0

Due to bip 44 list

https://github.com/satoshilabs/slips/blob/master/slip-0044.md

HD wallets support multi coins.

does it mean HD wallets support multi networks? like omni for bitcoin, TRc20 for tron? what is network role in the HD wallets? I think in the derivation of child for multi coin, nothing, yes? but what about in sign a transaction? is there any difference or all networks are same?

Improve this question

1 Answer 1

Reset to default
2

does it mean HD wallets support multi networks?

No.

A Bitcoin wallet can implement BIP-0044 without supporting any cryptocurrency other than Bitcoin.

Improve this answer
5
  • So how can I have a wallet with supporting many cryptocurrency? I mean an HD wallet that can generate multi coin address for receiving and also can signing(spending) coins and also discover their networks? In bitcoin HD wallet we can only generate address for other coins or we can generate address only for bitcoin?
    – Hamid Naghipour
    Commented Apr 29, 2020 at 6:22
  • @HamidNaghipour: Multi-currency wallets need specific software code for each separate currency. It's not enough to have a common standard for derivation paths. Cryptocurrencies vary greatly and verification of transactions, blocks, etc are currency specific.
    – RedGrittyBrick
    Commented Apr 29, 2020 at 9:15
  • So we can say: HD wallets in BIP44 is only to generate addresses.
    – Hamid Naghipour
    Commented Apr 29, 2020 at 10:47
  • HD wallets in BIP44 is only to generate addresses for different Coin, but if we need to discover address, spend and sign a transaction, so we need to access the network of each currency for example for Tron or Eth. yes?
    – Hamid Naghipour
    Commented Apr 29, 2020 at 10:49
  • And this is a relationship between a wallet software (even HD wallets) and all networks that each blockchain of coins work and exist there. yes?
    – Hamid Naghipour
    Commented Apr 29, 2020 at 10:51

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.