A brain walletA crypto wallet is a tool that allows users to interact with blockchain networks. They are necessary when sending and... Read More relies on the user memorizing a seed phraseSeed (or seed keys / phrase) are used in deterministic wallets to allows users to easily remember, backup, and restore... Read More, password, or passphrase to generate a private keyIn the context of cryptocurrency, a private key is a number that allows users to sign transactions and to generate... Read More, referred to as a passphrase-protected private keyA passphrase-protected private key is a type of digital signature that uses a cryptographic key to protect the information in... Read More. The advantage of this type of wallet is that the user can easily create and remember this type of wallet. Brain wallets may be more secure than regular private keys because they are not on a computer or other device that is susceptible to attack. However, if the user forgets their passphrase, they will lose access to their funds.
