logo
search
Published on Apr 20, 2022

Hierarchical Deterministic Wallet (HD Wallet)

Content
#Glossary
icon-alt

HD Wallets refer to crypto-currency wallets that use the Hierarchical Deterministic (HD) protocol. With HD Wallets, a single master seed requires 12 mnemonic phrases. These deterministic wallets are built on a particular algorithm and seed. One of the biggest advantages of using an HD wallet is that keys can only be generated via a specific master private key. In other words, all third-party users with a public key can only view the wallet balance, without making any transactions.


Share this blog on
social-altsocial-altsocial-altsocial-altsocial-alt

Subscribe to our Newsletter

Get the best updates from the Web3 ecosystem & The Dapp List in your inbox every week 👇

newsletter-img