I recently tried out a decentralized private messaging tool, it didn’t ask for my personal information to register.
Instead, it only asked me to create a username and set a password, after which it provided me with a mnemonic passcode. (I had never used a mnemonic passcode before, but I learned that it’s a web3 or decentralized type of thing.)
On their FAQ page says “The Mnemonic Passcode is your ONLY SOURCE of backup in a scenario where your device breaks down or becomes unusable due to any reason. In such cases, all you need is your Mnemonic Phrase to recover all your account information. It must be copied, screen-shotted, or written down and kept in a safe and secret place until it is needed.”
Does Mnemonic Passcode more secure than usual password? Plus, is there any other ways to keep you mnemonic phrase?
Anyone knowledgeable enough to know if a quantum computer can still crack those passcodes?
Quantum computers don’t break encryption by guessing passwords, it breaks encryption by being able to quickly factor extremely large numbers. What password is used doesn’t matter, it’s a more direct attack on the algorithm itself.
Sounds badass.
My understanding (limited) is yes. If you want quantum secure cryptography you need to use specific algorithms designed for it.
Sounds expensive(time) too