How Does Your Wallet Work?
Our wallet operates on an HD (Hierarchical Deterministic) framework, which is widely recognized as the industry standard for generating and managing bitcoin addresses.
Your Wallet's xPub
Each public address generated by your wallet originates from its xPub (Extended Public Key). This key serves as the basis for all address generation and management within your wallet.
Automatic Address Generation for Enhanced Privacy
When a payment is made to your public address, our wallet automatically generates and displays a new address upon clicking the "Receive" button. Utilizing the same address for every transaction can compromise your privacy, as it allows others to track your entire payment history. By presenting you with a new address for each payment, our wallet enhances your privacy and security.
For Advanced Users: BIP44 and BIP39 Implementation
Our wallet utilizes BIP44 (Bitcoin Improvement Proposal 44) to generate accounts and addresses. This industry-standard protocol ensures compatibility with other bitcoin wallets that follow the same standard.
Additionally, for legacy wallets created before 2016, the recovery mnemonic or seed follows BIP39, another widely accepted standard. This seed is compatible with other wallets that adhere to the BIP44/BIP39 standards.