Hierarchical deterministic (HD) Key Generator
Mnemonic Phrase
You have the option of using an existing BIP39 mnemonic or creating a new one at random.
The mnemonic requires a precise sequence and a checksum at the end, so you would have to follow the bip39 process to come up with a valid mnemonic
The mnemonic requires a precise sequence and a checksum at the end, so you would have to follow the bip39 process to come up with a valid mnemonic
or enter one below
Derived Addresses
Path | Public Key | Private Key |
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Motivation
Keeping all your crypto in a single wallet has some disadvantages because hackers or private investigators can track transactions back to you, and accounts with large amounts of coins give hackers more incentive to hack it.Creating multiple accounts as a solution to this problem also poses some risks as managing multiple keys can prove to be a difficult task with the added risk that they could also be misplaced.
This project solves both these problems as all you need to control an infinite number of accounts is just a 12-word mnemonic phrase. With a 12-word mnemonic, you can generate keys not just for thenewboston alone but for other cryptocurrencies as well while increasing your privacy if you use different accounts for different transactions.
This project was sponsored by thenewboston, check out the original proposal here
Alternative Tools
Some similar tools to this are:https://bip32jp.github.io/english/index.html
https://iancoleman.io/bip39/
https://microbitcoinorg.github.io/mnemonic/
Check out other thenewboston projects