How I understand MEW suppose three cases of wallet:

  1. MEW Wallet
  2. By Keystore File
  3. By Mnemonic Phrase

I know the created wallet by Mnemonic Phrase is kinda HD.

What wallets are HD? And how can I determine the kind of wallet?


1 Answer 1

  • HD Wallets refer to Hierarchical Deterministic wallets. These wallets can generate multiple "child" keys from a master seed using a derivation algorithm. The seed is generated from a collection of words, usually 12 or 24.

  • A keystore file contains an encrypted private key.

  • MEW Wallet is the mobile application.

  • You say "A keystore file contains an encrypted private key." Do the Keystore file contain only one key? For example, If I use KF then I can use only one PK. Or I can create another KF with another PK. But I can't create two private keys in one KF. For that, I have to use HD. Am I right or wrong?
    – Mr. JE
    Commented Apr 18, 2021 at 23:08
  • @Mr.JE A keystore file contains a single private key, but you can have many keystore files.
    – Ismael
    Commented Apr 19, 2021 at 4:06

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