When I have my coins in my wallet, can I do the following:
Restore wallet with seed: If I have my 12-word seed (which I have printed on a piece of paper), can I restore the entire balance of that wallet on any system, Windows or Linux, merely by that 12 words. I’m interested in knowing that, if my software wallet is lost in a hard drive failure or just gone (regardless of the reason)?
Paper wallet: If I have by ADA coins in a software wallet, can I safely send them to a paper wallet, which is basically just another wallet (just on paper, instead of software), will I be able to restore it later on with the 27 words. The reason I’m asking is because I used to have the older version of paper wallet that had less words (now sure how much exactly, maybe 22), but I was unable to restore that wallet on the newer version of daedalus. I don’t want to have funds on the paper wallet if I won’t be able to restore them in a year when the software will change again which will render things incompatible. How far is the paper wallet, can it be actually used?
Why does the software wallet use 12-word seed, which can be used to restore the wallet, while the paper wallet has 27 words. Shouldn’t they both use the 27 words for restoration purposes?