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
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Atomic SWAP
Atomic Swap refers to the exchange of cryptocurrencies that operate in different block chains without intermediaries.
Wallet Address
The address in which cryptocurrency can be stored, sent to and receive.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
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