Hi I/O team!
Can someone please help me to understand your new DIONS wallet restore function:
Is your wallet hierarchical deterministic, I mean: a ONETIME Backup of the private key is ALL one needs, in order to be able to restore his wallet at any given time?
OR: Is the private key NOT enough, and instead one must ensure REGULAR backups??
If the latter is the case: Why make it so complicated ? Its much more secure and comfortable to use onetime feature. is it technically really so complex to provide a hierarchical deterministic solution (like many other current wallets coinomi, parity, electrum, etc. offer)?
Looking forward to your reply, thx!
the Old html5 wallet did not have the feature to export your private keys. The QT wallet did.
The new HTML5 wallet has the feature to export your private key (press ESC for command line).
So if you had QT and the private key from that you can import it to the new wallet. But not many did and thats why we focus on wallet.dat restore.