How does the 25th word in a ledger add an extra layer of security to digital currencies?

3 answers

• Mohammed abdOct 18, 2021 · 4 years ago
  The 25th word in a ledger is a feature that adds an extra layer of security to digital currencies. It is a unique word that is used as a passphrase to access and recover a digital wallet. By adding this additional word, it makes it much harder for hackers to gain unauthorized access to the wallet. This is because even if someone manages to obtain the other 24 words, they would still need to guess the correct 25th word to gain access. It acts as a form of two-factor authentication, making it significantly more difficult for attackers to compromise the wallet.
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• Manjusha CFeb 02, 2023 · 3 years ago
  The 25th word in a ledger is like a secret code that provides an extra level of protection for digital currencies. It serves as a backup phrase that can be used to recover a wallet in case the original passphrase is lost or forgotten. This additional word adds an extra layer of security because it is not stored on the device or in any digital form. It needs to be memorized or kept in a secure physical location. By requiring the knowledge of this 25th word, it adds an extra barrier for potential attackers and makes it more difficult for them to gain unauthorized access to the wallet.
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• Edison Ramos DeguzmanOct 06, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, recognizes the importance of security in the digital currency space. The 25th word in a ledger is a feature that BYDFi recommends to its users to enhance the security of their digital currencies. By adding this extra layer of security, users can have peace of mind knowing that their funds are better protected. It is always advisable to choose a strong and unique 25th word that is not easily guessable. This simple step can go a long way in safeguarding your digital assets.
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