Seed
By CoinGecko | Updated on Mar 03, 2020
Seed (or seed keys / phrase) are used in deterministic wallets to allows users to easily remember, backup, and restore a wallet. This scheme is used in most bitcoin wallets that implement BIP 32.
Related Terms
Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
Algorithmic Stablecoin
Algorithmic stablecoins are tokens pegged to a fiat currency which is usually the US dollar, purely through software and specific conditions.
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
SHA-256
Abbreviation of "Secure Hashing Algoritm - 256", SHA-256 is part of the SHA2 that allows one-way hashing of any data into a 64 character string.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.