MultiversX Tracker is Live!

Can't someone just try their luck with random seed phrases? or brute force it?

All Cryptocurrencies

by COINS NEWS 77 Views

All wallets have a seed phrase, with some randomly generated words. Would it be possible for someone to type in one or some of their word's incorrectly or shuffle them and then they accidentally open someone else's wallet?

Also, would there be a limit to how many times you can try wrong seed phrases in a row? What if, in the same way passwords were brute forced, a seed phrase is brute forced? Someone makes a program that generates random seed phrases and input them until one eventually opens up a wallet.

Now, I don't know what would the chances be for someone to open a wallet with actual value in it, or how many approximate amounts of tries it needs to happen.

Is there extra security measures wallets are having now? Like alerting your email when someone opens up your seed phrase on another device, or maybe a password as well as the seed phrase, with 2-factor authentication.

submitted by /u/thespygorillas
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments