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I know my crypto wallet does not contain my actual coins but a private key. Is this all that is contained in a wallet? if so how is it possible to restore a wallet on another computer by just knowing the pass phrases?

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  • Read MyCrypto's article How do Secret Recovery Phrases Work? Sep 12 at 16:47
  • Did not get an answer in the post you link. I am wondering how is it possible to use recovery phase to get back a private key? Sep 12 at 16:52
  • That post answers all the questions that you asked originally. How to get the private key of the first wallet generated with a mnemonic is a different question. Sep 13 at 9:58
  • Install MyCrypto, then load your pass phrase, then find the "Wallet Info" option in the dropdown. Sep 13 at 9:59
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Think of it as a mathematical equation of a curve with two value X and Y to represent a point on that curve.

Now crypto keys work the same way.

X is your public key (address) Y is your private key (secret)

All the funds of this wallet are written on the blockchain. To spend them you have to resolve the curve by providing Y to the algorithm as a proof of ownership.

This is basically how it works!

the 12 words seed phrase are just a convenient way of representing bytes so you can write them down but they are bytes.

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  • > the 12 words seed phrase are just a convenient way of representing bytes so you can write them down but they are bytes. this is the part I am curious about. Do you know exactly how the 12 words seed phrase are used to represent bytes? Sep 12 at 21:29
  • Well they use dictionary and match the words to the bytes. Or find a matching word that match the bytes. The characters on your screen are bytes. So you can take some bytes and turn them into words. You should create a wallet and study the process. Sep 12 at 22:06

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