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  • What is a wallet?
  • What is a mnemonic?
  • What is a private key?

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GeoCash Elements

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Last updated 4 years ago

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What is a wallet?

Digital resource that allows users to manage cryptocurrencies or tokens. Therefore, they can store, send and receive tokens.

What is a mnemonic?

Set of 12 words that is considered as a seed to generate a wallet. Thus, it is possible to recover/load your wallet from its mnemonic.

What is a private key?

Key represented as a hexadecimal number that is used in cryptography for encryption and authentification. Every private key has associated a public key that is used for identification. Each wallet has a private key.

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