Mnemonic seed phrase
Last updated
Last updated
A mnemonic seed phrase or backup seed phrase is a list of words which acts like a secret password to your blockchain account. In case you lose access to your account, the mnemonic seed phrase can be used to restore access to your funds.
Example cause market hobby erupt odor spike record pulp priority man vanish purpose
Source
Mnemonic seed phrases are important for several reasons
Security: A mnemonic seed phrase is essentially the key to your account and the funds stored within. By keeping the phrase secure and confidential, you can ensure that only you have access to your account and its assets.
Recovery: In case you lose access to your account (e.g., due to a lost or broken device, software failure), the mnemonic seed phrase can be used to restore access to your funds on a different device or wallet software that supports the same mnemonic standard.
Human-readability: Mnemonic seed phrases are designed to be more easily remembered and written down by humans compared to raw private keys, which are typically long and complex strings of alphanumeric characters. This allows for easier backup and recovery of your account.