Seed Phrase
Seed Phrase: A seed phrase, also known as a recovery phrase or mnemonic phrase, is a series of words generated by a Cryptocurrency wallet that allows users to access their funds. It typically consists of 12 to 24 randomly selected words from a predefined list, which can be used to recover a wallet in case of loss, theft, or device failure. The seed phrase is crucial for securing Asset/">Digital Assets, as anyone with access to it can control the associated funds.
Examples:
- “abandon ability able about above absent absorb abstract absurd abuse access”
- “zoo zebra apple banana orange grape lemon mango peach cherry”
Use Cases:
- Wallet Recovery: If a user loses access to their wallet app or device, they can restore their wallet using the seed phrase.
- Transferring Wallets: When Switching to a new device or wallet software, a user can import their seed phrase to transfer their Assets.
- Security Backup: Writing down the seed phrase and storing it in a secure location ensures that the user can recover their funds even if their device is compromised.