I am using example webwallet.html from https://github.com/ConsenSys/eth-lightwallet
It seems to work for me but I am confused on how does it actually work. Can someone explain to me please?
Here is what tried, in webwallet.html, I use localhost:8545 as host. I do not even connect my computer to internet. I give seed and password and I get 3 addresses.
Now from totally different computer I go to https://lightwallet.io, give the seed and password and I get the same 3 addresses as I saw in my local webwallet.html
I wonder how does other computer able to restore and get same 3 addresses?
Please can someone explain me how does this webwallet.html working?