Deterministic wallet

This is a type of wallet in which all the keys are derived from a single master key, which is also known as a seed. All the keys in this type of wallet are linked with one another and can be easily generated again with the help of a seed. In some cases, a seed allows the creation of public key addresses without the knowledge of private keys. Mostly, seeds are serialized into human-readable words known as a mnemonic phrase.

There are multiple key derivation methods used in deterministic wallets, which are described in the following subsections.