December 2018
Beginner to intermediate
564 pages
17h 34m
English
Content preview from Blockchain Developer's Guide
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Deterministic wallets
Deterministic wallets hold private keys that are derived from a common seed. A one-way hash function is used for this. In a deterministic wallet, this seed is essential to recover all the derived keys, and hence a single backup at the time of creation is sufficient. The following diagram depicts how a single seed is connected/related to all the keys generated by the wallet:
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