HD wallets with Nimiq
Following those proposals gives rise to having one seed needed for all your addresses. And since it’s deterministic, you can easily derive all your addresses and funds with only that one seed. It removes the pain of storing every privatekey for every new address you generate. When you want to import all your addresses again, you only have import your given seed and all your corresponding addresses (including funds) will be detected and imported.
Note that at this time of writing, Nimiq only uses the first account derived from the seed:
m/44'/242'/0' (called a
path) and its corresponding addresses. I explain what a
path is in the Github example.
Click here for my Github example.