A hierarchical deterministic (HD) wallet is a digital cryptocurrency wallet utilized to safely store the digital encryption keys for owners and holders of crypto tokens, including Bitcoin (BTC) and Ethereum (ETH). If you control both the public and private keys, you control the cryptocurrency in the account. HD wallets generate new key pairs, using the master key pair, for every new transaction, which increases privacy and security.
NFT Term
HD Wallet
Definition of HD Wallet from the NFTguild.com glossary.
