Bitcoin XPUB puzzle: growing fears
In recent years, the growing use of Bitcoins has led to the explosion of the number of available portfolios. However, a special problem that arose concerns the ability of some portfolios to accept or generate Bitcoin addresses from a specific derivative path called “XPub”. In this article, we will delve into the XPUB puzzle and examine how you can choose the right path to your portfolio.
What is Xpub?
Before diving, we quickly determine what XPUB is. The XPUB address (also known as P2PKH) is the Bitcoin public key used to receive bitcoins. He was introduced by Satoshi Nakamoto, the creator of Bitcoins, as a way to enable the wallets of third parties to accept and check transactions without having to learn private keys related to each portfolio.
Question: how to move XPub
Here the situation becomes interesting. Some wallets, especially those that do not support the P2PKH derivative path (private key to the public key), encounter problems with the acceptance of XPUB addresses from other wallets. In particular, it seems that these wallets do not see or accept the XPUB addresses generated by this path.
Consequences:
This problem can lead to many questions, including:
- Wallets that do not receive payments
- Wallets unable to verify the transaction
- Wallets with incorrect information about balance
Choosing the right derivative path
So how do you choose which derivative path is needed for your portfolio? Here are some factors to consider:
1.
- Requirements of the third -party portfolio : Check that the used wallet supports the P2PKH derivative. Some popular third -party wallets support this option.
3.
Alternatives for XPUB
If you have problems generating XPUB addresses or need it in a safer way to manage bitcoins, consider using alternative derivative paths, such as:
- P2SH (private switch in public): This option generates a private key for each transaction and is widely operated by wallets.
- SPX (subparetation address): This format allows you to generate specific subtransations that can be useful in some scenarios.
Application
XPUB puzzle emphasizes the importance of understanding of Bitcoin derivative paths and their impact on the functionality of the portfolio. By choosing the right path to the portfolio, you can make sure you can receive payments, check bitcoins securely.
If you have problems with XPUB addresses or need help to configure a new wallet that supports this option, you can comment below more questions or ask any control questions!