Seed phrase
One of the most influential solutions used for making web3 easier for casual user is the seed phrase.
One of the most influential solutions used for making web3 easier for casual user is the seed phrase.
Without this solution, crypto wallets could not be so famous and widely used.
Let’s see why…
Agenda:
- intro,
- definition,
- how it works,
- conclusion.
Definition
Seed phrase, called also the recovery phrase is a string of 12–24 words which literally are the password to your wallet.
From crypto basics, it is commonly known that ownership of a wallet is proved by a private key.
Remembering numerical passwords can be a big trouble for humans. Moreover, there should be a way to access crypto wallet any time, without middleman.
Seed phrase is easy to remember, only 12–24 English worlds in a correct order. Knowing that allows to prove your ownership of deposits assets wherever and whenever. It is the magic of blockchain.
How it works
When wallet is created, there is automatically generated the recovery phrase.
Seed phrase is made from 12–24 of 2048 simple worlds in the pool. It gives a lot of combinations, practically impossible to hack that without stupid mistake, lake sharing it publicly.
Seed phrase can easily “transfer” wallet. Considering usage of MetaMask and then transferring all assets and keys to other solution like MathWallet can be very easy.
Just type the private key or recovery phrase into form of new wallet.
However, keeping it private and safe is crucial. Never share recovery seed. Moreover, it is preferable to even do not have it saved in digital form, paper is much better.
Conclusion
Seed phrase is a great feature which allowed to spread web3 technology much easier and faster. Preventing force of users to remember private keys in alphanumerical configurations could be an horror. Using simple words instead of it, was a big step ahead.
