arno/bitcoinbook
1
0
Fork 0
mirror of https://github.com/bitcoinbook/bitcoinbook synced 2024-12-24 07:28:08 +00:00
Code Issues Releases Wiki Activity

Merge pull request #363 from achiku/fix_ch05_sentence

Browse Source 
Fix ch05 sentence
This commit is contained in:
Will Binns 2017-08-20 09:05:00 -06:00 committed by GitHub
commit e2e08e54f2
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

@ -65,7 +65,7 @@ image::images/mbc2_0503.png["HD wallet"]
HD wallets offer two major advantages over random (nondeterministic) keys. First, the tree structure can be used to express additional organizational meaning, such as when a specific branch of subkeys is used to receive incoming payments and a different branch is used to receive change from outgoing payments. Branches of keys can also be used in corporate settings, allocating different branches to departments, subsidiaries, specific functions, or accounting categories.
The second advantage of HD wallets is that users can create a sequence of public keys without having access to the corresponding private keys. This allows HD wallets to be used on an insecure server or in a receive-only capacity, issuing a different public key for each transaction. The public keys do not need to be preloaded or derived in advance, yet the server doesn't have the private keys that can spend the funds.
The second advantage of HD wallets is that users can create a sequence of public keys without having access to the corresponding private keys. This allows HD wallets to be used on an insecure server or in a receive-only capacity, issuing a different public key for each transaction. The public keys need to be preloaded or derived in advance, yet the server doesn't have the private keys that can spend the funds.
==== Seeds and Mnemonic Codes (BIP-39)