What is the recommended number of pbkdf2 iterations for securing cryptocurrency wallets?

3 answers

• Dec 18, 2021 · 3 years ago
  The recommended number of pbkdf2 iterations for securing cryptocurrency wallets depends on various factors such as the computational power available, the desired level of security, and the specific implementation of the wallet software. Generally, a higher number of iterations will result in a more secure wallet, as it increases the time and resources required to crack the encryption. However, it's important to strike a balance between security and usability, as a very high number of iterations can significantly slow down the wallet's performance. It's recommended to consult the documentation or support resources provided by your wallet provider for specific recommendations on the number of pbkdf2 iterations to use.
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• Dec 18, 2021 · 3 years ago
  When it comes to securing cryptocurrency wallets, the recommended number of pbkdf2 iterations is typically in the range of thousands to tens of thousands. This ensures that the encryption key derived from the user's password is sufficiently strong and resistant to brute-force attacks. However, it's worth noting that the exact number of iterations may vary depending on the specific wallet software and the level of security desired by the user. It's always a good idea to follow the recommendations provided by the wallet provider or consult with security experts in the cryptocurrency community for the most up-to-date guidance.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we recommend using a minimum of 10,000 pbkdf2 iterations for securing cryptocurrency wallets. This provides a good balance between security and performance. However, it's important to note that the number of iterations alone is not the only factor that determines the security of a wallet. Other measures such as using a strong and unique password, enabling two-factor authentication, and keeping the wallet software up to date are also crucial for maintaining the security of your cryptocurrency holdings.
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