Bitcoin Improvement Proposal -BIP32

Why should we use BIP32

Reason:

Owner can keep Seed and private key by himself.

References:

BIP32

Python — pywallet

NodeJS — https://github.com/ethereumjs/ethereumjs-wallet

Definition

The Hierarchical Deterministic (HD) key creation and transfer protocol (BIP32), which allows creating child keys from parent keys in a hierarchy. Wallets using the HD protocol are called HD wallets.

Try BIP32 — http://bip32.org/