Table Of Contents

Previous topic

Transactions

Next topic

P2P Network

Wallets

Deterministic Wallet Formats

Type 1: Single Chain Wallets

Type 1 deterministic wallets are the simpler of the two, which can create a single series of keys from a single seed. A primary weakness is that if the seed is leaked, all funds are compromised, and wallet sharing is extremely limited.

Type 2: Hierarchical Deterministic (HD) Wallets

Overview Of Hierarchical Deterministic Key Derivation

Overview Of Hierarchical Deterministic Key Derivation

For an overview of HD wallets, please see the developer guide section. For details, please see BIP32.