Today would be focusing on Seed Phrase and as much as it looks like a rather simple topic it actually is an interesting one and this is more of an update in an effort to make us all understand how this terrain works or something like that.
Seed Phrase: They are also known as recover phrase consist of a bunch of a word that your crypto wallet provides at the time of installation when it is being activated for the first time. These phrases are very important, they look simple, even informal, but it means a lot to you as a wallet owner, or a user.
This is the reason why it is also referred to as recover phrase because it would be very useful in the recovery of a wallet in case you lose access to it through one way or another. For this reason it should be kept very safe, safe from the Internet so it does not get stolen by some people who are not wanted there.
You understand that in this crypto space we act as our banker, we cut the short, we have a wallet that simply operates like our bank and we have the key or access to the wallet including the seed Phrase which is actually the master key to the wallet. And that is a major difference between a private key and the seed Phrase.
It is important to note that both the private key and seed phrase provides accreditation to the wallet and for this reason the two should not be exposed. Another method used by some scammers that exist in the world is to, at times, pose as a customer care representative for your wallet service provider and then ask you for your seed Phrase.
Granting them would endanger your total wallet, these are polite in their manner mainly to deceive individuals who do not understand that the seed phare can also grant third parties a way into the wallet without having to use the private key and once they in, they would drain your wallet from their side.
An example of a seed phrase which has been used in a rather usual style is the following:
As stated before, a seed Phrase is simply a set of random words that are usually between twelve and twenty-four characters depending on the wallet provider. When in operation, it could take the form of the following below.
Cook Pen
Road Stream
Swim Balance
Boy Running
Box Girl
Nation money
This is a type of Seed Phrase, well I just cooked this up from my head, am not sure this resonates with any user in the world since it just some random pick. It will also be important to observe the order and orderliness when storing a seed phrase; if it is wrongly arranged or if it is not in the sequence as it was given; one will still be restricted from the wallet. Hence the need to keenly observe and take note on how was it granted.
However, there is a need to note that the random words that are used as seed phrase are actually the translated string from a numerical string of an extended number of digits which is technically referred to as entropy. To record such a long string of numbers as ones recovery code without making errors is really something very difficult and sometimes is indeed impracticable.
Therefore the translation into some random English words which has been chosen from a total of 2048 word you can relate with and find very easy to record for safety purpose. That means seed Phrase has even made it easier to note it down and store it without serious mistakes.
Furthermore, it will be best if you do not have a copy of your seed Phrase stored on the Internet; the Phrase should not exist anywhere on the web as well; if for some reason you really want to write down your seed Phase on paper then you must ensure that the paper and the information are very well secured.
We should be clear now as to what Seed Phrases are and how useful they are in general, specifically in the world of cryptocurrencies and their wallets. Use the message: do not forget that you are your own banker and it is in your hand to keep your vault secure. Ensure to protect the seed Phrase as much as possible and avoid using it at all costs. It will be safer for no one to desire to possess it.
I hope that you have had as much from this piece . I will also recommend that you conduct your own research so as to ensure that you are aware of every single financial step that you would want to take to avoid any kind of loss. You are welcome to express all your opinions that you have on the subject in the comment section.
Thank you for reading