Anyone who can see your seed phaser can steal it as well?

[God Tim]

I'm going to highlight a few points that I did comprehend. As everyone knows, the term "seed phrase" is frequently used and crucial in the cryptocurrency industry. However, I'm not familiar with Bitcoin investing. According to what I understand, this claim concerning the "seed phase" is attempting to discuss wallet private keys or security passwords, which are visible to anyone or more and may be necessary for a more robust security system that keeps the wallet safe.

what I have Learn so far about this two then through they are saying the same things

Private keys : there are like passwords to your Bitcoin wallet which been used to access the wallet anything any where.

Seed phrase: which is known for a series of words that can restore your wallet which it treats like a master.

Is this really correct?
the seed phrase and private key are they related and are they also serving same purposes or different purposes?
Back up: is know as seet of word( which is usually 12-24) which it can restore the entire wallet.

Master key:  Generate all private they in the wallet is there even anything the master they.

individual key: unique code controlling specific Bitcoin address.

Derived: generated from the seed phrase.

[Hypnotizer]

-snip-

Is this reallycorrect?
the seed phrase and private key are they related and are they also serving same purposes or different purposes?

They are related but they are not serving the same purpose, let me explain:

The seed phrase usually controls the entire wallet but the private key control only one address in the wallet, you will use your private keys if you want to spend your bitcoin but you cannot directly use your seed phrase to spend your bitcoin. So you can see they are serving different purposes, the private key is used when you want to spend and the Seed phrase is used to generate the private keys.

Back up: is know as seet of word( which is usually 12-24) which it can restore the entire wallet.

Master key:  Generate all private they key  in the wallet is there even anything the master they.

individual key: unique code controlling specific Bitcoin address.

Derived: generated from the seed phrase.

Yeah, people backup their seed phrase, so they can restore the entire wallet and the Master key is generated from the seed phrase.. the master key connect the seed phrase and the private key because the private key is generated from the master key which is generated from the seed phrase.

[Shadiq]

Both seed phrases and private keys are used for security, but they have different uses. The private key is used to access the wallet and make transactions, and the seed phrase controls your wallet.

You have created a garden. To secure the garden, the private key is the key to the lock that is used at the entrance. The private key controls access and transactions. The plants that you grow inside the garden are the seed phrase. The seed phrase basically controls a wallet or the seed phrase is the root of the wallet. Having seeds means that you can create a garden anywhere, the same is true in the field of the wallet. However, in terms of importance, both the private key and the seed phrase play an equal role.

[Charles-Tim]

Let me make it simple for you with this simple explanations:

Seed phrase generates the seed, the seed generates the master private key and the master public key, the master private key generates the private key of each addresses, each private key generates public key of each addresses, each public key generates the address.

The master public key can generate the child public keys, each public key can generate each address. Used for watch-only wallet.

The seed phrase is important for no two reasons than it can generate the private keys.
The master private key can generate the private keys also as you can see in what I explained above.

The private key is the most important, it can be used to spend bitcoin, to recover your coins and to sign a message.

[Progress101]

what I have Learn so far about this two then through they are saying the same things

Private keys : there are like passwords to your Bitcoin wallet which been used to access the wallet anything any where.

Seed phrase: which is known for a series of words that can restore your wallet which it treats like a master.

Is this really correct?

From my little research i can say seed phrase is not a password and it is never meant to be visible or shared. It is a human-readable backup, usually around 12 or 24 words, that represents the root secret of your wallet. From this seed phrase, your wallet mathematically derives a master key and from that master key, all private keys and individual address keys are generated. This is why the seed phrase is often called the master backup because anyone with it can recreate the entire wallet and control all funds.

A private key, on the other hand, controls a specific Bitcoin address. It is what actually authorizes spending from that address. You normally dont see or interact with private keys directly because the wallet software manages them for you.

So yea, they are related, but they do not serve the same purpose. The seed phrase is for wallet recovery and full access, while private keys are for signing transactions on individual addresses.

