Highlander •
Why does keepkey only generate 12 words?
Why does keepkey only generate 12 words?
12 vr 24 words phrases, the myth of “better”
TL:DR …… Nop, not better
Quote:
“after a lot of conversation and review from experts it turns out the amount of entropy used for generating wallets is 128 bits, so an extended privkey like a 24 word mnemonic beyond 128 bits is all just wasted entropy.”
So longer phrases simply do nothing of value and simply waste your time entering them into a hardware wallet. That is why we recommended all our users use a 12-word seed and only allow our devices to generate them.
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(ps. you can however restore a 24-word seed into a keepkey so feel free to migrate your ledger recovery phrases into your keepkey in a pinch :) )