Hello hello,
I'm just wondering how strong, or how many 'bits of entropy' as you chaps like to say, my electrum wallet password should be.
If my password was just a dictionary word, would that make it trivial, or is it still a major undertaking to crunch all dictionary words?
Thanks chaps!
Extracted from their wiki at
http://electrum.orain.org/wiki/Frequently_Asked_Questions#How_secure_is_the_seed.3FHow secure is the seed?
The seed created by Electrum has 128 bits of entropy. This means that it provides the same level of security as a Bitcoin private key (of length 256 bits). Indeed, an elliptic curve key of length n provides n/2 bits of security.
I don't think the seed has anything to do with this? I'm talking specifically about my electrum wallet password- NOT my seed.
My question is, if someone gets a hold of my wallet for whatever reason, how easy is it for them to brute force it?
Re the first response, you are surely incorrect- brute forcing takes a different amount of time depending on what you want to brute force? I suppose the specific question I am asking is: on a reasonably powerful computer, how many microseconds does it take to test one password? If a billion can be tested per second that's a problem- but if ten can be, that's not.