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Code from Matija Mazi. HD wallets allow you to derive keys from a single root key, giving various useful features: - Make a backup once and it's good forever (for your keys only of course) - You can break off parts of the tree and give it to other people, they can then generate new keys to send you money without any involvement by you (better privacy+security for watching wallets) - You can delegate sub-trees to other people as a form of access control. |
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