Wallets

Deterministic Wallet Formats

Type 1: Single Chain Wallets

Type 1 deterministic wallets are the simpler of the two, which can create a single series of keys from a single seed. A primary weakness is that if the seed is leaked, all funds are compromised, and wallet sharing is extremely limited.

Type 2: Hierarchical Deterministic (HD) Wallets

Overview Of Hierarchical Deterministic Key Derivation

For an overview of HD wallets, please see the developer guide section. For details, please see BIP32.