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Crypto Terms:  Letter H
Jul 07, 2023 |
updated: Apr 02, 2024

What is Hierarchical Deterministic Wallet (HD Wallet)?

Hierarchical Deterministic Wallet (HD Wallet) Meaning:
Hierarchical Deterministic Wallet (HD Wallet) - a wallet that supports the production of crypto-wallets from a single master seed using 12 mnemonic phrases.
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Let's find out Hierarchical Deterministic Wallet (HD Wallet) meaning, definition in crypto, what is Hierarchical Deterministic Wallet (HD Wallet), and all other detailed facts.

HD Wallet uses the HD protocol to create crypto wallets from a single master seed using 12 mnemonic phrases. An HD wallet is a type of digital wallet that stores the cryptographic keys of various cryptocurrency holders and it can be controlled by anyone who has a copy of both the public and password-like private keys. For more information, see Deterministic Wallet.