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Title: Hey I just made an offline wallet chain code questions. Post by: risho on January 11, 2014, 12:25:11 PM So, I just made an offline wallet. I had one before that I made but I never actually wound up using it, so I just tossed the old one and made a new one. One thing I've noticed is that the old one had a chain code on the printout and the new one just has the private key. Do I not need the chain code anymore? I saw in another post that the chain code now is just a hash of the private key, so all I need is the private key and the deterministic wallets will still generate correctly in the event of a failure?
If this is true could the fact that the chain codes are just hashes of the private keys rather than randomly generated create collision issues in the future? Title: Re: Hey I just made an offline wallet chain code questions. Post by: goatpig on January 12, 2014, 01:00:57 AM Well you're still looking at a 256bit integer collision, that's the same as hoping for a private key collision.
Title: Re: Hey I just made an offline wallet chain code questions. Post by: risho on January 12, 2014, 08:22:15 AM so all i need is the private key and not the chain code?
Title: Re: Hey I just made an offline wallet chain code questions. Post by: goatpig on January 12, 2014, 08:46:47 AM As long as your paper backup only carries a root key, that all you need
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