Bitcoin Hd Key Generation Disabled
Bitcoin Hd Key Generation Disabled 3,0/5 8272 reviews

What Is an HD Wallet?

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Client-side Bitcoin address and deterministic wallets generator, Base58 converter, transaction builder, signing and verifying messages with Bitcoin address. @cryptozeny Even if you re-use old wallet.dat, you can't get HD wallet. Perform the following steps to create new HD wallet. Dump wallet (Debug window) dumpwallet foo stop bitzenyd or BitZeny-QT; rename old wallet.dat; mv wallet.dat wallet.dat.old start bitzenyd.

An HD Wallet, or Hierarchical Deterministic wallet, is a new-age digital wallet that automatically generates a hierarchical tree-like structure of private/public addresses (or keys), thereby addressing the problem of the user having to generate them on their own.

HD Wallet Explained

A standard cryptocurrency wallet is used to store the cryptocurrency tokens or coins. It has a public address which the user can give to others to receive funds from them, and a private key that the user uses to spend the stored tokens.

This public/private combination mechanism ensures safety of the cryptocurrency tokens but comes with an additional overhead of the user being required to repeatedly generate a random pair of private/public addresses (or keys), and back up each time one configures a new pair of addresses. As the number of transactions increases, this process becomes cumbersome for the user.

HD Wallets, or Hierarchical Deterministic wallets, solve this problem by deriving all the addresses from a single master seed (hence the name hierarchical). All HD wallets use a variant of the standard 12-word master seed key, and each time this seed is extended at the end by a counter value which makes it possible to automatically derive an unlimited number of new addresses.

HD wallets eliminate the need for the user to constantly generate and wait for the secure keys to be generated, so they only need to worry about taking the backup.

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commented Mar 18, 2018

hi, i would to know what is it and why it disabled?

bitzeny v2.0.1
OS: ubuntu 16.04.4 64bit

commented Mar 19, 2018

i found something about it. its a new feature since bitcoin v0.13.

Bitcoin Hd Key Generation Disabled Iphone

Bitcoin
self-assigned this Mar 19, 2018
added the invalid label Mar 19, 2018

Bitcoin Hd Key Generation Disabled Windows 10

commented Mar 19, 2018

@cryptozeny Even if you re-use old wallet.dat, you can't get HD wallet. Perform the following steps to create new HD wallet.

  1. dump wallet (Debug window)
  1. stop bitzenyd or BitZeny-QT
  2. rename old wallet.dat
  1. start bitzenyd or BitZeny-QT
  2. import wallet (Debug window)
closed this Mar 19, 2018
This issue was closed.

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