Bip39 Standard. The password can be created down together with the mnemonic phrase, but It might be more effective to recollect it, to make sure that a extremely two-aspect recovery process may very well be reached: for unblocking Bitcoins, you may need “what you might have” plus “what you understand”. https://bookmarkstown.com/story19275342/bip-39-https-linktr-ee-bip39-the-best-side-of-bip39-mnemonic