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Created November 21, 2020 00:37
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BIP32 vs BIP39 vs BIP44
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notes.md
  • BIP32 - is a method for generating a tree of private keys from a master private key.
  • BIP39 - method for encoding 128-256 bits of random data into 12-24 word phrases from a list of interchangable 2018 words, and then turn those phrases into a 64 byte hash.
  • BIP44 - is a method for structuring a private key tree in a specific way that will facilate usage/restoration/discovery of multiple accounts for multiple purposes.
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