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The seed can be represented as a 12-word mnemonic code. You do not need to perform regular backups, because your wallet can be recovered from the seed that you can memorize or write on paper. Open Electrum. Name your wallet and click next: Choose “standard” wallet: Then “I already have a seed”: Enter your seed.
Written in Python, the open source wallet manages to achieve this by using servers that index Description ¶. Electrum derives its private keys and addresses from a seed phrase made of natural language words.
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You must put it down on paper. Electrum seeds are not BIP39 and not compatible with other wallets.
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745. Almonds. 460 Broom Corn Seed. 670. Brown Gravy Electrum.
Remember that seed is not a private key of your wallet address. The seed is a secret that unlocks all your bitcoins. When creating a new wallet you want to let electrum generate a seed for you. Electrum displays the seed to you as a 12 word mnemonic. It’s important at this stage to write down the seed in a notebook.
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The wallets which are using same seed will be synchronized. This type of platform secures Bitcoin and is known as cold storage and is far more safe then this one shown here. Find a lot of useful information about cold storage in the book Owning Bitcoin.
To get a compatible seed you need to create it i another way and restore in Electrum (it can handle BIP39 but does not create them).
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You do not need to perform regular backups, because your wallet can be recovered from the seed that you can memorize or write on paper. Open Electrum. Name your wallet and click next: Choose “standard” wallet: Then “I already have a seed”: Enter your seed. This is safe to do because your computer is not connected to the internet.
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Du är alltså inte bunden till Electrum bara för att du skapar dina du ”Standard wallet”, och i nästa fönster trycker du ”Create a new seed”. src/wallet/api/wallet.cpp" line="686"/>