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Can you explain the concept of "deterministic wallets" and their advantages for Bitcoin users?

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Deterministic wallets are a type of cryptocurrency wallet that generates all the cryptographic keys (private and public) needed for the wallet from a single seed phrase or seed value. This seed phrase is typically a series of random words that act as the master key to derive all the keys in the wallet.


Advantages of deterministic wallets for Bitcoin users include:

  1. Ease of Backup: With just the seed phrase, users can backup and restore their entire wallet,_
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