Understanding a Wallet Restore
Understanding a Wallet Restore This is my first post on block chain related programming so please excuse my ignorance. I find the terminology in the BIP32 and BIP39 specs hard to understand so I'm trying to confirm my understanding here. I hope someone can clear things up for me. Please correct me if my understanding is incorrect. Here goes. I bought a Trezor and generated my seed using the Trezor. I understand that this is an implementation of BIP39. My understanding is that if I were not using Trezor, I could generate this key on an offline computer like Tails Linux or Bitkey.IO Live CD. My understanding is that this serves as a key for signing transactions in future. But, this does not by itself create any addresses in the block chain itself. After creating the key, I generated some addresses. One for Bitcoin, one for Litecoin and so on. Again, merely creating addresses does not affect the block chain in any way. The only thing that is special about these addresses is that the...