common-close-0
BYDFi
Trade wherever you are!

What are the most common bip 39 word lists used in the cryptocurrency industry?

avatarTerkelsen MalikJan 13, 2022 · 3 years ago3 answers

In the cryptocurrency industry, there are several bip 39 word lists commonly used for generating mnemonic phrases. Can you provide some information about these word lists and their significance in the industry?

What are the most common bip 39 word lists used in the cryptocurrency industry?
Bip 39
Cryptocurrency
Word Lists

3 answers

  • avatarJan 13, 2022 · 3 years ago
    One of the most commonly used bip 39 word lists in the cryptocurrency industry is the English word list. It consists of 2048 words and is widely supported by wallets and other cryptocurrency software. This word list is considered the standard and is recommended for most users. It provides a good balance between security and ease of use.
  • avatarJan 13, 2022 · 3 years ago
    Another popular word list is the Chinese Simplified word list. This list consists of 2048 Chinese characters and is commonly used by Chinese-speaking users. It provides an alternative option for those who prefer to use their native language for generating mnemonic phrases.
  • avatarJan 13, 2022 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, also offers its own customized bip 39 word list. This word list is specifically designed for BYDFi users and provides an additional layer of security. It includes unique words that are not found in the standard word lists, making it harder for potential attackers to guess the mnemonic phrases. However, it's important to note that using a custom word list may limit compatibility with other wallets and software.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions