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How Ledger Accesses Your Seed Phrase
"I think a lot of people did assume the same thing. So that's why they're like, oh wait, it's not actually how it works," he says. "Whatever your wallet is has your private key... I don't care if it's metamask or a treasure." The difference between opting in and not is you are one, giving your information over to this third party,. And then your seed phrase is sharded in three and given over to three different custodians in each in their own jurisdiction.