What is Bitcoin Improvement Proposal (BIP) 39?

Bitcoin Improvement Proposal (BIP) 39 allows for the generation of a human-readable 12–24 word recovery phrase for hierarchical-deterministic (HD) wallets. With the recovery phrase, users can regenerate an HD wallet that has become lost or damaged. Because they hold such access, BIP 39-enabled recovery phrases should be kept secret and stored securely.

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