"Understanding Hierarchical Deterministic Wallets: How BIP44 Works"

 Introductory Article on Habr:

Title:
"Understanding Hierarchical Deterministic Wallets: How BIP44 Works"

Summary:
This article provides a detailed overview of how HD wallets (Hierarchical Deterministic Wallets) function and how the BIP44 standard organises keys. We'll explain the structure of derivation paths, their significance for security, and practical aspects of working with cryptocurrencies.

Key Topics:

1. What are HD wallets, and why are they important?
2. The structure of BIP44: the path m/44'/0'/0'/0/0.
3. Key generation: private and public derivations.
4. Advantages of using BIP44 for storing cryptocurrencies.
5. Real-world examples: integration with wallets like Ledger, Trezor, and MetaMask.

Video Link:
For more details, we recommend watching the video by Cryptonist.

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Technical Deep-Dive Article on Habr:

Title:
"Implementing BIP44 for HD Wallets: Step-by-Step Explanation"

Summary:
This article is for developers and crypto enthusiasts who want to understand how the BIP44 standard is implemented in practice. We'll explore code examples, library usage, and creating a custom wallet with BIP44 support.

Key Topics:

1. Overview of BIP32, BIP39, and their connection to BIP44.
2. How derivation paths are formed (broken down into levels).
3. Using popular libraries to work with BIP44 (e.g., bitcoinjs-lib, hdkey).
4. Practical example: creating an HD wallet in Python.
5. Testing and verifying keys for compatibility with popular wallets.

Code Section:
Step-by-step creation of an HD wallet in Python using the bip-utils library.

from bip_utils import Bip44, Bip39SeedGenerator, Bip44Coins

# Generating mnemonic and seed
mnemonic = "abandon abandon abandon abandon abandon abandon abandon abandon abandon abandon abandon about"
seed = Bip39SeedGenerator(mnemonic).Generate()

# Initialising BIP44
bip44_mst_ctx = Bip44.FromSeed(seed, Bip44Coins.BITCOIN)

# Deriving the first wallet
account = bip44_mst_ctx.Purpose().Coin().Account(0).Change(False).AddressIndex(0)

print(f"Address: {account.PublicKey().ToAddress()}")
print(f"Private Key: {account.PrivateKey().ToWif()}")

Link:
For additional insights, check out Cryptonist's video on HD wallets here.

Hashtags for the Article:
#BIP44 #HDWallets #CryptoDevelopment #PythonCrypto #BitcoinKeys #Cryptography #BlockchainTech