Advantages of Metaverse HD Wallet

Metaverse Team
Aug 25, 2017 · 1 min read

The Metaverse Wallet was designed based on the model of HD Wallet, which is stratified deterministic wallet.

In traditional wallets, you have to re-back up all private keys of the wallet when a new address is created, but you just need to create a master private key in HD Wallet. Once the master private key is controlled, sub private keys will be generated, forming a tree structure.

This means users do not need to back up wallet frequently when creating a new address, and they just need to back up only once when creating a wallet. That is because users can re-create all sub private keys on the basis of master private key.

In addition HD Wallet’s advantages lie in higher security than traditional wallet.Users have access to storing master private keys in a safe offline environment. They do not need to upload to server, and they still can receive assets. Users just need to put public key on server of public network, and then use the public key to generate a beneficiary address.

Thus other users are able to transfer their assets to the address.Due to private keys of users are stored offline, which help prevent hackers from hacking into server and stealing digital identities.

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Metaverse Team

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Metaverse is a decentralized open platform of digital assets, digital identities, and smart contracts based on public blockchain technology. https://mvs.org

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