19.917

No answers