I'm trying to understand the concept of a 12-word phrase in the context of Trust Wallet. Could someone explain what it is and its significance in the wallet's security?
7 answers
EthereumLegend
Tue Dec 10 2024
The main purpose of a recovery phrase is to provide a human-readable alternative to your private keys.
DondaejiDelightful
Tue Dec 10 2024
In the event of losing your device or forgetting your private key, this phrase acts as a lifeline.
SolitudeNebula
Tue Dec 10 2024
A recovery phrase holds significant importance in the realm of cryptocurrency.
AndrewMiller
Tue Dec 10 2024
This phrase, alternatively known as a seed phrase or backup phrase, comprises 12 random words.
HanbokElegance
Tue Dec 10 2024
With the recovery phrase, you can regain access to your wallet and retrieve your funds.