Quote from: LaudaM on March 11, 2014, 09:13:27 PM

Quote from: waxwing on March 11, 2014, 09:06:42 PM

All wallets are in the process of going deterministic as it's an obviously superior model.

Once you go deterministic, you never go back.

Please interpret. Deterministic?

You have a seed which generates a master public key. Then an algorithm generates an infinite list of keys from that. It means that, instead of randomly generating keys/addresses when you need new ones, the same list is generated every time.

This means that if you delete your wallet, but remember the seed, you can recover the entire same set of addresses every time. Thus, backing up and re-backing up your private keys is not necessary.