Hope this helps.

[Agbamoni]

Is this really correct?
the seed phrase and private key are they related and are they also serving same purposes or different purposes?
Back up: is know as seet of word( which is usually 12-24) which it can restore the entire wallet.

The seed phrase and private key actually serve the same purpose, which is security.
From the seed phrase, the wallet automically generate a random 256-but number, including alphabet, to get a private key.
So, whatever you read about private key and seed phrase is true. If you lose them, you wont have access to your wallet. And if someone have access to either your seed phrase or private key they will have acces to your wallet.

[promise444c5]

Call it Master private key not Master key..
It’s not only the master private key that generates the private keys, it needs the chain code  to form “ extended private keys” , it isn’t like chain code is created separately, they are always together but when you split them, you get a prv - chain code.. together they form xprv(extended private key)

So now your question:

the seed phrase and private key are they related and are they also serving same purposes or different purposes?

Yeah.. they are related but serve different purposes in the sense that the extended private key is derived from the seed, now you have a private key and a chain code as I explained earlier.. you can create a public key using the private key from the “xprv” , if you add same chain code to it, you will have a “xpub”(extended public key )..

Hence, the xprv can generate all private keys (in the sense that a parent key can generate a new private key, which can then act as a parent key again) and also generate their corresponding public keys, while the xpub can only generate public keys of non-hardened child keys.

So you can save your master extended private key(mostly known as ‘master private key’ )as your backup instead of Seed and still use it to restore  your wallet when you need it  but it’s much better to save the seed  because it’s obviously easier to store .

I hope you do understand

[Charles-Tim]

Call it Master private key not Master key..

Master key is correct, it means master private key.

It’s not only the master private key that generates the private keys, it needs the chain code  to form “ extended private keys” , it isn’t like chain code is created separately, they are always together but when you split them, you get a prv - chain code.. together they form xprv(extended private key)

Do not mind this definition, extended private key can be referred to as master private key. Some people can refer to it as parent private key.

So anywhere you see people referring to master private key, know that they can use extended private key to refer to it. The master key, chain code and index number generate the child private key which is the private key tyr OP is referring to.

Hence, the xprv can generate all private keys (in the sense that a parent key can generate a new private key, which can then act as a parent key again) and also generate their corresponding public keys, while the xpub can only generate public keys of non-hardened child keys.

xprv is for legacy addresses
yprv is for nested segwit
zprv for native segwit

The x and z are X and Z for multisig wallets.

[promise444c5]

It’s not only the master private key that generates the private keys, it needs the chain code  to form “ extended private keys” , it isn’t like chain code is created separately, they are always together but when you split them, you get a prv - chain code.. together they form xprv(extended private key)

Do not mind this definition, extended private key can be referred to as master private key. Some people can refer to it as parent private key.

Yeah  it is but depending on the context, I needed to explain it that’s why I used extended but I added at the end

So you can save your master extended private key(mostly known as ‘master private key’ )

From the way I was explaining, master private key was just like a single private key that generates another single public key.. now [ public key + chain code +… ] will  form a  ‘master extended public key’ but  I can’t just call it a private key (the master private key) because it’s the first parent key… that’s y.

But a child private key can also be a parent private key.. For example, m/84'/0'/0'/1 is derived from the account key m/84'/0'/0', the change branch key is itself a parent that generates all change addresses…To derive its children, it uses the same chain code along with its private key, making it an extended private key. Same goes for Receiving branch but it index is 0.

[Hardyrobust]

As a matter of fact you are not too far from the truth. Seed phrase and the private key have similarities but they are they are entirely two different things . The seed phrase can be used to regrenerate an entire wallet. That is who ever that have access to your seed phrase have control over all the assets in it. While the private key is only limited or tied to a particular wallet address and they are form from the seed phrase. If someone have access to our private key they can only control the coin you have in that wallet address and not the entire wallet as it is with seed phrase. Therefore, the seed phrase should be highly guided and secure because losing it means losing all the assets we have in our wallet