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

Hash

A hash function is an output code (unique and alphanumeric) that we obtain from an input string,

Cryptocurrency

A form of digital currency that utilizes cryptographic protocols to record ownership and prevent counterfeiting

MicroBitcoin (uBTC)

One millionth of a bitcoin or 0.000001 of a bitcoin. Microbitcoin is the abbreviation of uBTC and often misunderstood as the fork of Bitcoin.

IPO

Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result raise capital from public investors.

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