Child Key Derivation [BIP 32]
This is the third part of our discussion on HD wallets. We will cover Child Key Derivation}
Quick reminder
- In part 1 we started from a source of entropy and generated a seed.
- In part 2 we generated the master key from the seed
Actually in part 2 we generated 3 things from the seed:
- Master private key
- Master public key
- Chain code
Now, we’ll see how to derive child keys from parents
Step 1
Step 2
Step 3
Step 4
Step 5
Stay tuned for a video series explaining HD wallets in detail in Decoding Bitcoin
(Sneak peek 🤫)