What is Seed Phrase?
Seed Phrase A sequence of words generated by a wallet that allows recovery of private keys and access to digital assets; critical for portfolio security and disaster recovery.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Seed Phrase” Used in Practice?
Proper safekeeping of the seed phrase is mandatory for wallet recovery and protecting portfolio digital assets from loss or theft.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Seed Phrase?
A sequence of words generated by a wallet that allows recovery of private keys and access to digital assets; critical for portfolio security and disaster recovery.
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