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?

  • 7Sea_Sailor@lemmy.dbzer0.comEnglish
    10·
    2 years ago

    Classic password managers are not decentralized, and why would they be? If you’re worried about storing your credentials on one central server (the official one), there are plenty of very good options for selfhosting a password manager on your own infrastructure. I will always point out the Vaultwarden project, an implementation of the Bitwarden API thats very efficient on ressources and works near flawlessly with all apps and extensions. A wonderful addition to your homelab or VPS.