What is Deterministic wallet? How can I make multiple addresses point to one wal

Saint-loup

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Quote from: nc50lc on September 29, 2019, 11:47:16 PM

Quote from: Saint-loup on September 29, 2019, 08:57:25 AM

I think you are talking about the id of the accounts, not the seeds, no?
Because I don't understand how and espacially why they would provide a seed if their wallets aren't HD? Huh

As you know it, new HD version is using BIP39 mnemonics.

But those old blockchain.info SEED or rather "mnemonic phrase" weren't really for generating the root seed.
It's basically your account ID and password backup, nothing else, the recovery page is designed to derive the login info based from those words;
Each of your account's keys, they are stored in their server until you decided to export it.

I wasn't aware of that, but you are talking about longtime ago, I see in 2016 it was already an HD wallet. The date of your registration is a little bit misleading in fact.

nc50lc

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Quote from: Saint-loup on September 29, 2019, 08:57:25 AM

I think you are talking about the id of the accounts, not the seeds, no?
Because I don't understand how and espacially why they would provide a seed if their wallets aren't HD? Huh

As you know it, new HD version is using BIP39 mnemonics.

But those old blockchain.info SEED or rather "mnemonic phrase" weren't really for generating the root seed.
It's basically your account ID and password backup, nothing else, the recovery page is designed to derive the login info based from those words;
Each of your account's keys, they are stored in their server until you decided to export it.

Saint-loup

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Quote from: nc50lc on September 29, 2019, 05:11:45 AM

Quote from: Saint-loup on September 29, 2019, 03:50:50 AM

Quote from: nc50lc on September 26, 2019, 04:25:26 AM

-snip-

I think you are talking about years ago, because even when it was blockchain.info it was an HD wallet...

And be careful you can't import this type of bip39 seed in Electrum wallet on smartphone (or I don't know how you do) because Electrum seeds don't follow bip39 norms, you need to get the master private key before importing it.

What I'm pointing out is the old wallet version, not the subdomain.
FYI, their old wallet with non-BIP39 seed aren't HD.

I think you are talking about the id of the accounts, not the seeds, no?
Because I don't understand how and espacially why they would provide a seed if their wallets aren't HD? Huh

Quote

About BIP39 support for the Android version,
It has been available since Aug 13; here's ThomasV's (ecdsa) post in github: link
I'm not using Android Electrum but as long as you're updated, there should be an option to enable BIP39 SEED checkbox.

I wasn't aware of that, thank you for the information, the last version available on Google play (3.3.7.0) is dated July 3rd (2019) so we have to wait a little bit more apparently.

nc50lc

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Quote from: Saint-loup on September 29, 2019, 03:50:50 AM

Quote from: nc50lc on September 26, 2019, 04:25:26 AM

-snip-

I think you are talking about years ago, because even when it was blockchain.info it was an HD wallet...

And be careful you can't import this type of bip39 seed in Electrum wallet on smartphone (or I don't know how you do) because Electrum seeds don't follow bip39 norms, you need to get the master private key before importing it.

What I'm pointing out is the old wallet version, not the subdomain.
FYI, their old wallet with non-BIP39 seed aren't HD.

About BIP39 support for the Android version,
It has been available since Aug 13; here's ThomasV's (ecdsa) post in github: link
I'm not using Android Electrum but as long as you're updated, there should be an option to enable BIP39 SEED checkbox.

Saint-loup

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Quote from: nc50lc on September 26, 2019, 04:25:26 AM

Quote from: 2double0 on September 26, 2019, 03:51:52 AM

How do you?
If it is a deterministic wallet like blockchain.com 'previously known as Blockchain.info' and I choose to opt for that web wallet and app, how am I able to sign a message through any of the addresses allocated to me in that wallet except those that I import in it? It changes addresses every single time and the wallet that allows you to have your private keys while also allowing you to sign messages through all of them is Electrum or Mycelium 'rectify if wrong'. Aren't all of these deterministic wallets?

New blockchain.com wallet is HD, the old (legacy) wallets aren't.
Maybe you're talking about the old blockchain.info wallet which wasn't Deterministic.

If you have the new Blockchain.com wallet, the Mnemonic Phrase you got follows BIP39 standard
which is compatible with most recovery tools and light clients like Electrum, give it a try if you want.
New/Restore->Standard wallet->I already have a seed->Click "Options" then BIP39->Select the address type

FYI, changing the receiving address in every receiving transaction is a common thing for wallets for their user's privacy.
Even for non-HD blockchain.com, it generates new random address & prv key pair everytime you used an address and keep the old addresses in your account.

I think you are talking about years ago, because even when it was blockchain.info it was an HD wallet...

And be careful you can't import this type of bip39 seed in Electrum wallet on smartphone (or I don't know how you do) because Electrum seeds don't follow bip39 norms, you need to get the master private key before importing it.

HCP

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Quote from: 2double0 on September 28, 2019, 06:55:54 PM

I know that it generates new random address and new private key pair but I don't think I was ever able to get that private key on hands from that non-HD wallet service provider and they never let me sign messages through those newer addresses and that's what I was arguing here all about.

