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A seed phrase is also a recovery tool; forget your password and the seed phrase is the only thing that will bring your wallet (and its contents) back. Furthermore, your private key encryption type is AES-256-CBC. In simple terms, it is very strong.
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Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics.
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