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I'm curious if electrum fully support Hierarchical Deterministic Wallets (BIP32). I have seen in source code that some part of implementation is done. But there are also as I think some electrum specific algorithms.

So when I create new wallet in electrum will it be BIP32 compatible?

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BIP32 support is planned for Electrum version 2.0. The code is already there, but disabled.

You can find some features that were first planned for 2.0, but were included in a 1.9.8 release as the servers were being updated to a new important version so it was needed to apply some changes already to the client to put all in place for 2.0 https://bitcointalk.org/index.php?topic=518133.0

  • I have one additional question. You are saying "BIP32 (or a similar approach but not standard)" so BIP32 isn't the standard? – Adam Apr 4 '14 at 12:54
  • @Adam I've updated the answer with the latest update from devs. Electrum will use BIP32 standard for 2.0 version – rdymac Apr 5 '14 at 12:54
  • @rdymac Can you update the answer as of now. It's 2017 now so probably the new visitors to the question will be grateful to get an updated answer. – Prashant Prabhakar Singh Apr 24 '17 at 18:59

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