brockzvia treechat·4mo
Replying to #727802a2
❤️ 0 Likes · ⚡ 0 Tips
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  "map_content": "@bridget Funny wanted to reach out to you regarding this very subject.  \r\nWanted to know if a wallet like Simply Cash that gives you access to all your keys:\r\n\u2022 Seed Phrase \r\n\u2022 Xpub \ud83d\udd11 \r\n\u2022 Master \ud83d\udd11 \r\n\u2022 Private keys to all your Public addresses \r\ncan be created using the BRC100 standard?",
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⬇️
bridgetvia treechat·4mo
❤️ 5 Likes · ⚡ 0 Tips
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  "map_content": "Very cool! Synchronicity :)\r\nFor starters, brc100 as I understand it defines how wallets talk to each other (an interoperability standard). It\u2019s not a wallet spec per se. You can think of it like this: a wallet can use brc-42 (BKDS) for key derivation AND be brc100 compatible for app interaction. But wouldn\u2019t necessarily have to be. \r\nSo a non-custodial wallet like Simply Cash can use brc 42/43. Yes.\r\nBut you couldn\u2019t convert simply cash to brc  42/43 because the keys would be different. But I suppose the wallet could implement the new brc42 key scheme - but the assets wouldn\u2019t talk to each other. And it would be a mess. \ud83e\udd37\ud83c\udffb\u200d\u2640\ufe0f \r\nAlso, you don\u2019t need \u201cxpub\u201d in a BRC 42/43 key system because xpub tells you where you are in a hierarchical key structure (BIP 32/44) which you no longer have/need in brc42. \r\nDoes this make sense? Did I get at your question?",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!

Replies (1)

brockzvia treechat·4mo
Replying to #dc62d727
❤️ 2 Likes · ⚡ 0 Tips
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  "map_content": "You\u2019re absolutely right about brc100, I had forgotten completely about it being a communication protocol between the wallets.  \r\nYes it makes sense to a degree.  Heard it mentioned about Simply Cash not being able to convert but, without the information you have provided here.  \r\nI thought that the Xpub key was essential for creating a Watch wallet especially when you create cold storage; I do like the watch feature though. :)\r\nI hope I have overstood this correct.  In a BRC 42/43 key system, we can have all the keys but would be different, and the Xpub key is not need nor available that system. \r\nHaving Bitcoin in cold storage with Simply Cash generated keys.  Would I be right in thinking that Simple Cash keys couldn\u2019t be used, to recover your bitcoins in a BRC 42/43 key system or wallet?\r\n\u2022 Can storage be setup in a BRC 42/43 key system?\r\n\u2022 Can a watch wallet be created in a BRC 42/43 system?\r\nI hope I am making sense with my questions.  \r\nOverall I would love to have the same features and functionality despite the keys being different in a BRC 42/43 key system. :)",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!