What is a Seed Phrase?
The seed phrase/mnemonics is another manifestation of the plaintext
private key, first proposed by the BIP39 proposal, to help users
remember complex private keys (64-bit hashes). Seed phrase/mnemonics are
generally composed of 12, 15, 18, and 21 words. These words are taken
from a fixed vocabulary and the order of generation is also based on a
certain algorithm, so you do not need to worry that random 12 words can
access a blockchain address. Although both seed phrase/mnemonics and
Keystore can be used as another form of a private key
, unlike a Keystore,
the seed phrase/mnemonics are an unencrypted private key. Anyone who
gets your seed phrase/mnemonics can access your account and take away
your assets without any effort!!!
Where Do Seed Phrases Come From?Seed phrase/mnemonics is a private key that is not protected by any
encryption. Once someone gets your seed phrase/mnemonics, it is
equivalent to controlling your account and asset. The following points
should be noted when using the seed phrase/mnemonics:
creating an account in Bloxxwop, be sure to back up the seed
phrase/mnemonics in time and double-check to make sure it is correct.
backing up seed phrase/mnemonics, try to use physical media, such as
handwriting on a piece of paper, and then saving the paper properly. Do
not use screenshots whenever possible.
Be sure to take good care of
the seed phrase/mnemonics you backed up. First, do a good job of network
isolation. Second, you must take action to prevent loss.
How to login using your existing seed phrase/mnemonics?
You can import your account by selecting Import in User Info. You only need an account seed phrase/mnemonics, and you can reset the password to make it completely different from the last one.
What is the relationship between passwords and seed phrase/mnemonics?
The most important use of a password is to encrypt the private key of the user locally. The binding between password and account means that the same account for a user, but the passwords on device A and device B can be completely different. When you forget the password, you only need to clear the device cache and then import the seed phrase/mnemonics to reset the password.
After the user completes the backup, Bloxxwop will no longer store the user's password, seed phrase/mnemonics, or private key in any form. The private key is encrypted by the account password and is stored locally on the user’s device. So when the user is doing some operations which require a signature, the user needs to enter the password.
What should I do if I suspect a seed phrase/mnemonics leak?
A seed phrase/mnemonics is an unencrypted private key that anyone can easily take control of your assets if he/she gets your seed phrase/mnemonics. Therefore, you must transfer your assets the first time you find a seed phrase/mnemonics leak to ensure the security of your digital assets. The specific steps are as follows:
1. Create a new account;
2. Backup the seed phrase/mnemonics of a new account on physical media (such as paper);
3. Make sure seed phrase/mnemonics are properly kept;
4. Finally, transfer your assets to the new account.