• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

According to BIP44 each HD wallet have a finite number of 2^32 addresses, Why is that the case?

Started by Bitcoin, Feb 28, 2022, 10:21 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Bitcoin

According to BIP44 each HD wallet have a finite number of 2^32 addresses, Why is that the case?

According to BIP32 we can have a seed from which we derive all our private and public keys, so in theory we can have an "infinite" number of child and grandchild keys so why does BIP44 limit that idea of infinity and limits HD wallets to only derive keys from the address_index the "fifth generation"



m / purpose' / coin_type' / account' / change / address_index



So in practice Bitcoin wallets following BIP44 can only generate 231 keys, furthermore only 231 possible Bitcoin addresses. Why is that the case when we can have an infinite amount of addresses?


Source: According to BIP44 each HD wallet have a finite number of 2^32 addresses, Why is that the case?