Bitcoin Improvement Proposal (BIP) 39

Bitcoin Improvement Proposal (BIP) 39 introduces the capability to generate a recovery phrase composed of 12 to 24 words in a human-readable format for hierarchical-deterministic (HD) wallets. This recovery phrase empowers users to restore a lost or damaged HD wallet. Due to its sensitive nature, BIP 39 recovery phrases should be treated with utmost confidentiality and securely stored.