What are hierarchical deterministic (HD) crypto wallets?

What are hierarchical deterministic (HD) crypto wallets?

HD wallets are as acquire because the medium (physical or digital) on which they’re saved.

BIP-32 permits an HD pockets to develop a tree-esteem hierarchical constructing of personal keys from the seed. As a result, if a system is misplaced or destroyed, the seed backup would possibly perhaps presumably perhaps presumably also merely additionally be outdated to revive the pockets along with all of the tree’s non-public keys.

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