41 views
in Cryptocurrency by (16.6k points)
What is a mnemonic seed?

Please log in or register to answer this question.

2 Answers

0 votes
by (16.6k points)
A mnemonic seed, also known as a seed phrase or recovery phrase, is a set of words used to generate a deterministic wallet. It acts as a backup for the private keys of cryptocurrency wallets. Mnemonic seeds are typically composed of 12, 18, or 24 words in a specific order that can be used to recover access to the wallet in case the original wallet is lost, damaged, or stolen. It is crucial to keep mnemonic seeds private and secure as anyone with access to them can potentially access the associated funds.
0 votes
by (7.8k points)
A mnemonic seed, also known as a seed phrase, is a set of words used to back up and restore a cryptocurrency wallet. It typically consists of 12 to 24 words in a specific order that can be used to access the funds in a wallet if the original wallet is lost or damaged. The use of a mnemonic seed makes it easier for users to back up and restore their wallets securely.

Related questions

2 answers
asked Jun 9, 2024 in Cryptocurrency by Kelvindhope (16.6k points)
1 answer
1 answer
asked Mar 24, 2024 in Nature by aishamirza (2.2k points)
1 answer
asked Mar 23, 2024 in Nature by abd99872 (10.6k points)
...