Posts about Crypro Addresses
In the crypto ecosystem, a derivation path is a way to generate multiple unique addresses from a single root seed phrase. This is achieved using a standardized mathematical algorithm called Hierarchical Deterministic Wallets (HD Wallets).
Checksums are a method of capitalizing certain characters in an address for a specific EVM network. This includes Ethereum, Ethereum testnets, RSK, and its testnet, Binance Smart Chain, and others. It is meant for users to confirm that an address is for a specific network. Once passed to a web3 provider, server, or blockchain, checking the checksum is no longer needed.