A simple backup of your cryptowallet seed or key might not be enough to keep you out of crypto wallet trouble. This is because different wallets use different “derivation paths”. So what is a derivation path? How is it different from a wallet seed? What do you need to know about them to maintain access to your funds?
The Bitcoin BIP43 & BIP44 standard derivation path: m/44’/0’/0’/0
0:00 What is a derivation path?
4:24 The BIP43 and BIP44 standard
7:45 One great option
8:28 Other options
This question is from the bonus livestream on key management, which took place on May 23, 2020. Watch that entire livestream here: If you want early-access to talks and early-access to ask questions in livestream events, become a Community Builder on Patreon:
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