Mnemonic phrase (or seed phrase)

A set of 24 random words that are used to restore access to a cryptocurrency wallet in case of loss, damage to the device, or forgetting the password. This phrase is a convenient and secure way to regain access to a wallet, as it can be used to recreate all private keys and addresses associated with the wallet. It is important to store the mnemonic phrase in a safe and secure place, as its leak could lead to loss of access to your cryptocurrency funds.