22 views
in Cryptocurrency by (16.6k points)
What is a mnemonic phrase?

Please log in or register to answer this question.

2 Answers

0 votes
by (16.6k points)
A mnemonic phrase is a set of words used to help someone remember a complex piece of information, such as a password or encryption key. It is often used in cryptocurrency wallets to securely backup and restore access to the wallet's funds.
0 votes
by (7.8k points)
A mnemonic phrase is a set of words that are used to help someone remember a complex piece of information, such as a password or encryption key. It is often used in cryptocurrency wallets as a way to back up and restore access to the wallet in case of loss or damage to the device. The phrase typically consists of a series of random words that are easier to remember than a long string of characters or numbers.
...