Collection of definitions to better understand the crypto assets and crypto asset inheritance mechanism.
We are working on some exciting onboarding material to get started with all the buzzwords of the web3 ecosystem. Stay tuned!
Crypto wallets: A ****device, physical medium, program, or service which stores the public and/or private keys for crypto-related transactions that are stored on the public ledger.
Mnemonics: Mnemonics or more frequently called seed phrases are a collection of words that is used to create or access crypto asset wallets. BIP39 mnemonic standard developed for bitcoin wallets is the most popular way to generate wallet accounts. The seed phrases are usually a collection of 12 or 24 words.
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Private and public keys
Shamir's secret sharing