Post
Topic
Board Bitcoin Discussion
Re: 2014 is going to be a GOOD year for bitcoin they said...
by
Lauda
on 11/03/2014, 21:33:03 UTC
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.
Oh, thanks for the explanation.
That's the better way in this case. Much easier.