The issues you were having were not due to whether the wallet you were using was a deterministic or not... The issues you were having were because of your poor choice of wallet for your requirements. Tongue

Specifically, blockchain.info/com being somewhat feature poor and not providing users with the means to sign messages etc. Granted, it is a simple and easy to use wallet for users that simply want to be able to send/receive bitcoin and don't care too much about more "advanced" features like coin-control, signing messages, pay-to-many etc. I believe they used to provide the ability to sign messages but that was removed... I'm not sure why? But then, this is the wallet provider that took months and months and months to implement custom fee settings, while users were forced to either pay ridiculously high fees... or have transactions "stuck" because of ridiculously low fees. Undecided

As you have now discovered, not all wallets are created equal, nor do they all provide the same features...

2double0

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Quote from: nc50lc on September 26, 2019, 04:25:26 AM

New blockchain.com wallet is HD, the old (legacy) wallets aren't.
Maybe you're talking about the old blockchain.info wallet which wasn't Deterministic.

If you have the new Blockchain.com wallet, the Mnemonic Phrase you got follows BIP39 standard
which is compatible with most recovery tools and light clients like Electrum, give it a try if you want.
New/Restore->Standard wallet->I already have a seed->Click "Options" then BIP39->Select the address type

Thank you, I tried this, worked finally.

Quote

FYI, changing the receiving address in every receiving transaction is a common thing for wallets for their user's privacy.
Even for non-HD blockchain.com, it generates new random address & prv key pair everytime you used an address and keep the old addresses in your account.

I know that it generates new random address and new private key pair but I don't think I was ever able to get that private key on hands from that non-HD wallet service provider and they never let me sign messages through those newer addresses and that's what I was arguing here all about.

nc50lc

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Quote from: 2double0 on September 26, 2019, 03:51:52 AM

How do you?
If it is a deterministic wallet like blockchain.com 'previously known as Blockchain.info' and I choose to opt for that web wallet and app, how am I able to sign a message through any of the addresses allocated to me in that wallet except those that I import in it? It changes addresses every single time and the wallet that allows you to have your private keys while also allowing you to sign messages through all of them is Electrum or Mycelium 'rectify if wrong'. Aren't all of these deterministic wallets?

New blockchain.com wallet is HD, the old (legacy) wallets aren't.
Maybe you're talking about the old blockchain.info wallet which wasn't Deterministic.

If you have the new Blockchain.com wallet, the Mnemonic Phrase you got follows BIP39 standard
which is compatible with most recovery tools and light clients like Electrum, give it a try if you want.
New/Restore->Standard wallet->I already have a seed->Click "Options" then BIP39->Select the address type

FYI, changing the receiving address in every receiving transaction is a common thing for wallets for their user's privacy.
Even for non-HD blockchain.com, it generates new random address & prv key pair everytime you used an address and keep the old addresses in your account.

2double0

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Quote from: TryNinja on September 23, 2019, 04:53:44 AM

Quote from: 2double0 on September 23, 2019, 01:24:16 AM

But maintaining that privacy costs you your ownership because you don't own your private keys of all the generated addresses in a deterministic wallet.

You do? That’s why it’s called a deterministic wallet. Because you can determine the private keys from the seed. This logic does not make any sense. If you can spend the coins, you have the private keys. All it exists in the basic layer of BTC are the private keys.

How do you?
If it is a deterministic wallet like blockchain.com 'previously known as Blockchain.info' and I choose to opt for that web wallet and app, how am I able to sign a message through any of the addresses allocated to me in that wallet except those that I import in it? It changes addresses every single time and the wallet that allows you to have your private keys while also allowing you to sign messages through all of them is Electrum or Mycelium 'rectify if wrong'. Aren't all of these deterministic wallets?

TryNinja

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Quote from: 2double0 on September 23, 2019, 01:24:16 AM

But maintaining that privacy costs you your ownership because you don't own your private keys of all the generated addresses in a deterministic wallet.

You do? That’s why it’s called a deterministic wallet. Because you can determine the private keys from the seed. This logic does not make any sense. If you can spend the coins, you have the private keys. All it exists in the basic layer of BTC are the private keys.

2double0

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Quote from: Rose_btc on June 20, 2019, 07:31:22 AM

I was reading more about how we can secure our wallet data more securely. I came across that we can use Personal Security Devices(PSD) for storing the private keys securely from hackers by storing them in a tamper-proof and eavesdropping secure elements. Also, there are apps(PGP Apps) for these devices that work in conjunction with a host computer. It will store the encrypted data on host computer instead of storing the data directly.

Even if the devices are lost or destroyed, your assets are still safe.

I think this is the good way of keeping our wallets safe. What do you say?

Yes you are absolutely right there. Another way is to spend some money to get a hardware wallet which stores all our private keys and coins in it for the cost of a fancy teddy bear, using which we can only take out our coins whenever needed, so no need of computers till there is some use intended.

