A recovery phrase (seed or mnemonic phrase) is a set of words that works as a backup or recovery mechanism for digital asset wallets. In simple terms, it's like a master key that can restore access to your wallet and funds in case of loss or device failure. When you create a blockchain wallet, you are usually presented with a recovery phrase consisting of a sequence of typically 12, 24, or more words. These words are carefully generated with a specific algorithm. It is crucial to keep the recovery phrase secure and private because anyone who possesses it can gain access to your wallet and funds. If you lose your wallet or it becomes inaccessible, you can use the recovery phrase to restore your wallet on a new device or a compatible wallet application. By entering the correct sequence of words in the same order, the wallet is effectively "recovered," and you regain access to your funds.