[philipDS]

Very interesting. I always thought of Ripple as semi-scam, but I can see Stellar become a thing (be huge, actually), backed by Stripe and hopefully others soon enough.

Question.. how is the password used to decrypt the secret key? Which encryption algorithm is used? Can anyone technically explain?

[deckar01]

Stellar dev here. Thanks for the encouragement.

We use scrypt to derive a key from your username and password. The key is used to encrypt your secret data with 256bit AES in GCM mode.

You can check out the implementation here: https://github.com/stellar/stellar-client/blob/master/app/sc...

[philipDS]

Thanks! Gonna have a look at it now - seems like an interesting authentication scheme :)

[simonebrunozzi]

I agree on the fact that Stellar is very promising.