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1  Bitcoin / Electrum / Re: will electrum wallet be backward compatible in near future ? on: September 16, 2021, 05:53:22 AM
Quote from: NeuroticFish on September 15, 2021, 12:02:49 PM
Quote from: Secal1986 on September 15, 2021, 10:03:03 AM
or should i store copy of electrum's source code along with my seed phrase, for future use ? you know for worst case scenarios ?
so i could compile it then and could access my coins.

If you want to go on this path (storing source code), the source code from https://github.com/FarCanary/ElectrumSeedTester should be enough.
It's browser based and with it you can retrieve the private keys for your seed; and the tools/wallets will always allow import of private keys.

But as said, the chances you cannot recover from Electrum seed in the future are slim to none.

this looks promising, so i can use electrum's way to generating seed and if the electrum project gets dicontinued then i can always get back my coins.

thank you kindly.
2  Bitcoin / Electrum / Re: will electrum wallet be backward compatible in near future ? on: September 16, 2021, 05:42:33 AM
Quote from: dkbit98 on September 15, 2021, 11:57:27 AM
It's no mistake if you choose electrum or Bip39 standard.
Bip39 standard is supported by most wallets included Electrum, and you can always generate seed words totally offline with dices for example.
With Bip39 you are not limited only to Electrum, but you could also import them to most hardware wallets or you can use iancoleman's mnemonic code converter.

now i think, BIP39 will be better choice. rather than just using specific wallet's way to generating seed.
BIP39 is supported by majority wallets and it will be easier to get the coins.

i also found out that there is some disagreement between "electrum and bip39 supporters".

so either i choose electrum's way of creating seed or BIP39 way of creating seed (+ derivative path)

i hope i am not missing anything important here.

thank you kindly.
3  Bitcoin / Electrum / Re: will electrum wallet be backward compatible in near future ? on: September 15, 2021, 10:42:51 AM
Quote from: ranochigo on September 15, 2021, 10:10:25 AM
Electrum or practically any other wallet has always maintained backwards compatibility, wherever possible. In the case of a seed, it wouldn't take much to preserve the backwards compatibility of it especially when the versioning is already clearly defined.

You actually don't have to store the source code at all. It is quite trivial to derive the private keys from the seeds and can be done easily with a little research and some programming skills. Rest assured, if some day the current seed system gets deprecated, then someone would probably just make a tool to derive the master private key regardless.


i am planning to use one of those titanium seed storage , where i punch my seed phrase/ number.

so hypothetically, lets say i die in this 15 years timeframe and some family members find the "titanium seed storage", then it should be easier for them to recover the coins too.

i guess, i could also mention

Electrum 4.1.5

on top of the seed storage case, so the person could understand where this seed is created and what needs to be done/tools to be used to recover the coins. (so research and some programming skills are not necessary for them.) just my thought.

thank you kindly.
4  Bitcoin / Electrum / will electrum wallet be backward compatible in near future ? on: September 15, 2021, 10:03:03 AM
i am looking to store bitcoins for long term using electrum wallet .

so i found this helpful https://electrum.readthedocs.io/en/latest/coldstorage.html

from my understanding if i keep my seed phrase secure, i can recreate my wallet later.

i just wanted to make sure, whether the electrum wallet will be backward compatible in near future ?

so lets say today i create a wallet using electrum and safely store the "seed phrase", and lets say after 15 years if i reinstall the then latest eletrum and create new wallet using my current seed phrase, i will be able to access my coins .

or is there any other specific method , i should use for such long term cold wallet creation ?

e.g. bip39 or some other.


thank you kindly.

or should i store copy of electrum's source code along with my seed phrase, for future use ? you know for worst case scenarios ?
so i could compile it then and could access my coins.
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