After further research I've learned that #seedphrases contain some redundancy so that a user can get a few letters wrong and still use the phrase.
Also, a single #seedphrase 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 #BIP39 and some common word lists that wallets can adhere to for compatibility.
#cryptocurrency #crypto #btc #bitcoin #BIP39 #seedphrase #seedphrases
Users will decide if they can still trust Ledger with their seed phrases - Ledgerโs decision to introduce a third party to your wallet seed ... - https://cointelegraph.com/news/can-we-still-trust-ledger #seedphrases #wallets #ledger
Ledger Faces Backlash for Controversial Backup Tool as Crypto Community Expresses Discontent - Hardware wallet maker Ledger is facing significant backlash for its recent introdu... - https://news.bitcoin.com/ledger-faces-backlash-for-controversial-backup-tool-as-crypto-community-expresses-discontent/ #hardwarewalletmanufacturer #encryptedkeyfragments #alternativesolutions #socialmediaplatforms #third-partyfirms #cryptocommunity #frustration #seedphrases #discontent #newfeature #backlash
#backlash #newfeature #discontent #seedphrases #frustration #cryptocommunity #third #socialmediaplatforms #alternativesolutions #encryptedkeyfragments #hardwarewalletmanufacturer