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.
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.