Your cash on the blockchain usually are not at a single handle.
They’re scattered round on dozens, over time on a whole lot of addresses, seemingly randomly however in actuality all derived from one Prolonged Grasp Non-public Key, aka the “BIP32 root”
which is in flip decided by the (numeric) Seed produced by BIP39
Which finally is derived from that mnemonic checklist + an non-obligatory passphrase of your selecting
Which collectively comprise your Seed Restoration Phrase.
With this SRP your pockets consumer derives ALL your key pairs and addresses, all Hierarchically Decided from that one Prolonged Grasp Non-public Key
you might have a dozen shoppers all set to the identical grasp key, all will present the identical information.
With the general public grasp, they’re Watch Solely.
The personal secret’s solely required for spending.
All a {hardware} pockets (keychain) does is signal transactions, stop others from seeing the personal key.
You should hold the SRP protected, ideally engraved on chrome steel plates, the safe passphrase separate from the mnemonic
in a number of places the place nobody will ever have the ability to see them.
All wallets will be misplaced or destroyed together with {hardware}, and as long as you will have the SRP – and nobody else does – you’ll be able to nonetheless entry your property saved on the blockchain.