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Description
The LetheKit seedtool application generates new wallets using dice
entropy to create BIP39 and SLIP39 recovery mnemonics. The BIP39 and
SLIP39 mnemonics represent valid wallets, but they are not the same
wallet.
This is a serious problem. If both BIP39 and SLIP39 backups are
created at the same time and funds are placed in the BIP39 wallet the
SLIP39 backup will fail to recover the same wallet and the funds would
be lost.
Why is this the case?
Andrew Kozlik explains it well in this GitHub comment
How can matching BIP39 and SLIP39 backups be made?
Andrew Kozlik explains (above) that in principle, SLIP39 shares which
are 59 words long could match a BIP39 mnemonic. In practice SLIP39
shares of this length are non-standard and unlikely to be supported by
any devices or applications. The extreme length is also significantly
painful to record and enter.
Impact on LetheKit/seedtool:
The desired feature of (standard) matching BIP39 and SLIP39 backups is
not possible.
The conversion of a BIP39 backup into a SLIP39 backup is not possible.
The conversion of a SLIP39 backup into a BIP39 backup is not possible.
LetheKit/seedtool can generate valid BIP39 and SLIP39 wallets but
should not allow generation of both at the same time or suggest it
can convert between the two.
LetheKit can restore SLIP39 backups, but a mechanism to export the
master secret (likely via QR code) would need to be added.