Bitcoin developer Entero Positivo has recently created an open-source tool dubbed BIP39Colors to allow Bitcoin holders to convert their private keys into a series of colors. The tool converts 12-word and 24-word BIP39 mnemonic phrases to 8 and 16 colors, respectively. The Bitcoin Improvement Proposal 39 (BIP39) is a standard to generate a 12-word or 24-word phrase that contains the necessary information to create and access a private key. - The private keys are used by Bitcoin (BTC) holders to access a wallet that stores their assets.
- Users can easily recover their crypto assets when they lose their wallet device if they standardize the mnemonic phrase by converting them into a set of readable words through the BIP39 protocol.
- Wallet providers generally recommend writing these words on paper as backup, leaving the door open for a thief to see the list.
- BIP39Colors converts these phrases into colors expressed as a hex color code, a six-digit system representing any color with the combination of red, blue, and green.
- Holders can store these colors through various files, including HTML, CSS, and PNG.
- The tool can also convert the colors back to the original phrase, and users do not need to remember the order of the colors to recover their wallets.
- Positivo said the flexibility of this storage method would make it more difficult for governments and thieves to seize one's Bitcoin assets.
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