A mnemonic phrase (also known as a mnemonic seed or seed phraseA seed phrase is a mnemonic passphrase consisting of a string of words used to generate deterministic wallets. Wallet recovery... Read More) is a sequence of words used to access or restore a user’s cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More assets. A mnemonic phrase is a secret phrase that should remain hidden from everyone except for the walletWallets are a digital storage facility for digital currency. A wallets can exist as a software program on a computer... Read More owner. Most cryptocurrency wallets use this as standard practice.