Post
Topic
Board Trading Discussion
Re: Mantaining Anonymity--What to do if you compromise yourself
by
BurtW
on 12/05/2016, 00:30:30 UTC
Burt, you are the man! thanks for clearing that up Smiley

Now you mentioned that the deterministic wallet doesn't have to keep track of every transaction like core does, are you referring to the blockchain? If so, would that mean that all deterministic wallets use 3rd party blockchain service? and if so, isn't that something i should avoid?  

thanks

Deterministic wallet balance and transaction history reconstruction:
  Reconstruct the sequence of public/private key pairs from the seed and look them up on the blockchain

Core (and other) wallet balance and transaction history reconstruction:
  Iterate over the list of public/private key pairs kept in the wallet.dat file and look them up on the blockchain

In all wallets the balance and history of your wallet is kept on the blockchain and your wallet needs access to the blockchain in order to work.