Ive been struggling to understand how brain wallet works in NEM network and so far I can se no differences between it and simple wallet.
I understand the general idea of brain wallet but I cant see actual usage in NEM case.
So far I can see that there is no difference, because brain wallet paraphrase works just like password in simple wallet. There is also no way to restore the wallet using only paraphrase. While creating an account, Acc safety warning looks exactly the same in both.
I know I might be missing something big but can anybody please explain me if there are differences? If there are, is it more secure?