Hierarchical Deterministic Wallet (HD Wallet)

Exploring the Idea of a Hierarchical Deterministic Wallet (HD Wallet)

A Hierarchical Deterministic (HD) wallet is a specific type of wallet that makes use of the HD protocol to enable the generation of numerous crypto-wallets from just one master seed. This is accomplished by utilizing a series of 12 mnemonic phrases, which act as the basis for creating the wallets. It is worth mentioning that the HD wallet is closely connected to the notion of a Deterministic Wallet.