Questions tagged [deterministic-wallets]

Collects questions about deterministic wallets i.e. wallets that derive all private keys in a predictable way from a seed. Deterministic wallets have better backup properties than unrelated random private keys.

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8
votes
3answers
2k views

At what point is a new wallet known by the Bitcoin network?

I was just showing a deterministic wallet to a friend who asked "At what point is the wallet known to the network?" and I could only guess by saying that it is known only when a transaction is ...
6
votes
1answer
2k views

Derivation of parent private key from non-hardened child

Quote from BIP 32: One weakness that may not be immediately obvious, is that knowledge of a parent extended public key plus any non-hardened private key descending from it is equivalent to knowing ...
7
votes
1answer
750 views

How does the client know the number of keys and coins when recovering from a seed?

When I have a seed and use it to recover my keys, how does a client find out which keys I had and their respective amounts? To clarify, I understand how a deterministic key works and that we can ...
2
votes
2answers
746 views

How to list all addresses in a deterministic wallet?

Deterministic wallets generate a key space following established standards, using a random passphrase as seed. I have a couple of questions: How many keys can be generated by a deterministic wallet? ...
5
votes
1answer
1k views

How do hierarchical deterministic wallets work transaction-wise?

As far as I know (and as explained here) hierarchical deterministic wallets keep a master key pair (private and public). When using them the public key is newly generated in every transaction. I ...
5
votes
1answer
482 views

Derive new public keys from a public key?

This article says you can generate new public keys from an already generated public key. How is this possible? https://bitcoinmagazine.com/articles/deterministic-wallets-advantages-flaw-1385450276 ...