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                     |title= SFT
                     |title= Seed-phrase — Decimal Wiki
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                     |keywords= SFT
                     |keywords= Seed-phrase
                     |description= SFT
                     |description= Seed-phrase
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'''Seed-phrase''', or '''Mnemonic phrase''', or '''Secret phrase''' on the [[Decimal network]] is a set of 24 words in English language which contains all the information necessary to access the [[Decimal Wallet|wallet]].
   
   
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Seed-phrase is a sequence of 12, 18 or 24 words of the [[BIP39]] standard. This standard contains a dictionary of 2,048 words and BIP32 key generation protocols-44-49-84-141. Having a seed phrase from the wallet, you can access funds in almost any [[non-custodial wallet|non-custodial (decentralized) wallet]] [[application]]. Accordingly, the reliability of the [[LED phrase]] storage is a top priority for the [[cryptocurrency]] user.


 
== The difference between a private key and a seed phrase ==
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In some wallets, access to funds is carried out through a private key, which is a sequence of alphanumeric characters.
'''This is an old version of the document!'''
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<span id="sft"></span>
= SFT =
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'''SFT is a semi—interchangeable token.'''
'''The [[private key]]''' provides access to only one specific address of the coin, while the '''seed-phrase''' gives full control over all addresses of [[coin]]s that were generated in the wallet. In simple words, the seed phrase contains all the private keys from all the addresses in the wallet at once. The process of extracting a private key from a seed-phrase is quite simple. '''Keep your seed-phrase in a safe place!''' If someone gets access to it, it is equivalent to losing the wallet. Besides, you can’t change it.
SFT is a subtype of NFT. By creating an NFT and specifying more than one instance to issue, or by clicking the "Add new token to Collection" checkbox, you create an SFT.
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<span id="vspominaem_ft"></span>
=== Remembering FT ===
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"'FT (Fungible Token) is an interchangeable token"'
Interchangeability is great for performing the role of currency (but not only). 1 DEL token = another DEL token, as well as $1 = $1 or 1 ruble = 1 ruble. FT tokens can be used, for example, for consumables in games% cartridges, arrows, in general, everything that "does not require uniqueness" and that can be divided.
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<span id="vspominaem_nft"></span>
=== Remembering NFT ===
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'''NFT (Non-Fungible Tokens) – это не взаимозаменяемые (уникальные) токены'''
They are also often called unique tokens or indivisible. The most popular standard for such tokens is ERC–721, proposed at the end of 2017 by William Entriken. One of the cases of using such tokens are game characters (and not only).
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<span id="obraschajas_k_sft"></span>
= Referring to SFT =
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SFT is a new token standard that was created on 17.06.2018 by the Enjin Coin team. Due to SFT, you can send any number of items to one or more recipients IN a SINGLE TRANSACTION!
Imagine that you are in a store, and SFT has not yet been invented, then you would have to buy each product separately. You take the product from the shelf and carry it through the whole store, then you pay for the goods at the checkout, then you come back for the next product, and so with everyone, even if it's 10 identical rolls.
SFT combines the best of FT and NFT. It's cheaper to develop and more convenient for users.


== See also ==
* {{l|https://decimalchain.com/blog/seed-phrase-education/|Seed-phrase education on Decimal official blog}}


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[[Category:Commoninfo]]
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[[Category:Crypto security]]
 
{{interwiki|ru=Seed-фраза}}
 
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[[Category:Commoninfo]]

Latest revision as of 09:07, 7 May 2024

Seed-phrase, or Mnemonic phrase, or Secret phrase on the Decimal network is a set of 24 words in English language which contains all the information necessary to access the wallet.

Seed-phrase is a sequence of 12, 18 or 24 words of the BIP39 standard. This standard contains a dictionary of 2,048 words and BIP32 key generation protocols-44-49-84-141. Having a seed phrase from the wallet, you can access funds in almost any non-custodial (decentralized) wallet application. Accordingly, the reliability of the LED phrase storage is a top priority for the cryptocurrency user.

The difference between a private key and a seed phrase

In some wallets, access to funds is carried out through a private key, which is a sequence of alphanumeric characters.

The private key provides access to only one specific address of the coin, while the seed-phrase gives full control over all addresses of coins that were generated in the wallet. In simple words, the seed phrase contains all the private keys from all the addresses in the wallet at once. The process of extracting a private key from a seed-phrase is quite simple. Keep your seed-phrase in a safe place! If someone gets access to it, it is equivalent to losing the wallet. Besides, you can’t change it.

See also

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