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Private key is encoded from seed phrase
with 1 pass of SHA-3 (Keccak). We strongly recommend "Brain Wallet"
form for better security.
Your seed phrase is made of several dictionary words along
with one computer-generated word. Your seed phrase is near impossible to brute
force, while it should be relatively easy to remember.
Your private key is encoded from your seed using 2031 passes of SHA-3 (Keccak),
making it large enough to slow down brute force attacks and uncommon so as to
not be present in already made key tables.
You will not be able to use your address if you
forget both Private Key and Seed Phrase.