BIP38 is a wonder Bitcoin standard where a wallet’s private key can be encrypted in a double-blind fashion, where the maker of the (encrypted) private key doesn’t have to first know the decryption passphrase itself. Similarly, once the encryption passphrase is generated along with the public key and public address, all of that can be properly verified and tied back to the original decryption wallet passphrase, all without viewing or revealing the newly created encrypted private key. This means that for this whole process, the wallet passphrase and encrypted private key do not need to be electronically combined together at all. For more information on BIP38 and our special patent-pending two-factor key generation manufacturing process, please visit https://www.balletcrypto.com/2FKG
Articles in this section
- How is the passphrase and private key generated?
- Is the Ballet cryptocurrency wallet durable?
- Isn't it required for the passphrase and private key to be combined at least once (electronically, on a computer) to generate the public address QR code?
- Why do Ballet wallets have serial numbers?
- How do you make sure that company employees, or manufacturing personnel, do not see and retain a copy of the private key and/or passphrase during the manufacturing and production process?
- Will there be a quality assurance auditing or sampling process, to ensure the correct passphrases are matched to the proper private key?
- How does the company verify the Ballet wallet’s private key works and decrypts properly, before selling them to the public?
- How do I know that I'm getting a Ballet wallet that is genuine & authentic, and not counterfeit, or if it has been tampered with during transit?
- How can I verify the Ballet wallet’s private key works properly, before I add funds to it?
- Does the Ballet Crypto mobile app retain or store my wallet private keys? Will the private key / passphrase information ever be transmitted online over the Internet?