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BIP32, or Hierarchical Deterministic Wallets. HD wallets are wallets that can be shared amongst different wallet implementation with or without the ability to spend coins. https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki
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What is the advantage of HD Wallets?
The main purpose of HD wallets is to store multiple cryptocurrency addresses. You can have both Ethereum and Bitcoin address in the same HD wallet. You do not need to save the private keys of each chi …