Learn How to Hack Smart Contracts
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Hey guys, in today’s video we will learn the difference between a Mnemonic secret recovery phrase to a private key in your wallet.

When you create a new crypto wallet, you are provided with a series of words (on MetaMask 12 words), that grants you access to your wallet if you forget your original password.

The Secret Recovery Phrase is the key to the wallet. If someone has the key, they have complete access to the wallet. MetaMask does not keep the keys: you are the custodian of your wallet.

While a Secret Recovery Phrase is used to back up your entire MetaMask Wallet, including all accounts created in that wallet, each account has its private key. This key can be used to import that account, and that account only, into a different wallet. Similarly, single accounts from other crypto technologies can be imported to your MetaMask wallet.

We will learn what is the Mnemonic secret recovery phrase, and how multiple accounts can work with only one secret phrase.
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Related Videos:

How To Download, Create, And Use Metamask Wallet:    • How To Download, Create, And Use Meta...  

How To Use MetaMask Securely With Ledger:    • Connect Ledger To MetaMask Extension ...  
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Useful links:

MetaMask Wallet:
https://metamask.io

Ethereum Blockchain Explorer:
https://www.etherscan.io
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Timestamps:
00:00 Intro
01:17 The Mnemonic Phrase
02:43 How Accounts Work On MetaMask
04:24 The Private Key
06:44 Outro And Summary
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⚠⚠⚠ #MetaMask #Mnemonic #privatekey #Secret #recovery #phrase #DEFI ⚠⚠⚠
The content in any of Johnny's Youtube videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information.
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
I am just sharing my knowledge and my findings.
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Until next time,
Johnny Time