Post
Topic
Board Development & Technical Discussion
Re: How exchanges make wallet adresses?
by
wsxdrfv
on 09/05/2018, 06:29:20 UTC
There are 2 options:
2) (Not recommended) Each user has an unique ID and new addresses are generated via seed, so they are actually pre-generated and easy to recover if you now the seed. Then it goes like that:
[seed]-> [Purpose][Coin][Account][External / Internal][address id]

m/44'/0'/111'/0/1  -> Bitcoin address, user_id 112, second address
m/44'/145'/48271'/0/3  -> Bitcoin Cash address, user_id 48271, fourth address
m/49'/0'/54'/0/0  -> Bitcoin SegWit address, user_id 55, first address

What are these seed? m/44'/0'/111'/0/1,  m/44'/145'/48271'/0/3 ,  m/49'/0'/54'/0/0

I just thought made bunch of address from one bitcoin daemon.

Where is seed and how to know what seed used from above?