Everyone knows the feeling. You’ve written down the 12 or 24 words and you’re sure you didn’t do anything wrong. However, Bitcoin Revolution there is always a voice in the back of your mind saying that you have written a word wrong and the seed is wrong. Until now, there was only the option to restore the wallet with the seed. Without knowing whether the seed contains the credit or not.
With the new “Recovery-Check” you can sleep again calmly. The Trezor* adds a new option to check the seed and strengthens its position as the best hardware wallet 2018.
The option was already available with the firmware update 1.5.1 – but only via terminal (Command Line Interface). Due to the high demand SatoshiLabs decided to add this service.
How does Bitcoin Revolution work?
With this check you don’t have to delete the previous wallet anymore. For the check Bitcoin Revolution you only have to click on the name of the wallet and then on Advanced. In the lower area you will find “Check Recovery Seed”.
Actually the recovery check works like a normal recovery. However, the seed is not saved at the end, but only compared with the existing seed. The Trezor then shows whether the seed matches or not.
If the seed does not match, you could send the Bitcoin, Ether, Litecoin, etc. to another (hardware) wallet to create a new seed. Then transfer the crypto currencies back to the “newly” created hardware wallet.
How secure is Bitcoin Profit
To try all combinations of a 24-word seed, a hacker would need to run SHA-512 (24! / 256 x 8096) 19,621,680,704,813,697,269,760,000 times. The recovery check queries the words in random order, which would still make it difficult for the attacker Bitcoin Profit ist difficult to find the right combination.
Unfortunately, malware could read along during standard recovery and at least learn the words. If you want to be on the safe side, you can use the Advanced Recovery option.
But for this the wallet has to be deleted. If your conscience is troubled and you want to be on the safe side, you can buy a second Trezor Hardware Wallet* and test the first seed with “Advanced Recovery”.