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🔐 Discover how wallet seeds and cryptography work together to secure your cryptocurrency assets in this educational guide. Learn the fundamental role of mnemonic phrases in creating a hardware wallet that keeps your funds safe. Understanding your HD wallet is crucial for managing digital assets on the blockchain. 🌟
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This content is for educational and informational purposes and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction. Exodus cannot guarantee the performance of the third-party platforms shown in this video. Its products/services, the steps shown, and the information provided may not always be accurate and are subject to change.
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00:00 Introduction
00:11 What is a Derivation Path
00:29 How derivation paths are created
00:52 Main Address
01:16 Root
01:27 Purpose
01:42 Coin type
01:57 Account index
02:18 Change index
02:38 Address
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