What is Seedless?

Replacing risky seed phrases with 3FA backup and recovery solution

One of the most common features of many traditional wallets is the seed phrase which allows to backup and recover all private keys of the wallet.

When creating a new wallet, which supports the seed phrase back up option, a user has to write down 12 or 24 words and keep it in a safe place by himself. Later the user can restore their private keys and all their funds in a new wallet application that is supporting BIP39 standard, by inputting his seed phrase.

Wallets that do not support seed phrases as a back-up and recovery solution, can be called “seedless”.