What Is A Seed Phrase?
A seed phrase is a list of words that allows the recovery of a Bitcoin wallet. It's a user-friendly representation of a cryptographic seed, often comprising 12 or 24 unrelated words. When setting up a Bitcoin wallet for self-custody, users are prompted to write down this phrase as a backup. The phrase acts as a key, translating into a series of random digits from which private and public keys are derived. It's crucial to securely store a seed phrase, as possessing it enables access to the wallet's funds.