MultiversX Tracker is Live!

Questions regarding reusing an address

Bitcoin Reddit

More / Bitcoin Reddit 70 Views

My understanding (not sure if I am correct) is that the risks are for privacy and (potentially) for the vulnerability to quantum computers that can break the elliptic curve digital signature algorithm. My questions regard this latter issue.

1) this vulnerability would lead to the uncovering of the private key. But are we talking of the master private key (the one derived from the 12/24 seed words) or of a lower level private key? I would think it must be the second case, otherwise after any spending transaction one would need to change the word seed. Am I correct?

2) Is a multi sugnature wallet more resistant to this problem or does it suffer from it equally?

Thank you to whoever may have the patience to clarify this to me!

submitted by /u/Joe_Smith_Reddit
[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