Cryptocurrency Q&A
What is the 12-word phrase in Bitcoin?
What is the 12-word phrase in Bitcoin?
Raffaele
Tue Dec 03 2024
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7 answers
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I'm trying to understand the concept of a 12-word phrase in the context of Bitcoin. Could someone explain what this phrase is and its significance in the world of cryptocurrency?
7 answers
SejongWisdomKeeperElite
Thu Dec 05 2024
Its main function is to unlock digital cryptocurrency assets.
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benjamin_stokes_astronomer
Thu Dec 05 2024
These elements are used to derive the wallet's private keys.
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GinsengGlory
Thu Dec 05 2024
Additionally, it aids in the recovery of these assets.
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Luigia
Thu Dec 05 2024
Whenever a new wallet is created, this phrase is generated anew.
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Filippo
Thu Dec 05 2024
The 12-word phrase serves as a crucial master key.
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