What a crypto wallet really does
Crypto wallets don’t “store coins.” They manage private keys that authorize on-chain transactions. Most modern wallets generate keys from a human-readable recovery phrase using the BIP-39 standard and derive many addresses via hierarchical deterministic (HD) paths defined in BIP-32.
Seed phrases, passphrases, and backups
A seed phrase is your single point of recovery. Some wallets let you…
