Re: Understanding private keys and how recovery is possible?
how do the 24 number of randomly generated words match against the 256bit private key?
Read through this thread.And where is a list of private keys and the amounts in those wallets are stored for if you want to recover your wallet?
If such a thing existed, anyone could steal your coins at any time. In order to find your private key, an attacker would have to search through the extremely high amount of possible 256-bit numbers to find your randomised number, which with current technology can't be done.You will have to keep the seed phrase safe. Preferably by writing it down on paper and storing it in a secure location.
Great thanks! Yeah i didnt think there was record a such of the private keys as that wouldnt work, which is why the recovery is super confusing
. One question - What is 'the seed'?