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
Protocol
The set of rules in a network in which participating members comply to allow proper communication.
Soft Fork
A backward-compatible update to a decentralized blockchain protocol.
Genesis Block
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
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