Wallets & SecurityIntermediate

HD wallet

A hierarchical deterministic wallet that derives a tree of keys from shared seed material.

PLAIN-ENGLISH DEFINITION

In more detail

An HD wallet can create many receiving addresses without needing a separate backup for each new key. Its tree organizes accounts and addresses through derivation paths. Restoring software also needs compatible paths and address conventions; an empty-looking screen can mean it is looking in the wrong place.

IN THE WILD

How you might use it

"New receiving address again? Yes. My HD wallet derives it from the same backed-up seed material."

WORD NOTES
Written out
Hierarchical deterministic wallet
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By Crypto Dictionary · Published · Updated

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