Author

Topic: How does Electrum seed works? (Read 280 times)

legendary
Activity: 2982
Merit: 4193
October 28, 2017, 03:38:44 AM
#4
Electrum don't allow importing private keys (only sweep) for this specific reason because people then won't be able to restore that imported private keys using the seed as It wasn't generated from it.
Yup for those wallets that were generated with a seed.
So every seed has limited number of available addresses?
No. I don't exactly know the limit but each seed should be able to generate unlimited amount of addresses, I've never seen anyone going into a situation where they can't generate more addresses.
That would mean, that every seed has also limited number of transactions - since rest of the funds is always moved to a new address.
No. The funds are always moved to a new address because of privacy. Imagine
My transaction is:
Address A -> Address B
               -> Address A,

You would know how much Bitcoins and who did I want to pay.

However, if another transaction is:
Address A -> Address B
               -> Address C,

You wouldn't know if Address B or C is mine.
full member
Activity: 140
Merit: 101
October 28, 2017, 02:29:25 AM
#3
The private keys are pre-generated from the seed (even the ones that you generate afterwards). Electrum don't allow importing private keys (only sweep) for this specific reason because people then won't be able to restore that imported private keys using the seed as It wasn't generated from it.

So every seed has limited number of available addresses?

That would mean, that every seed has also limited number of transactions - since rest of the funds is always moved to a new address.
staff
Activity: 3500
Merit: 6152
October 27, 2017, 06:41:09 AM
#2
The private keys are pre-generated from the seed (even the ones that you generate afterwards). Electrum don't allow importing private keys (only sweep) for this specific reason because people then won't be able to restore that imported private keys using the seed as It wasn't generated from it.
full member
Activity: 140
Merit: 101
October 26, 2017, 11:55:39 AM
#1
You will get seed. Then you can generate new address (which consists of new address and new private key).

If you now come to a new PC, how does this seed knows about all your new addresses and keys, that you generated later?
Jump to: