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Exposing a private key compromises the wallet’s security, potentially resulting in loss of assets. - **Seed Phrases and Recovery**: Many wallets use a seed phrase to back up and restore the private key. This is typically a human-readable set of 12 or 24 words that represents the private key and allows access to the wallet if the original device is lost. ### Storage and Backup It’s crucial to store the private key securely, ideally in an offline location, such as a hardware wallet, paper...