Root Keys Vs Paper Wallet | Bitcointalksearch.org

teukon

legendary

Activity: 1246

Merit: 1011

Quote from: paulb787 on October 30, 2015, 08:23:10 PM

If armory goes down and I have no exe file. All I have is the root key. How would I get the money out? Is there a way to convert a root key into the private keys?

Extracting private keys from an Armory root key without Armory is not as simple as sweeping a private key. The Bitcoin base-58 private key format is widely used whereas the Armory root key system is pretty much just an Armory thing.

Still, it's not so difficult. See here for details.

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Quote from: paulb787 on October 30, 2015, 08:23:10 PM

I am new and have a couple of questions. I have armory and bitcoin-qt loaded up now and am liking them. Wondering How do the root keys work compared to private keys?

I like how a paper wallet works where you have the private key and no mater what happens you can sweep the account. If armory goes down and I have no exe file. All I have is the root key. How would I get the money out? Is there a way to convert a root key into the private keys? Just curious and really appreciate the help.

Yes. The root key is for a hierarchal deterministic wallet. The root key is used in a specific math function which every time run, will always generate the same private keys. The only caveat is that armory may not actually use a standard like the bip32 standard for hd wallets.

paulb787

newbie

Activity: 33

Merit: 0

I am new and have a couple of questions. I have armory and bitcoin-qt loaded up now and am liking them. Wondering How do the root keys work compared to private keys?

I like how a paper wallet works where you have the private key and no mater what happens you can sweep the account. If armory goes down and I have no exe file. All I have is the root key. How would I get the money out? Is there a way to convert a root key into the private keys? Just curious and really appreciate the help.

Topic: Root Keys Vs Paper Wallet (Read 695 times)