Quote from: TryNinja on June 21, 2019, 04:58:38 AM

What do you mean? I’ve been using an HD wallet (deterministic) for years.

Try reading the first previous replies. Basically, this type of wallet helps you with your privacy by generating new addresses for each transaction (while the older ones are still valid).

You just have to use it normally and get a new address for every new transaction.

But maintaining that privacy costs you your ownership because you don't own your private keys of all the generated addresses in a deterministic wallet.

TryNinja

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Quote from: rnsribeiro on June 21, 2019, 04:51:28 AM

hey guys who used Deterministic wallet even a month?
as I heard it has different types and no idea how to use all the features

What do you mean? I’ve been using an HD wallet (deterministic) for years.

Try reading the first previous replies. Basically, this type of wallet helps you with your privacy by generating new addresses for each transaction (while the older ones are still valid).

You just have to use it normally and get a new address for every new transaction.

rnsribeiro

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hey guys who used Deterministic wallet even a month?
as I heard it has different types and no idea how to use all the features

Rose_btc

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I was reading more about how we can secure our wallet data more securely. I came across that we can use Personal Security Devices(PSD) for storing the private keys securely from hackers by storing them in a tamper-proof and eavesdropping secure elements. Also, there are apps(PGP Apps) for these devices that work in conjunction with a host computer. It will store the encrypted data on host computer instead of storing the data directly.

Even if the devices are lost or destroyed, your assets are still safe.

I think this is the good way of keeping our wallets safe. What do you say?

bob123

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If you have lost the access to the seed, have no private keys and no wallet file, then yes. These coins would be lost.
The addresses itself are not lost, they can be found out by looking at a block explorer. But the private keys (which are necessary to spend the funds stored 'on them') are lost.

Everyone with access to the seed can recreate the whole 'wallet' (i.e. all private keys).

There are multiple ways to protect from that. The most obvious is to physically protect it. Don't let anyone gain access to it.
Also, don't store it digitally.

You might further increase the security by encrypting the seed with a password. But you'll have to store that password somewhere too.. So, there is no perfect solution. You have to find the one which suites you the most.

dbshck

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Quote from: ?? on ??

Thanks for answering. We can recover the wallet if we have saved the seed key. If we have not saved or if we lose the seed key then the wallet is completely lost. We cannot recover the wallet and all the addresses in that wallet are lost. Am I right?
And if the seed is hacked, then they can recover the wallet completely? How can we protect our wallet from this?

That's right. How can you protect your seed? By storing it securely. Write down your seed physically in a durable material. If you want to be extra safe, consider buying something like Cobo tablet or Cryptosteel. Store it somewhere safe from potential hazards like fire, flood or theft. Create a copy of this backup seed stored in another place.

pooya87

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Quote from: Jace Lee on June 17, 2019, 06:30:57 AM

You can do in HD wallets as well. HD wallets are basically the the advanced version of deterministic wallet.

these two are the same thing. Hierarchical Deterministic wallets or in short Deterministic or in shorter HD wallets are wallets that use one seed (don't confuse with mnemonic) to derive all their child keys using HMAC-SHA512 as their one way hash function.
the term "Hierarchy" is used to show there is an order or ranking to the keys where there are parents and children and children of children,...
the term "Deterministic" is used to show that all the child keys are obtained without using randomness. *the randomness is only used once to get the initial seed.

Jace Lee

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Quote from: Rose_btc on June 12, 2019, 04:56:08 AM

Is this the only method that can be used or any other method where I can use 1 wallet for multiple addresses?

This is not the only way. I started my crypto journey by reading about wallets. Let me share what I have read.

You can do in HD wallets as well. HD wallets are basically the the advanced version of deterministic wallet.

Deterministic wallets which are also called seeded wallets are wallets where private keys are derived from a common key. Also, one way hash function is used while deriving these private keys thus, the private key can never get back you seed. If you have backed up the seed you can easily recover your wallet. This is the biggest advantage of deterministic wallet over the non-deterministic wallet.

HD Wallets As I mentioned above HD are the advanced version of deterministic wallet. The HD wallets have tree structure that is a parent key can drive child keys and the child keys can generate grand children key and this keeps on creating in a tree fashion.

There are muliple uses of HD wallets:

One is recovery like Deterministic wallet
You can allocate the different branch of of sub-keys to different purpose
Also, one can create public key with accessing to private key increasing the securite concerns (even I am exploring more about this feature so, unable explain in detail)

The hardware wallets like trezor and Ledger are HD wallets.

Rose_btc

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Quote from: rabbitfairferry on June 13, 2019, 08:09:57 AM

Another link to share: https://ledger.readthedocs.io/en/latest/background/hd_use_cases.html

Found this useful.

Thank you. Found this link very useful. Learnt many things from it.

rabbitfairferry

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Another link to share: https://ledger.readthedocs.io/en/latest/background/hd_use_cases.html

Found this useful.

Topic: What is Deterministic wallet? How can I make multiple addresses point to one wal (Read 519 times)