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A way of writing down a small set of dictionary words from which a seed-number can be recreated. This allows a wallet to be recreated from a saved phrase after the wallet has been lost or destroyed.
5
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Can I "duplicate" a wallet using a backup phrase (12 words)?
My understanding is that a wallet isn't a wallet at all*, it doesn't hold my coins, but it's a key store; my coins are of course "stored" as records of the events on the blockchain.
Imagine I have bit …