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Home Bitcoin

Looking Sats Contest Announcement – Bitcoin Journal

by Crypto Twigs
January 24, 2023
in Bitcoin
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Looking Sats Contest Announcement – Bitcoin Journal
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satoshi guy fawkes coding

Wasabi Pockets, together with 12 different bitcoin initiatives and corporations together with Blockstream, BTCPay and Trezor, are working collectively to prepare a Bitcoin world treasure hunt known as “Looking Sats.” 

For a full week beginning on January 23, 2023,, the entities concerned can be revealing seed phrases of a bitcoin pockets that comprises 3,454,811 sats. The businesses invite all Bitcoiners to aim to crack that bitcoin pockets and declare all of its sats.

The announcement despatched to Bitcoin Journal describes how brute forcing would be the methodology that may permit members to crack the seed, saying “For this sport, brute-forcing a bitcoin pockets means discovering the seed phrases and a passphrase, on this case, arranging them in the precise order and utilizing the ensuing backup as a option to recuperate the pockets’s funds. There are a lot of methods to attain this and normal information about bitcoin wallets, script varieties, derivation paths, checksums, passphrases and BIP-39 seed phrases can be useful … As extra phrases are revealed, brute-forcing will get simpler, so time is ticking as folks from around the globe compete to crack the pockets.”

A 12-word, passphrase-protected bitcoin tackle (BIP39) generated a BTC tackle which now holds the sats up for grabs. Every phrase from the pockets, together with the passphrase, had been shared with the 12 companions. Over the week beginning with January 23, every companions will share their phrase utilizing the hashtag #HuntingSats. On the finish of the week, if nobody has efficiently accessed the bitcoin, extra hints can be shared.

The companions concerned embrace:

For all normal info concerning the competition, together with updates in regards to the phrases which have been revealed to the general public, go to HuntingSats.com. 



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