I've heard about a 12-code in the context of cryptocurrency, but I'm not sure what it refers to. Is it a specific code, a mnemonic, or something else entirely? I'd like to understand its purpose and how it's used in the crypto world.
6 answers
Caterina
Wed Dec 18 2024
A 12-word phrase holds immense importance in the realm of cryptocurrency.
Elena
Tue Dec 17 2024
These words are drawn from a standardized dictionary used in cryptographic practices.
PulseEclipse
Tue Dec 17 2024
It is commonly referred to as a 'seed phrase' or a 'recovery phrase'.
Chiara
Tue Dec 17 2024
This set of words serves as a unique identifier for cryptocurrency wallets.
HanRiverWave
Tue Dec 17 2024
The phrase acts as a master key, allowing access to one's digital assets.