What is an HD wallet?

Daisy GlobalDate:06-22-2019 Views:
 The full name of HD Wallets is Hierachical Deterministic Wallets,The concept of Hierachical Deterministic was proposed in BIP32 proposal.According to Gregory Maxwell’s description, Pieter Wuille finally reorganized and submitted BIP32 on February 11, 2012. It was not merged into Bitcoin Core until June 15, 2016, and almost all wallet providers have integrated agreement. BIP32 is the main proposal of HD wallet. It generates main private key through “seed”, and then derives a large number of sub-private keys and addresses, but “seed” is a long random number, which is not conducive to recording, so we use algorithm to transform “seed” into one. Mnemonic is convenient for saving records. This is BIP39, which expands algorithm for generating HD wallet “seeds”. BIP43 adds an extension of sub-index identification purpose to BIP32 tree structure m/purpose'/*. BIP44 adds multi-currency based on BIP43 and BIP32. Multiple addresses can be derived through HD wallet, and bitcoin of main network and test network can be managed at the same time. The BIP44 rules make HD wallet very powerful. Users can control all currencies and wallets of all accounts by saving one “seed
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