Glossary term

HD Wallets

Hierarchical Deterministic Wallet. Uses a 12 word mnemonic phrase or ‘seed’ to generate a Hierarchical tree like structure of keys, allowing the user to use multiple addresses in…

  • Updated August 17, 2018
  • First published April 25, 2018
  • Reading time 1 minute

Definition

Understand the fundamentals, context, and nuances behind this term.

Hierarchical Deterministic Wallet. Uses a 12 word mnemonic phrase or ‘seed’ to generate a Hierarchical tree like structure of keys, allowing the user to use multiple addresses in a single wallet.