Seed Phrase and Derivation Path

Wonder how your account can create multiple addresses? Is that really possible to access an single account with different wallets? My article is regarding to seed phrase. Please read articles i wrote about seed phrase awareness 👇https://read.cash/@prey27/4-wallet-address-in-1-account-4-in-1-seed-phrase-awareness-9be49115

I will try to explain in simplest way for you to understand derivation path and seed phrase in connections of your account wallet.

Some of you have questions and doesn't understand why a certain account can possibly create 2 or more addressees while still able to access your original account.

Seed Phrase- it is a unique set of words given to secure all the information in your wallet. Also known as mnemonic phrase, recovery phrase, back up phrase, 12 words ,seed words or secret recovery phrase.

Every account made has own private key which generate seed phrase as your master private key that let you access all of your private key wallet address ..

Derivation Path- is a piece of information in systematical levels which account organize in multi-address system or simply a wallet organizer.

Combining seed and derivation path together can create multiple wallet in one account.

Derivation path consist of 6 bases divided by slashes.

m/- means derive either private (M) or public (m) master key

purpose'/- BIP use in the path ( im going to make article about BIP)

coin_type'/- represents cryptocurrency coins being used

account'/- describes your account generate by your master key

change'/- either receiving (0) or change (1) addresses

address_index'/-can be use to create another variable account.

Every address has its own derivation path under your seed. m/44/0'/0'/0 is different from m/44/0'/0'/1 but they share the same mnemonic phrase.

try to visit https://learnmeabitcoin.com by Greg Walker to explore more about derivation path and master keys.

My derivation path conceptual framework

Imagine that your master key is your pin code to access your bank in multiple account.

. m/44/0'/0' - for your crypto assets

.m/44/0'/1' - Business fund

m/44/0'/2'- extra online income

If you open your master key (seed) with different path then you cannot access either of the given wallets above or it leads you to another address with zero fund.

Thank you for your time reading I hope you learn from this.

I am just a beginner yet interested to study key cryptography . It would be great if you can share your thoughts and knowledge about this topic. I am willing to accept criticism based on what i have understand prior to my article.

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