I have a question about the derivation path. Is the path m/44'/0'/0' is different than the path m/44'? Or the same?
I am not still quite understanding the concept of the derivation path...Sorry for the noob question!
Posted Aug 8, 2021, 6:27 AM UTC
m/44' on itself just appears incomplete to me. You are not specifying the coin type, nor the account.
Here's a good explanation with some useful diagrams: https://learnmeabitcoin.com/technical/derivation-paths
You can also edit the derivation path and see the effect in action.
yeah it's different
just take a look into BIP32, "The key tree"
The most common derivation paths used are:
BIP 44: m/44'/0'/0' (for 1addresses)
BIP 49: m/49'/0'/0' (for 3addresses)
BIP 84: m/84'/0'/0' (for bc1addresses)
Yes
Is the address 1558 Philadelphia Avenue, Salt Lake City, Utah, 4111, USA" different than "1558 Philadelphia Avenue"?
You have it backwards.
m/44' is like Earth, USA.
m/44'/0'/0' is like Earth, USA, Utah, Salt Lake City.
An individual address would be like m/44'/0'/0'/420, which is like Earth, USA, Utah, Salt Lake City, 3981 Wasatch Blvd.
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