Hierarchical deterministic (HD) Key Generator

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Hierarchical deterministic

Hierarchical deterministic wallets are a type of deterministic wallets that derive all of the public/private key pairs from a single master seed value. This seed value is used to generate a master private key (xprv) which then can be imported to any BIP 32 compliant HD wallet.

Mnemonic code for generating deterministic keys

To create a hierarchical deterministic wallet, you only need one 128, 256 or 512 bit random number (entropy). This entropy is then encoded into 12, 18 or 24 words respectively. These words are called mnemonic code words. The mnemonic code words are then used to derive the master private key. The master private key can then be imported to any BIP 32 compliant HD wallet.

Dervied Path

The derivation path define the following 5 levels in BIP32 path:

m / purpose / coin_type / account / change / address_index

Wallet Import Format

The WIF format for Bitcoin private keys is as follows: private key in Base58Check format_NetworkCcode flag

Ethereum private keys, they are typically represented as a 64-character hexadecimal string and are encoded using Base58Check to produce Wallet Import Format private keys.