Bitcoin and Litecoin have something called XPUB
key or Extended Public Key
that essentially allows to track all generated public addresses, so think monitor your total balance in one key.
I was trying to see if ethereum has something like this?
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Sign up to join this communityBitcoin and Litecoin have something called XPUB
key or Extended Public Key
that essentially allows to track all generated public addresses, so think monitor your total balance in one key.
I was trying to see if ethereum has something like this?
Yes. This is typically how the Mnemonic code for generating deterministic keys (BIP39) protocol works.
The user generates a 12/24-word Wordlist, eg:
power foster height puppy palm swing slight rain hammer expire inquiry picnic
The Wordlist is then used to generate a seed.
89e86df183f51db7d2b827b489b612a6f544fe7f8168bdaba62b3fbf2f16c291e0076a55b96b613cadca8d253b98fc31988ac6e7fce52e567cdc393dc6c89cb9
This seed can be later used to generate deterministic wallets using BIP-0032 or similar methods BIP-0044.
Ethereum deterministic wallets work the same as they do in Bitcoin or Litecoin. When specifying path
parameter, simply increment the address_index
to create as many accounts as you like:
m/44'/60'/0'/0/0
m/44'/60'/0'/0/1
m/44'/60'/0'/0/2
m/44'/0'/0'/0/0
?
– nyusternie
Jan 20 '18 at 12:46