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Questions and Answers
What type of wallets contain randomly generated private keys?
What type of wallets contain randomly generated private keys?
- Non-deterministic wallets (correct)
- Paper wallets
- Hardware wallets
- Deterministic wallets
How are keys derived in deterministic wallets?
How are keys derived in deterministic wallets?
- By using mnemonic code words
- By generating random keys
- Via hash functions from a seed value (correct)
- By encrypting public keys
What is the purpose of mnemonic code words in deterministic wallets?
What is the purpose of mnemonic code words in deterministic wallets?
- To generate random keys
- To authenticate transactions
- To represent the seed value (correct)
- To encrypt private keys
What is the bitcoin core client's approach to key generation?
What is the bitcoin core client's approach to key generation?
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Why is managing a large number of keys in non-deterministic wallets difficult?
Why is managing a large number of keys in non-deterministic wallets difficult?
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