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What is an intermediate code?

Everybody who knows both the encrypted private key and the passphrase has full access to the bitcoins held at that address. With an intermediate code, it is possible to let someone else create encrypted private keys without telling him the corresponding passphrase.

The owner will generate an intermediate code from his password. Any number of encrypted private keys can be generated from the intermediate code. All those encrypted private keys can be decrypted with the original password, which only the owner knows. An intermediate code is 123 characters long, starting with "passphrase".

An example of an intermediate code is: passphraseoRDGAXTWzbp72eVbtUDdn1rwpgPUGjNZEc6CGBo8i5EC1FPW8wcnLdq4ThKzAS

About Us

The 5C-Basic GmbH & Co. KG was founded in 2010 with headquarters in Leipzig. We have been fascinated by the Bitcoin since 2012 and in the beginning of 2013 we implemented the project Bit-Card.

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Company 5C-Basic GmbH & Co. KG
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