What alternatives exist for generating public keys in a deterministic manner in the world of digital currencies?

3 answers

• Nov 28, 2021 · 3 years ago
  One alternative method for generating public keys in a deterministic manner is by using a Hierarchical Deterministic (HD) wallet. HD wallets allow users to generate an unlimited number of public keys from a single seed phrase. This provides a convenient and secure way to manage multiple addresses without the need to backup each individual key. Additionally, HD wallets also offer improved privacy as they generate a new public key for each transaction.
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• Nov 28, 2021 · 3 years ago
  Another option is to use a hardware wallet. Hardware wallets are physical devices that store the user's private keys offline. They often come with built-in random number generators that ensure the generation of public keys in a deterministic manner. Hardware wallets provide an extra layer of security as they keep the private keys isolated from the internet, reducing the risk of theft or hacking.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a popular digital currency exchange, offers a unique solution for generating public keys in a deterministic manner. Their platform utilizes a proprietary algorithm that combines the user's personal information with cryptographic techniques to generate secure and deterministic public keys. This method ensures that each user has a unique set of public keys that can be easily managed and accessed.
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