Cryptocurrency Q&A
What is a mnemonic phrase in Bitcoin?
What is a mnemonic phrase in Bitcoin?
CryptoGuru
Tue Dec 10 2024
|
5 answers
882
I'm trying to understand the concept of a mnemonic phrase in the context of Bitcoin. Could someone explain what it is and how it's used in Bitcoin?
5 answers
Stefano
Thu Dec 12 2024
A mnemonic phrase is commonly known by other names such as a seed phrase or a recovery phrase.
Was this helpful?
166
98
SamuraiHonor
Thu Dec 12 2024
Users can do this by appending their own unique passphrase to the end of the list of words in their mnemonic phrase.
Was this helpful?
221
79
lucas_taylor_teacher
Thu Dec 12 2024
This type of phrase represents a Bitcoin standard that was introduced through BIP 31.
Was this helpful?
56
92
SamsungSpark
Thu Dec 12 2024
The majority of wallets in the cryptocurrency space have adopted this standard.
Was this helpful?
102
77
SeoulSerenitySeekerPeace
Thu Dec 12 2024
One of the advantages of mnemonic phrases is that wallets often provide users with the option to enhance security.
Was this helpful?
337
59
