I have the following code
import hashlib
import binascii
def word_to_private_key(word):
sha256_hash = hashlib.sha256(word.encode()).digest()
private_key = binascii.hexlify(sha256_hash).decode()
return private_key
word = "hello"
private_key = word_to_private_key(word)
print("Bitcoin Private Key:", private_key)
Here hello is converted into bitcoin private key. Surprisingly I see some transactions with that private key.
For any string of the word variable there is one btc private key
My question is – what is the relation between string and bitcoin private key?
Could you make me understand in simple way?
Also why people talk about 12 word seed? Here one word is converted into private key.
