With Akord, you own the keys that encrypt and decrypt your data. Your keys are generated when you sign up and are represented by your backup phrase. In this article article, we'll explain the backup phrase, how we store and manage it, and demonstrate exactly how you 'own the keys'.
For many web3 services, the backup phrase is required any time you would like to access your wallet from a new device. Let's first explain what the backup phrase is.
In order to generate unique keys, we need a unique random number that is known as a “seed”. Since it is difficult for us to read a large number, crypto-wallets use a backup phrase, which is a human-readable representation of the seed. It is also known by other names such as seed phrase, recovery phrase, mnemonic, or passphrase.
The backup phrase is typically generated using an algorithm called BIP39 and assigned to a user when signing up. Akord uses this method to generate the backup phrase. It consists of 12 or 24 words that are chosen from a list of 2,048 words beginning with “abandon” and ending with “zoo”.