The SeedSlate words/terms
and what they mean?

Name can be a username or the name of a protocol that is secured by the SeedSlate recovery paper.  

Wallet type can be used to document the brand of a wallet or the type of cryptocurrency that SeedSlate secures. Examples of Wallet Types are “Cold Card”, “Ledger”, “Exodus” or “THORChain Keystore”

A Fingerprint is an 8 digit hex number that is derived from your public key. It helps identify your wallet when making or preparing to make transactions. 

Derivation paths are used by Hierarchical Deterministic (HD) wallets to derive a specific key within a key of trees. In layman’s terms, “this is what is used to get your accounts from your mnemonic phrase”. They are written as m’/ [purpose]’ / [coin_type]’ / [account]’ / [change or address_index]. An example of a derivation path for a bitcoin wallet is m’/44/0’/0’/0’/0. Each type of cryptocurrency has different derivation paths and should be documented on the SeedSlate to help with wallet recovery.

A pin code is used by the COLDCARD™ wallet and is broken into two parts. Make sure to record your pins on SeedSlate, as they are an extra layer of security that can be required to access some wallets. 

Anti-Phishing code words are a means of extra protection used by COLDCARD™wallets. Anti-Phishing code words are presented to a user after creating their pin code. These two words are used to confirm the wallet has not been tampered with and should be documented on the SeedSlate. 

A wallet’s private key is secured with a password and should be documented on your SeedSlate.  Make sure to use a strong password that is complex and impossible to crack.

The Passphrase, is an added layer of protection for your crypto wallet. Passphrases are used in combination with your 12-24 word recovery phrase, with different passphrases allowing access to different accounts within your wallet. If someone were trying to access a Passphrase Protected wallet, they need both the recovery words and the Passphrase to access the wallet, so make sure these are securely stored on SeedSlate as well. 

Bip 39 (Bitcoin Improvement Proposal-0039), describes the implementation of mnemonic code in order to generate deterministic wallets. There are two different parts to Bip 39. The first of which is generating the mnemonic code. The second is turning that into a binary seed. If you plan to transfer your seed phrase onto a metal storage device you need to convert the seed word into a number.  SeedSlate can document the word to number translation. For more information see the word to number list on Github.

Seed Words are a list of words which store all the information needed to recover cryptocurrency on-chain.  Wallet software will typically generate a seed phrase and instruct the user to write it down on paper or a SeedSlate. If the user’s computer breaks or their hard drive becomes corrupted, they can download the same wallet software again and use the SeedSlate backup to restore their cryptocurrency.  Anybody else who discovers the Seed Words can steal the cryptocurrency, so it must be kept in a safe place.

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