hodlmybeer on Nostr: “accounts” are different than passphrases. in an attempt to make it simple: ...
“accounts” are different than passphrases.
in an attempt to make it simple:
private key generates public key which generates addresses via a derivation path. The third number in the derivation path signifies an account within a wallet. from initial setup you are using account “0” typically. many times people never use another account than the “0” account.
some wallet software makes it easy to create various accounts (sparrow) to privately segregate funds but they are all derived from the same private key/pub key pair.
A passphrase generates an entirely new private key from your original seed. This is now a truly different wallet with its own pubkey/accounts/addresses.
in an attempt to make it simple:
private key generates public key which generates addresses via a derivation path. The third number in the derivation path signifies an account within a wallet. from initial setup you are using account “0” typically. many times people never use another account than the “0” account.
some wallet software makes it easy to create various accounts (sparrow) to privately segregate funds but they are all derived from the same private key/pub key pair.
A passphrase generates an entirely new private key from your original seed. This is now a truly different wallet with its own pubkey/accounts/addresses.