- used in cryptographic operations for signaling and encryption
- the only way to own tokens is to know the spell
- the only way to not lose tokens is to never lose the spell
- the only way to save tokens from theft is to never reveal the spell
- gives great power, but requires personal responsibility
- preferably randomly generated string
- moon code rules for spells
- always remember your keys
- never give your keys to anyone
- learn to trust your keys to apps
- verify your keys before using them
- pass down your keys
- notable difference between private key and mnemonic
- private key is string format
- mnemonic is representation of private key using easy to remember vocabulary
- bip39 is called is magic words
- ubiquitously used for mnemonic representation of private keys
- contain 2048 common words
- used in keplr, frame, cyb-ts, go-cyber and numerous crypto software