I have a question about Cryptocurrency wallets like Metamask (soft) or Ledger (hard).
How is a 12 or 24 word seed phrase enough to show the same crypto addresses in any crypto wallet that supports the same standard (ie. BIP-39). Can someone unravel this for me / us?
Would it be this:
- seed phrase with its 2048^(12 or 24) combinations is used to encrypt a private key
- that private key can decrypt your list of addresses. But if so, where is this list kept - a database, a blockchain (not sure how this would work)
I searched for some more information but I can only find more introductory articles.
Any help in understanding this would be appreciated.
