I heard that the next version of Bitcoin Core will support HD wallets.

What will be the path used for that implementation?

  • FYI for BIP44 support on Bitcoin derivation path one can use the Breeze wallet (a light wallet). – Dan Gershony May 24 '17 at 14:16

0.13 (current most recent release) supports HD wallets (if you create a new wallet with 0.13 it will use HD by default, <0.13 wallets will keep the non HDness).

You can disable the HD feature in >=0.13 with -usehd=0 (or usehd=0 in bitcoin.conf).

It does use only hardened private key derivation.

The keypath-scheme is m/0'/0'/k'.

BIP44 is not supported right now. It makes little sense (weak security) to use public key derivation (BIP44 does) together with a possibility to export private keys.

  • could you please tell me what 0 and k stand for? which one is index? – max Dec 8 '16 at 13:13
  • m/0'/0'/k', means " derive first hardened child of master key = m/0', then, derive again the first hardened child key of that key (m/0'/0'), then, derive another child key with an up-counting index for your receiving addresses (m/0'/0'/0' for first address, m/0'/0'/1' second, m/0'/0'/2' thirds, a.s.o.) – Jonas Schnelli Dec 8 '16 at 16:31

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