arno/bitcoinbook
1
0
Fork 0
mirror of https://github.com/bitcoinbook/bitcoinbook synced 2024-11-26 09:58:22 +00:00
Code Issues Releases Wiki Activity

Edited ch05.asciidoc with Atlas code editor

Browse Source
This commit is contained in:
nadams 2017-04-24 12:37:23 -07:00
parent 1bc3263677
commit 4075350103
1 changed files with 1 additions and 1 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

2
ch05.asciidoc
View File

@ -470,7 +470,7 @@ BIP-44 specifies the structure as consisting of five predefined tree levels:
+m / purpose' / coin_type' / account' / change / address_index+
((("coin type level (multiaccount structure)")))((("purpose level (multiaccount structure)")))The first-level "purpose" is always set to +44'+. The second-level "coin_type" specifies the type of cryptocurrency coin, allowing for multicurrency HD wallets where each currency has its own subtree under the second level. There are three currencies defined for now: Bitcoin is m/44'/0', Bitcoin Testnet is pass:[<span class="markup">m/44'/1&#x2032;</span>]; and Litecoin is pass:[<span class="markup">m/44'/2&#x2032;</span>].
((("coin type level (multiaccount structure)")))((("purpose level (multiaccount structure)")))The first-level "purpose" is always set to +44'+. The second-level "coin_type" specifies the type of cryptocurrency coin, allowing for multicurrency HD wallets where each currency has its own subtree under the second level. There are three currencies defined for now: Bitcoin is m/44'/0', Bitcoin Testnet is m/44'/1++'++; and Litecoin is m/44'/2++'++.
((("account level (multiaccount structure)")))The third level of the tree is "account," which allows users to subdivide their wallets into separate logical subaccounts, for accounting or organizational purposes. For example, an HD wallet might contain two bitcoin "accounts": m/44'/0'/0++'++ and m/44'/0'/1++'++. Each account is the root of its own subtree.