Demonstrate the ability, Deserve the honor—Orientwalt (HTDF)passed the BIP44 Agreement

BIP32 deterministic algorithm comes into being, which allows you to generate countless private keys and addresses with only one seed, which greatly facilitates users' use.

June 12, 2019 /PressReleaseAgency/ —

With the development of block chain and the rising price of Tokens , people are not satisfied with only one account ,and even someone have several accounts. However, it aroused a problem that if you have several accounts, then you need to save those  private keys, which is particularly troublesome and unfriendly. Therefore, BIP32 deterministic algorithm comes into being, which allows you to generate countless private keys and addresses with only one seed, which greatly facilitates users' use.

While the seeds is so long and not convenient for user’s use that BIP39 appeared ,which is to use the word mnemonic way to produce seeds. With this method ,users only need to remember 12 words(3,6,9,12,15,18,21,24 support these words ,the number of currently used more widely is 12 and 24 ) , it has greatly improved the use of the convenience of users .

 

As the popularity of block chain further development, many Tokens appeared on the market ,the former deterministic algorithm is only for Bitcoins, that is only support one Token .If users want to use the same seed to manage different Tokens, that causes the BIP44 protocol, which is based on BIP32 agreement, it gave BIP32 path,and endowed with different meaning, commendably solved the problem of multi-Tokens, multi-address the problem. In short ,BIP44 is the layered path definition specification for BIP32 .

Private key path and BIP44

Private keys derived from the layered (tree-like structure ) are usually represented by paths, levels are represented by slash/, and the private key derived from the main private key begins with "m". Hence , the sub-private key generated by the first parent key is m/0. The first public key is M/0. The sub-key of the first sub-key is m/0/1, and so on.

BIP44 has defined a regulated meaning( extend supports for many kinds of Tokens )  for the path ,and it specified a tree-level structure consisting of five predefine :

m / purpose' / coin' / account' / change / address_index

m is fixed ,Purpose is fixed too ,Value is 44 (or 0x8000002C )

Coin type

Which represented type of Tokens ,0 stand for Bitcoin ,1 stand for testing chain of Bitcoin ,60 stand for Etherfield ,346 stand for HTDF

Query link of Complete Token list address :

https://github.com/satoshilabs/slips/blob/master/slip-0044.md

The default path value of HTDF :

M’44’346’0’0’0            (HTDF)
The BIP44 protocol is a general protocol for layered deterministic wallets, and all digital Token wallets need to comply with this protocol. Walter Oriental was accepted, and it also represented that the digital Token industry has approved the Token symbol of Orientwalt (HTDF).

The road has to go forward step by step, only to be practical and reliable ! Orientwalt (HTDF) firmly believes that the best will be left to the hardest one, and as such, the future will be the same.

Contact Info:
Name: Media Relations
Email: Send Email
Organization: Global News Online
Website: http://www.globalnewsonline.info/demonstrate-the-ability-deserve-the-honor-orientwalt-%EF%BC%88htdf%EF%BC%89passed-the-bip44-agreement/

Source: PressReleaseAgency

Release ID: 523693

Latest News

Where have the wild birds gone? 3 billion fewer than 1970

Sep 22, 2019

WASHINGTON — A comprehensive study shows there are nearly 3 billion fewer wild birds in North America than in 1970. The new study finds that the bird population in the United States and Canada was probably around 10.1 billion nearly half a century ago and has dropped 29% to about 7.2 billion birds. Study lead author Kenneth Rosenberg, a Cornell University conservation scientist, says the thinning of the flocks is happening before our eyes but is so slow we don't often notice. Rosenberg and colleagues projected population data using weather radar, which captures flocks of migrating birds, 13 different bird...

No Deal: Auto workers strike against GM in contract dispute

Sep 22, 2019

DETROIT — More than 49,000 members of the United Auto Workers walked off General Motors factory floors or set up picket lines early Monday as contract talks with the company deteriorated into a strike. Workers shut down 33 manufacturing plants in nine states across the U.S., as well as 22 parts distribution warehouses. It wasn't clear how long the walkout would last, with the union saying GM has budged little in months of talks while GM said it made substantial offers including higher wages and factory investments. It's the first national strike by the union since a two-day walkout in...

Union votes to strike at General Motors' US plants

Sep 22, 2019

DETROIT — The United Auto Workers union announced Sunday that its roughly 49,000 workers at General Motors plants in the U.S. would go on strike just before midnight because contentious talks on a new contract had broken down. About 200 plant-level union leaders voted unanimously in favor of a walkout during a meeting Sunday morning in Detroit. Union leaders said the sides were still far apart on several major issues and they apparently weren't swayed by a GM offer to make new products at or near two of the four plants it had been planning to close, according to someone...

Pesticide criticized in bee deaths could also kill birds

Sep 22, 2019

PORTLAND, Maine — Scientists studying a widely used pesticide say even small doses of the chemical can have crippling health effects on migrating birds, and it might be contributing to declines in their overall populations. The researchers with the University of Saskatchewan will publish their research about the insect-killer imidacloprid in the journal Science on Friday. The insecticide is among a class called neonicotinoids that has been widely studied for its health impacts on bees. The scientists studied white-crowned sparrows that consumed small doses of the pesticide and found that the birds experienced weight loss and delays in migration. They...

Apple takes on Netflix with a $5-a-month streaming service

Sep 22, 2019

CUPERTINO, Calif. — Apple is finally taking on Netflix with its own streaming television service and, uncharacteristically for the company, offering it at a bargain price — $5 a month beginning on Nov. 1. Walt Disney Co. is launching its own assault on Netflix the same month, for just $7. It may be sheer coincidence that the cost of paying for both Apple and Disney subscriptions will still be a dollar less than Netflix's main plan, priced at $13 a month. But the intent to disrupt Netflix's huge lead in the streaming business couldn't be clearer. Apple delivered the news...

Sign up now!