Autochecked users, Bureaucrats, Editors, Interface administrators, Project members, Push subscription managers, Reviewers, Suppressors, Administrators, Widget editors
5,802
edits
[checked revision] | [checked revision] |
No edit summary |
CryptoUser (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{#seo: | {{#seo: | ||
|title= Seed- | |title= Seed-phrase — Decimal Wiki | ||
|titlemode= append | |titlemode= append | ||
|keywords= Seed-phrase | |keywords= Seed-phrase | ||
|description= Seed phrase | |description= Seed-phrase | ||
}} | }} | ||
'''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]]. | |||
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 == | |||
In some wallets, access to funds is carried out through a private key, which is a sequence of alphanumeric characters. | 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 | '''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. | ||
[[Category:Commoninfo]] | |||
[[Category:Crypto security]] | |||