So, I use Breadwallet which is a great wallet app. However, from a backup perspective I have some wonderings.
The backup routine in Bread is through the reset phrase consisting of 12 words. Using this phrase I can retrieve my wallet should my phone get stolen or disappear in some way.
My concern is, what would happen if Breadwallet became unavailable? Are reset phrases generic, i.e. is there a commonly agreed upon algorithm to make a wallet (that is, keys) from phrases? Or, are Bread wallet phrases only usable with this particular wallet app?
submitted by /u/Gelnef [link] [comments] Read more /u/Gelnef