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What is a seed phrase? – Pass Phrase
Imagine that you have a very special suitcase where you put all your treasures.
To prevent anyone else from accessing them, you have a completely secret key.
That key is like a seed phrase.
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Pi Network Pioneer Progress Update [Infographic][English]
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Pi Network News in KYC [Infographic][Czech]
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The seed phrase is like a secret key to your money.
- It's like a long password
Instead of one word, it's a whole sentence or even several sentences.- It's your secret.
You can't tell anyone.- It's like a map to your treasure.
Thanks to it, you can access your money at any time.
Why is the seed phrase so important?
- When you forget your password
You can use the seed phrase to get your money back.- When your computer/mobile phone breaks down
You can use the seed phrase to restore all your money on a new computer/mobile phone.
Differences in terms
passphrase - seed fráze - neboli privátní klíč
This long, randomly generated string of words serves as the main security for your cryptocurrency wallet.
It's like a secret key that gives you access to your digital assets.
The seed phrase is usually 24 words long and should be stored in a safe place, out of reach of others.
Example:
acacia brindled declarer chartist goods dunghill cavil accepted murine kana torrefy bellbird within swatter bonnet thievish pristine steepen impasse portly visa fourteen avidity lido
wallet - peněženka - neboli veřejný klíč
A wallet is actually an address where other people can send you cryptocurrencies.
It's like a bank account number.
A public key is a long string of characters that is derived from your seed phrase.
While the seed phrase is secret, you can safely share the public key with others so they can send you money.
Example:
GCFXHS4GXL6BVUCXBWXGTITROWLVYXQKQLF……..
Remember:
A seed phrase is like the key to your treasure.
It is important to hide it well and not tell anyone.
Keep it safe, whether physically or digitally.
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PiNetwork
Pi Network Announcement
PiNetwork is a blockchain-based cryptocurrency project that aims to allow users to mine coins Pi using smartphones. The project aims to promote the adoption of cryptocurrencies.
The project was launched by doctoral students at Stanford University in 2019. PiNetwork offers users a simple and environmentally friendly way of mining Pi coins by simply opening the app and pressing a button once a day.
One of the features of the Pi network is that users can increase mining speed by expanding their network. Pi Network also aims to increase the value Pi coins by allowing users to create and use web applications on the platform Pi.
PiNetwork is currently launching its mainnet. To to Pi Network To join, you must download the mobile app and enter an invitation code. PiNetwork is an innovative project that aims to pave the way for the future of cryptocurrencies.
How to participate in Pi Network
If you are not a member of the Pi Network, you can get started in 5 minutes by clicking here link. By registering using my referral code jwkkbiz we can earn Pi both. Pi Network is an application that allows you to easily mine the cryptocurrency "Pi" on your smartphone. By pressing a button once a day, you start mining for 24 hours, even if you leave your phone idle. In 2024, I mined 360 days a year, and those who accepted the invitation received many benefits. If you register using a referral code jwkkbiz, you will get a 25% increase in mining speed.
After 30 minings you will pass KYC (Know Your Credit), so remember to enter your real name when registering. If you register incorrectly, you will lose 20% as a penalty.
For more detailed information and reasons for registration, please see here.
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