Topic: Hey I just made an offline wallet chain code questions. (Read 522 times)
As long as your paper backup only carries a root key, that all you need
so all i need is the private key and not the chain code?
Well you're still looking at a 256bit integer collision, that's the same as hoping for a private key collision.
So, I just made an offline wallet. I had one before that I made but I never actually wound up using it, so I just tossed the old one and made a new one. One thing I've noticed is that the old one had a chain code on the printout and the new one just has the private key. Do I not need the chain code anymore? I saw in another post that the chain code now is just a hash of the private key, so all I need is the private key and the deterministic wallets will still generate correctly in the event of a failure?
If this is true could the fact that the chain codes are just hashes of the private keys rather than randomly generated create collision issues in the future?
If this is true could the fact that the chain codes are just hashes of the private keys rather than randomly generated create collision issues in the future?
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