A wallet seed is a series of words, typically 12 to 24, that serve as a backup for a cryptocurrency wallet. This seed phrase acts as the master key to access and manage your digital assets. When you create a wallet, the seed is generated using a random process, ensuring that it is unique to your wallet. Each word corresponds to a number, which is part of a mathematical process that derives your public and private keys. These keys are essential for sending and receiving cryptocurrencies.It is crucial to keep your wallet seed secure and private. If someone else gains access to it, they can take control of your wallet and any assets within. Conversely, losing your seed means losing access to your funds permanently.You can think of the wallet seed like a password for your wallet. Just like you wouldn’t share your password, you should never share your seed. Always store it in a safe place, preferably offline, to protect your investments from theft or loss.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to