New SLIP39 Backup on Trezor Safe 3! 🌟 Discover the latest SLIP39 20-word backup protocol available on Trezor Safe 3, Safe 5, and Trezor T. This new standard offers a specific word list for better clarity, an optimized recovery process, a stronger checksum, and an easy upgrade path. Learn how to set it up and secure your crypto assets with this advanced backup scheme. Don't miss out on enhancing your crypto security! #Trezor #CryptoSecurity #SLIP39 #BackupProtocol
Yes, that is correct at this point only the Trezor Safe 3, Trezor Safe 5, and Trezor T support this. I wouldn’t be surprised, though if other companies start adopting the standard because it is much more user-friendly.
At the moment SLIP39 is supported by Trezor and three software wallets - Rabby, Electrum and BlueWallet. Other market players such as Wasabi, Sparrow, MEW/Enkrypt, Ambire and NuFi intend to integrate their support by the end of this year (2024). Furthermore we actively encourage enhanced backup support integration into software wallets through a bounty program. This initiative extends financial and expertise support to software wallet providers seeking to implement SLIP39. We were in the same situation back in 2013 with our legacy backup standard, where we were the first who invented it and the rest of the market followed us.
It's not really Tresors thing (as in the title) The protocol is as old as 1979 if I am not mistaken. The protocol is called SSS (Shamir Secret Sharing) and was designed by Adi Shamir who also designed the famous RSA protocol (the letter S in RSA). The entropy is encoded into groups and then groups are split into shares. I personally use three groups with two groups threshold. Of which, two groups with one share threshold and the last group with three shares threshold. This is the best setup to implement inheritance and backup at the same time
Yes, you're right. It's not really new. But I was under the impression that the SLIP meant it was under the auspices of Satoshi Labs. github.com/satoshilabs/slips/tree/master But definitely is not new. It looks like they've just decided to start using it as their default backup protocol going forward. Even though you still have the option of using 12 and 24. I guess I should have read this learning document a little more closely and I would have seen that it wasn't really something groundbreakingly new. Just something Trezor has decided to focus on. trezor.io/learn/a/multi-share-backup-on-trezor
The words are still english, wich for some means it could just as well be random letters to be honest. So the change to this word list benefits those who speak english I guess.
Make your own list in your language. The words don't matter. Words are just labels to indexes. What is used in the function to generate the seed are indexes the words are pointing to. You can have colours as labels if you want and can remember them as easily as words. Words are just for human convenience
Yes, @RuslanSendecky makes a good point. You can record the words in your own language and then just translate as you're doing a restore. I think they mentioned in their blog post that the reason they kept it in English was to avoid confusion and ambiguity. But I understand your plight not being a native English speaker.
Good question. as far as I can tell they are completely different word lists. I don't believe the new slip 39 word list is a subset of bip 39. github.com/satoshilabs/slips/blob/master/slip-0039.md
