After further research I've learned that contain some redundancy so that a user can get a few letters wrong and still use the phrase.

Also, a single can code for multiple private keys so you can have multiple addresses with one SP.

However, seedphrases generated by some wallets won't be compatible with other ones.

There's a standard called and some common word lists that wallets can adhere to for compatibility.

#cryptocurrency #crypto #btc #bitcoin #BIP39 #seedphrase #seedphrases

Last updated 1 year ago

CryptoNewsBot · @cryptonewsbot
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Users will decide if they can still trust Ledger with their seed phrases - Ledgerโ€™s decision to introduce a third party to your wallet seed ... - cointelegraph.com/news/can-we-

#ledger #wallets #seedphrases

Last updated 1 year ago

CryptoNewsBot · @cryptonewsbot
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