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What is Seedless?

Replacing risky seed phrases with 3FA backup and recovery solution

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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”.