teachin_bitcoin on Nostr: https://www.teach-me-bitcoin-son.com/media//generated/what-is-a-derivation-path.png ...
Dad: Son, what does m/44'|48'|84'/0'/0' mean?
Son: Hi Dad,
It's a "derivation path" and it describes how your Hierarchical Deterministic (HD) wallet derive a specific key within a tree of keys.
For example, if you want to get the next address from a wallet, it just increases the last number by one.
Dad: So this means that all receiving addresses are already known when the wallet is created?
Son: All receiving addresses, all change addresses, all accounts and much more are known from the beginning. Everything is derived from your 12 or 24 seed words using a derivation path.
#Bitcoin
Published at
2024-11-01 04:27:12Event JSON
{
"id": "65add202838107fa03d9d9db7bbb88ea16f6938940eb982b63ced5ba6d1c8ae0",
"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1730435232,
"kind": 1,
"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/what-is-a-derivation-path.png\n\nDad: Son, what does m/44'|48'|84'/0'/0' mean?\nSon: Hi Dad,\nIt's a \"derivation path\" and it describes how your Hierarchical Deterministic (HD) wallet derive a specific key within a tree of keys.\nFor example, if you want to get the next address from a wallet, it just increases the last number by one.\nDad: So this means that all receiving addresses are already known when the wallet is created?\nSon: All receiving addresses, all change addresses, all accounts and much more are known from the beginning. Everything is derived from your 12 or 24 seed words using a derivation path.\n\n\n#Bitcoin",
"sig": "dcaa57e8f563422b0c7a7feea4af30852cc30c96e96faa888c12135c6b48944f6f36abab486d7a67773d5d7d2abfab0e3e95f8088e0d977fb6437a970cdb7ce3"
}
