Daedalus Wallet is a multi-platform, open-source, hierarchical-deterministic wallet that lets you generate an endless number of keys from a single seed.
What Is Daedalus Wallet?
Daedalus Wallet is a multi-platform, open-source, hierarchical-deterministic wallet that lets you generate an endless number of keys from a single seed.
Input-Output Hong Kong has officially released the Daedalus wallet, which can be used across several platforms. It allows for the secure storing and transfer of ADA coins across addresses. There are no restrictions on the user’s geographical location, however, you should check to see whether dealing with cryptocurrencies is allowed in your country’s legislation first.
Security
Daedalus is also a hierarchical-deterministic (HD) wallet, which means it produces a hierarchical structure of private/public addresses (or keys) for the user instead of requiring them to be generated manually.
HD Wallets generate all addresses from a single master seed, and each time this seed has a new counter value added, an endless number of new addresses may be created automatically based on the new seed.