Mnemonic Phrase
By CoinGecko | Updated on Mar 03, 2020
A mnemonic phrase (also known as mnemonic seed, or seed phrase) is a list of words used in sequence to access or restore your cryptocurrency assets. It should be kept secret from everyone else. It is a standard in most HD wallets.
Related Terms
Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Bearish
A term used to indicate negative sentiment towards the market or an asset, where investors believe that there will be downward price movement.
Encryption
In cryptography, encryption is a process of encoding information the original form of information called plaintext via an algorithm called cipher. The encrypted message is now called ciphertext. Only authorized parties can decipher the ciphertext and convert back it to the original plaintext.
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