Post
Topic
Board Beginners & Help
Re: Riddles and Brain-Teasers for Bitcointalk Members (Newbies – Members)
by
Minerall
on 12/04/2021, 17:56:40 UTC
I learned a little more about hardware wallets. The wallet only provides additional security. The device stores the data for accessing the wallet, and additionally asks, for example, to press a physical button to confirm the transaction. He doesn't store anything else! Even if John broke his wallet (broke, drowned, it doesn't really matter), he could ask Mike to send him the same wallet and help restore access to his money. And he would have succeeded if he had a seed phrase. Only if you have a seed phrase, you can restore access to your wallet and your money. For this, it was proposed to write down the seed phrase on a piece of paper, so that in the event of a breakdown or loss of a physical wallet, access could be restored.