Bitcoin security: Hide the key to your assets in a rainbow!

“Not your keys, not your coins”. This is one of the advantages of cryptocurrencies, not banks. But hackers have since evolved to the point of disrupting no less important networks such as Multichain, Poly Network, Atomic… In most cases, it’s the investors who pay the piper. When a new bitcoin security device like BIP39 Colors arrives, they have no choice but to pay attention.

BP39 Colors, bitcoin security revisited

Repeated series of hacks lead us to deduce that cryptocurrencies represent a new niche for certain malicious individuals. Protecting investors’ assets is therefore becoming a priority, both for them and for hardware wallet manufacturers such as Ledger.

Even if you’re able to avoid phishing scams, we still advise you to read our ultimate guide to bitcoin security.

Otherwise, you’ll want to take a look at this novel solution: the “BIP39 Colors” (39th Bitcoin Improvement Protocol). This is a new tool for optimized storage of private keys.

“It could still be difficult for thieves – and the government – to get their hands on your coins” thanks to BIP39.

From now on, you can say goodbye to lists of words and alphanumeric strings for the security of your bitcoins. Because your keys, and by extension your bitcoins, can become untouchable through a play of colors.

A device designed by Entero Positivo

BIP39Colors was introduced by Bitcoin developer Entero Positivo last month. This open-source tool converts the BIP39 mnemonic phrase of a Bitcoin hodler into a series of colors. And vice versa.

“With this method, you can convert your 12-word phrase into 8 colors (or your 24-word phrase into 16 colors). Then you can convert your colors back to your original seed,” he explains.

BIP39 Colors translates a BIP39 mnemonic to colors and viceversa.

Check out the tool :https://t.co/IGrq8LlCXu

– It obfuscates your mnemonic phrase
– You can save each color independently without any order (at home, in css files, png images, …)
– Color codes are… pic.twitter.com/Td2sm3igVt

— Entero Positivo (@EnteroPositivo) June 25, 2023

What are the advantages of this BTC safety device?

Entero Positivo listed three of them.

BIP39 compatibility

The BIP39 Colors stands out for its compatibility with BIP39 when it comes to secure cryptocurrency storage. This makes converting a 12/24-word mnemonic a breeze.

Color availability

BIPColors comes at the right time with its provision of an “additional layer of scrambling as colors are widely present in various sources such as website source code, color palettes used by artists, images, etc.”. Enough to send pirates scrambling to breach your 12-word piece of paper.

The order doesn’t matter

Seed components are stored randomly. No need for correct alignment in this case.

“You can mix and store the colors in any order you like, and you’ll always be able to find the original BIP39 mnemonic”.

With BIP39 Colors, all you have to do is distribute the colors as you wish. No one will be able to access your safe from time to time. And if you ever need a bitcoin security audit, these recommendations are just what you need.