Bitcoin
$59,091.88 2.53%
BTC · 3d

Thought I knew what I was doing...guess I don't.

So my son is dabbling. I explained the concept of a hardware wallet...and the importance of securing seed words. He asked a question I couldn't answer (googling included). How does your wallet 'know' that your seed words represent all your tokens? Let's say you set up a brand new hardware wallet and generate your seed words. A couple of days later you buy n number of tokens on different chains. How do the seed words represent all that? He's concerned (bless him) that they must be stored on a database somewhere. I couldn't give a straight answer...other than my reddit knowledge tells me so.
Go to self.Bitcoin
Recent news
BTC +2.53% · btcnow.live · 7h

What can you buy with 1 BTC?

Btcnow.live shows realtime price and blockchain information for multiple cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Monero and Litecoin
BTC +2.53% · bitcoinmagazine.com · 15h

Tell this to Warren Buffet

If you do not buy bitcoin, you cannot be rich - this is the truth for wealthy Americans who own various assets like stocks and real estate.