Please provide me a detailed description of the features and usage of wallet 6.0.3.2
Very thank!
Next to regular STAKING and MASTERNODES we now enabled COLDSTAKING for BCZ
- Earn #PoS rewards while private keys stay #safu offline
- No need to keep wallet open 24/7
- Safer, Easier + Uses less electricity
- Turn off PC + make $BCZ
We have added:
Tx. csv functionality
Export adresses.csv
Faster startup and much quicker network syncing
Hierarchical Deterministic (HD) wallet:
HD wallets generate a hierarchical tree-like structure of keys which start from the seed master key based on BIP 32. When you restore an HD wallet using the seed key, the wallet goes ahead and drives all the private keys of the tree using BIP 32.
And as soon as the scanning of keys is completed on the network…
You are done, and your funds are recovered!
While using an HD wallet, the backing up of the seed key is mandatory and should be kept safe so that you can restore your wallet in case your device is lost or damaged.
And this is the beauty of HD wallets. Taking a backup only once means that all subsequent addresses can easily be re-created mathematically from the algorithm. HD wallets use a one-way SHA-256 hash algorithm which produces this tree of keys without any error if the input (or seed key) is the same.
And there are more features under the hood.