Crypto Wallets, Backup, & Recovery: What is a Crypto Wallet Derivation Path? [rSUF06W08ID]

Crypto Wallets, Backup, & Recovery: What is a Crypto Wallet Derivation Path? [rSUF06W08ID]

| 1h 28m 28s | Video has closed captioning.

A simple backup of your cryptowallet seed or key might not be enough to keep you out of crypto wallet trouble. This is because different wallets use different "derivation paths". So what is a derivation path? How is it different from a wallet seed? What do you need to know about them to maintain access to your funds? The Bitcoin BIP43 & BIP44 standard derivation path: m/44'/0'/0'/0 Links: 0:00 What is a derivation path? 4:24 The BIP43 and BIP44 standard 7:45 One great option 8:28 Other options This question is from the bonus livestream on key management, which took place on May 23, 2020. Watch that entire livestream here: If you want early-access to talks and early-access to ask questions in livestream events, become a Community Builder on Patreon: Related Videos:  Bitcoin Q&A: How Do I Choose a Wallet? - Bitcoin Q&A: What is a Private Key? - SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: JOIN this YouTube channel to become a YouTube Community Member and access custom emojis and other perks: BECOME a Community Builder: About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission. *** Socials, Books, & More ***  Website: Twitter: Facebook: Insta: LinkedIn: Amazon Author: Audible: Music: "Unbounded" by Orfan ( Don't forget to SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications.  Thanks for watching! #beste bitcoin wallet #staat verkauft bitcoin #crypto phone #buy bitcoin with paypal