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For a poor-mans glacier protocol, looking for:

One private key – an alphanumeric string used to secure the funds
The cold storage address – an alphanumeric string designating the virtual “location” of the funds
The “redemption script” – an additional code needed to access funds, shared by all private keys.

but can I accomplish something similar with the Electrum wallet? Based on IRC discussions, I've been pointed to libsecp256k1 for generating the keys.

see also:

https://github.com/spesmilo/electrum-docs/blob/master/libsecp256k1-linux.rst

Where I get stuck is with the what, precisely, to write down and what medium to use. Because writing down a private key in its entirety seems a questionable endeavor, at best. so, it's a matter of noting the "words" used to deterministically re-generate the private key?


In that context, how do I use electrum to generate a wallet approaching the security provided by something like the glacier protocol? Assuming all else is equal, particularly with regards to quarantined hardware et. al.


additional context:

There are two types of digital wallets: hot wallets and cold wallets. Hot wallets are connected to the internet while cold wallets are not. Most digital wallet holders hold both a hot wallet and a cold wallet. Hot wallets are most often used to make quick payments, while a cold wallet is generally used for storing and holding your money, and has no connection to the internet.[citation needed] Another difference that is apparent when comparing the types of digital wallets, or e-Wallets, is the price. While most hot wallets are free, cold wallets can be expensive.[citation needed]

https://en.wikipedia.org/wiki/Digital_wallet#Types

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  • the seed can be written down as a paper wallet. the seed can then be used to generate the private key, and the private key to generate the public key. or so is my understanding. Nov 28 '20 at 12:48

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