Looking Sats Contest Announcement – Bitcoin Journal

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

For a full week beginning on January 23, 2023,, the entities concerned will probably 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 technique that can permit contributors to crack the seed, saying “For this recreation, brute-forcing a bitcoin pockets means discovering the seed phrases and a passphrase, on this case, arranging them in the best order and utilizing the ensuing backup as a solution to recuperate the pockets’s funds. There are numerous methods to attain this and common data about bitcoin wallets, script varieties, derivation paths, checksums, passphrases and BIP-39 seed phrases will probably be useful … As extra phrases are revealed, brute-forcing will get simpler, so time is ticking as folks from world wide compete to crack the pockets.”

A 12-word, passphrase-protected bitcoin deal with (BIP39) generated a BTC deal with 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 will probably be shared.