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Shannon Appelcline 2020-08-11 10:47:58 -10:00 committed by GitHub
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03_5_Understanding_the_Descriptor.md
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@ -22,7 +22,7 @@ The fact that you can have a "whole sequence of children ... keys" reveals the f
> :book: ***What is an HD Wallet?*** Most modern wallets are built on [BIP32: Hierarchical Deterministic Wallets](https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki). This is a hierarchical design where a single seed can be used to generate a whole sequence of keys. The entire wallet may then be restored from that seed, rather than requiring the restoring of every single private key.
> :book ***What is a Derivation Path?*** When you have hierarchical keys, you need to be able to define individual keys as descendents of a seed. For example `[0]` is the 0th key, `[0/1]` is the first son of the 0th key, `[1/0/1]` is the first grandson of the zeroth son of the 1st key. Some keys also contain a `'` after the number, to show they're hardened, which protects them from a specific attack that can be used to derive an `xprv` from an `xpub`. You don't need to worry about the specifics, other than the fact that those `'`s will cause you formatting troubles when working from the command line.
> :book: ***What is a Derivation Path?*** When you have hierarchical keys, you need to be able to define individual keys as descendents of a seed. For example `[0]` is the 0th key, `[0/1]` is the first son of the 0th key, `[1/0/1]` is the first grandson of the zeroth son of the 1st key. Some keys also contain a `'` after the number, to show they're hardened, which protects them from a specific attack that can be used to derive an `xprv` from an `xpub`. You don't need to worry about the specifics, other than the fact that those `'`s will cause you formatting troubles when working from the command line.
> :information_source: **NOTE:** a derivation path defines a key, which means that a key represents a derivation path. They're equivalent. In the case of a descriptor, the derivation path lets `bitcoind` know where the key that follows in the descriptor came from!