Key management in HD wallets constitutes the main technical aspect that must be considered prior to the start of the development process. Hierarchical Deterministic system lets one create an infinite number of key pairs based on a single master seed in accordance with BIP32, BIP39 and BIP44 protocols. As such, one seed phrase is enough to derive keys for numerous chains, accounts, and addresses without storing any backups individually.
In terms of software development, the master seed is created through entropy and is then transformed into a mnemonic phrase. Further keys are derived in a deterministic manner through hashing. Consequently, the same seed always produces exactly the same key hierarchy. The whole system depends on local encryption, storage in secure enclaves and absence of private keys in the server environment.
Teams of developers engaged in the creation of a TokenPocket Clone Script have to plan derivation paths, encryption methods and security features such as biometric authentication or PIN.
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