Secret Recovery Phrase

Phonetic: /ˈsiːkrɪt rɪˈkʌvəri freɪz/

Part of Speech: noun

Category: To be determined

The seed phrase, mnemonic, or Secret Recovery Phrase is a crucial part of public blockchain technology, originally created for Bitcoin, and goes by many names. However, they all refer to a set of ordered words which correspond to determined values. These values never change, and therefore the same string of words in the same order will always produce the same number–this is the underlying functionality that allows seed phrases to back up wallets. This is also where the name ‘hierarchical deterministic wallets’ comes from, as all the accounts in a given wallet are deterministically created from the seed phrase, and they are hierarchically controlled by it. A Secret Recovery Phrase is exactly what it sounds like: something that is secret, and should be known only to the owner of the account. If the seed phrase is given to someone else, that person has complete control over the account; they can drain it of tokens and funds, execute transactions with it, etc. What is a ‘Secret Recovery Phrase’ and how to keep your crypto wallet secure

Definition source: Mapachurro probably wrote this.

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This word came from... the ether

Date first recorded: Unknown

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