Post
Topic
Board Mycelium
Re: Mycelium Bitcoin Wallet
by
Jan
on 17/09/2014, 16:02:10 UTC
I realise that one of the “philosophies” behind the Mycelium 2.0 wallet is to take users away from managing addresses. The UI as it stands basically requires users to use receiving addresses in sequence as they are offered up.

However, with the availability of BIP32/39/44 key/address generators, it is easy to generate forward addresses online/offline using our 12 word mnemonic code with or without password. For a particular Account, a user might want to generate receiving addresses, say, 1 to 10 and give them out to one party who is going to make regular payments to him. I have tried simulating something like this with the testnet version and everything seems fine.

1) Are there any issues with using 2.0 in this way?
2) Could future versions of Mycelium offer the option to generate forward addresses within the application?
3) How far out in a chain, over unused addresses, does 2.0 scan to look for funds?

1. No issues. This is perfectly fine.
2. Yes
3. We scan 20 address ahead on the external chain to comply with account lookahead discovery as dictated by BIP44