Glossary
A fundraising method used by new cryptocurrency projects to offer their tokens to investors in exchange for established cryptocurrencies or fiat currency.
BIP32 is a proposal for improving Bitcoin that introduces a hierarchical deterministic (HD) wallet structure for managing private keys and Bitcoin addresses. This means that a user can create a master private key that can generate all subsequent private keys in a deterministic and secure manner, allowing for easy backup and recovery of funds.The HD wallet structure works by creating a “tree” of private keys, with the master private key acting as the root. This enables the derivation of child private keys, each of which corresponds to a unique Bitcoin address, without compromising the system’s security. By using mathematical operations and a “chain code,” the child keys can be generated from the master key.
Additionally, the hierarchical deterministic structure allows the creation of “watch-only” wallets that can monitor the balance and transactions of a particular Bitcoin address without having access to the private keys. This feature can be useful for merchants or other businesses that need to track incoming payments.
Overall, BIP32 is a widely adopted standard in the Bitcoin ecosystem that provides a secure and convenient method for managing private keys and Bitcoin addresses.
They love it, you will too!
Javier Vicente Gonzalez
Casper Labs
“ The CryptoLegacy project is solving one of the most recurrent and important current real problems but focused on the digital assets, crypto /nfts. First they are solving the fact that the users can recover their accounts avoiding losing all their assets. Second, for the present/future they are making sure that these assets automatically are transferred to
the recipients already stated in their smart contracts. This is really important because otherwise these assets will be frozen or lost. ”

James Burns
Estate Attorney
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Travisse Hansen
Co-Founder Radiant Wallet
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CryptoLegacy saw that coming and made it surprisingly easy regardless
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