Hierarchical Deterministic Wallet on Multichain

Question

Hello

Is there a concept of Hierarchical Deterministic Wallet  on Multichain. Does multichain support this . If yes , how ,can you please share a snippet of implementation.

 

Thanks

Answer 1

MultiChain does not contain an internal implementation of a hierarchical deterministic wallet. But there's no problem using it with any external wallet that provides this functionality, and it's fully backwards-compatible with bitcoin's addressing and cryptography – see this page for making its address format exactly match bitcoin's:

http://www.multichain.com/developers/address-key-format/

Note however that, depending on the permissioning model in your MultiChain blockchain, it may be hard for you to work with an HD wallet which is constantly giving you new addresses to use.